OPENLANE (KAR) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OPENLANE in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KAR shares.
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5 analysts have issued 12-month price objectives for OPENLANE's shares. Their KAR share price targets range from $13.00 to $25.00. On average, they anticipate the company's share price to reach $19.60 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
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OPENLANE's stock was trading at $14.81 at the start of the year. Since then, KAR stock has increased by 20.1% and is now trading at $17.79.
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OPENLANE saw a increase in short interest in April. As of April 30th, there was short interest totaling 3,640,000 shares, an increase of 6.1% from the April 15th total of 3,430,000 shares. Based on an average daily volume of 850,500 shares, the short-interest ratio is currently 4.3 days. Approximately 3.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
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OPENLANE, Inc. (NYSE:KAR) released its quarterly earnings data on Wednesday, May, 1st. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by $0.02. The specialty retailer had revenue of $416.30 million for the quarter, compared to the consensus estimate of $425.19 million. OPENLANE had a positive trailing twelve-month return on equity of 8.53% and a negative net margin of 9.04%. OPENLANE's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share.

ETFs with the largest weight of OPENLANE (NYSE:KAR) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI) and Fidelity Enhanced Small Cap ETF (FESM).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

OPENLANE issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of 0.770-0.870 for the period, compared to the consensus EPS estimate of 0.830. The company issued revenue guidance of -.

90 employees have rated OPENLANE Chief Executive Officer James P. Hallett on Glassdoor.com. James P. Hallett has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other OPENLANE investors own include NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Exxon Mobil (XOM), Boeing (BA), Johnson & Johnson (JNJ) and Bank of America (BAC).

OPENLANE's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.33%), Paradice Investment Management LLC (2.14%), William Blair Investment Management LLC (1.32%), Principal Financial Group Inc. (0.52%), Sei Investments Co. (0.25%) and Swiss National Bank (0.20%). Insiders that own company stock include J Mark Howell, James E Money II, James P Hallett, Michael T Kestner and Peter J Kelly.
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Shares of KAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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