Jump Financial LLC Purchases Shares of 45,891 OPENLANE, Inc. (NYSE:KAR)

Jump Financial LLC purchased a new position in shares of OPENLANE, Inc. (NYSE:KAR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,891 shares of the specialty retailer's stock, valued at approximately $910,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of OPENLANE by 435.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,535 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 2,062 shares during the last quarter. KBC Group NV raised its position in OPENLANE by 51.1% during the 4th quarter. KBC Group NV now owns 5,314 shares of the specialty retailer's stock worth $105,000 after buying an additional 1,798 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of OPENLANE in the 4th quarter worth $187,000. Versor Investments LP purchased a new stake in shares of OPENLANE in the fourth quarter valued at about $254,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of OPENLANE by 15.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,092 shares of the specialty retailer's stock worth $260,000 after acquiring an additional 1,765 shares during the period. Hedge funds and other institutional investors own 99.76% of the company's stock.

OPENLANE Price Performance

KAR remained flat at $18.46 during trading on Friday. The company's stock had a trading volume of 601,201 shares, compared to its average volume of 727,580. The firm has a market capitalization of $1.97 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.38. OPENLANE, Inc. has a one year low of $15.44 and a one year high of $22.47. The stock's 50-day moving average price is $19.93 and its 200 day moving average price is $19.60.

OPENLANE (NYSE:KAR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. OPENLANE had a net margin of 6.27% and a return on equity of 9.20%. The firm had revenue of $455.00 million for the quarter, compared to analysts' expectations of $416.64 million. Equities research analysts anticipate that OPENLANE, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KAR. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of OPENLANE in a report on Friday, February 21st. Stephens raised OPENLANE from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $20.00 to $26.00 in a report on Friday, February 28th. JPMorgan Chase & Co. cut OPENLANE from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $20.00 in a research report on Thursday, March 27th. Finally, StockNews.com lowered shares of OPENLANE from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, OPENLANE has an average rating of "Moderate Buy" and a consensus target price of $22.75.

OPENLANE Profile

OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles.