OPENLANE, Inc. (NYSE:KAR) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC cut its holdings in shares of OPENLANE, Inc. (NYSE:KAR - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,342 shares of the specialty retailer's stock after selling 15,448 shares during the quarter. Keeley Teton Advisors LLC owned about 0.09% of OPENLANE worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 2,062 shares during the period. KBC Group NV boosted its position in shares of 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 period. Pacer Advisors Inc. acquired a new stake in OPENLANE in the 4th quarter valued at approximately $187,000. Versor Investments LP purchased a new stake in OPENLANE in the fourth quarter valued at approximately $254,000. Finally, Pictet Asset Management Holding SA lifted its stake in 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 purchasing an additional 1,765 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

OPENLANE Stock Down 1.9 %

NYSE KAR traded down $0.36 during trading hours on Monday, hitting $18.36. 80,207 shares of the company were exchanged, compared to its average volume of 729,967. The company has a 50 day moving average of $20.13 and a two-hundred day moving average of $19.51. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.85 and a beta of 1.38. OPENLANE, Inc. has a 52-week low of $15.44 and a 52-week high of $22.47.

OPENLANE (NYSE:KAR - Get Free Report) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $0.21 earnings per share for the quarter, topping 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 analyst estimates of $416.64 million. On average, equities research analysts predict that OPENLANE, Inc. will post 0.95 EPS for the current year.

Analysts Set New Price Targets

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