OPENLANE, Inc. (NYSE:KAR) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC grew its holdings in shares of OPENLANE, Inc. (NYSE:KAR - Free Report) by 404.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,177 shares of the specialty retailer's stock after purchasing an additional 15,377 shares during the period. Aquatic Capital Management LLC's holdings in OPENLANE were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Johnson Financial Group Inc. purchased a new position in OPENLANE in the fourth quarter worth $68,000. Quantessence Capital LLC acquired a new stake in shares of OPENLANE in the fourth quarter valued at about $202,000. Massar Capital Management LP purchased a new stake in OPENLANE during the fourth quarter worth about $298,000. TFJ Management LLC acquired a new position in OPENLANE during the fourth quarter worth about $14,465,000. Finally, MetLife Investment Management LLC increased its holdings in OPENLANE by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 65,486 shares of the specialty retailer's stock valued at $1,299,000 after buying an additional 3,600 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

OPENLANE Stock Performance

OPENLANE stock traded up $0.15 during midday trading on Monday, reaching $19.14. 599,128 shares of the company were exchanged, compared to its average volume of 713,580. The firm's 50-day simple moving average is $19.66 and its 200-day simple moving average is $19.71. OPENLANE, Inc. has a 1 year low of $15.44 and a 1 year high of $22.47. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 1.85 and a beta of 1.32.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stephens raised OPENLANE from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $20.00 to $26.00 in a research note on Friday, February 28th. StockNews.com cut OPENLANE from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered shares of OPENLANE from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $23.00 to $20.00 in a research report on Thursday, March 27th. Finally, Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of OPENLANE in a report on Friday, February 21st.

About OPENLANE

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.