Aquatic Capital Management LLC Increases Stock Position in OPENLANE, Inc. (NYSE:KAR)

Aquatic Capital Management LLC grew its stake 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 SEC. The institutional investor 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 recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in shares of OPENLANE in the fourth quarter valued at $34,000. Smartleaf Asset Management LLC lifted its stake in shares of OPENLANE by 435.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,535 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 2,062 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in OPENLANE during the 4th quarter valued at approximately $68,000. KBC Group NV increased its holdings 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 purchasing an additional 1,798 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of OPENLANE during the 4th quarter valued at approximately $187,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Analyst Ratings Changes

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

OPENLANE Trading Up 14.2 %

NYSE:KAR traded up $2.72 on Thursday, hitting $21.89. The company's stock had a trading volume of 655,057 shares, compared to its average volume of 780,700. OPENLANE, Inc. has a one year low of $15.44 and a one year high of $22.47. The stock has a fifty day moving average of $19.55 and a two-hundred day moving average of $19.71. The firm has a market capitalization of $2.35 billion, a P/E ratio of 41.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32.

OPENLANE (NYSE:KAR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $460.10 million during the quarter, compared to the consensus estimate of $445.70 million. OPENLANE had a return on equity of 9.20% and a net margin of 6.27%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, sell-side analysts anticipate that OPENLANE, Inc. will post 0.95 EPS for the current year.

OPENLANE Company 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.