Funds run by Mario Gabelli increased their stake to 2.95 million shares (6.71%), from 2.5 million (5.67%) reported in February.

I Buy their parts

Karsch Capital Management lowered its stake to 1.6 million shares (3.6%), after selling 2.39 million on Feb. 4 at $9.40 each.

"Karsch Capital Management urged CSK Auto to thoroughly review its strategic alternatives, including a possible sale. Karsch Capital said that such a review would allow the board to weigh the merits of selling the company versus giving the new management team time to turn it around. "We continue to believe that a turnaround at CSK Auto should be very achievable because of the tremendous opportunity to improve the company's severely depressed operating margins," Karsch Capital said. Karsch owns 4,096,830 shares (9.32%)."

Upgraded by Credit Suisse from Neutral to Outperform

RAILROAD WITH MULTIPLE WAYS OF MAKING CASH

2-21-2007
In an amended 13D filing on CSK Auto Corp (NYSE: CAO) 9.4% holder Karsch Capital Management disclosed that on February 20, 2007, they sent another letter to the Board in which it revised the timing of its request that the company actively pursue a sale of the entire company.

Karsch said following an announcement from the company that it expects to complete its financial restatement by the end of March 2007, they now believe that the company should initiate a sale process immediately.

Downgraded by Kevin Dann from Buy to Hold

Cheap valuation. If a new mgmt team can get store economics to 50% of industry average the stock should go above $30. Catalyst, takeover by ORLY or AAP.