OPENLANE, Inc. (NYSE:KAR) Receives $18.75 Consensus Target Price from Analysts

Shares of OPENLANE, Inc. (NYSE:KAR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the four research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $19.50.

Several research firms have recently issued reports on KAR. Bank of America raised OPENLANE from an "underperform" rating to a "neutral" rating and upped their target price for the company from $16.00 to $20.00 in a report on Wednesday. Barrington Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of OPENLANE in a report on Wednesday, February 21st.

Insider Transactions at OPENLANE

In related news, insider James E. Money II sold 14,822 shares of OPENLANE stock in a transaction on Monday, March 11th. The stock was sold at an average price of $15.83, for a total transaction of $234,632.26. Following the completion of the sale, the insider now owns 44,604 shares of the company's stock, valued at $706,081.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider James E. Money II sold 14,822 shares of OPENLANE stock in a transaction on Monday, March 11th. The stock was sold at an average price of $15.83, for a total transaction of $234,632.26. Following the completion of the sale, the insider now owns 44,604 shares of the company's stock, valued at $706,081.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter J. Kelly purchased 10,000 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $14.87 per share, for a total transaction of $148,700.00. Following the transaction, the chief executive officer now directly owns 323,355 shares of the company's stock, valued at $4,808,288.85. The disclosure for this purchase can be found here. Corporate insiders own 2.74% of the company's stock.

Institutional Trading of OPENLANE

Several large investors have recently bought and sold shares of KAR. Vanguard Group Inc. raised its stake in OPENLANE by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 13,185,743 shares of the specialty retailer's stock valued at $238,002,000 after buying an additional 549,574 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of OPENLANE by 2.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 8,690,866 shares of the specialty retailer's stock valued at $128,712,000 after purchasing an additional 236,138 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of OPENLANE by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,059,333 shares of the specialty retailer's stock valued at $104,550,000 after purchasing an additional 399,073 shares during the last quarter. State Street Corp boosted its holdings in shares of OPENLANE by 2.0% during the 2nd quarter. State Street Corp now owns 4,405,042 shares of the specialty retailer's stock valued at $65,062,000 after purchasing an additional 86,181 shares during the last quarter. Finally, Hawk Ridge Capital Management LP lifted its holdings in shares of OPENLANE by 5.3% in the 4th quarter. Hawk Ridge Capital Management LP now owns 3,900,178 shares of the specialty retailer's stock valued at $57,762,000 after acquiring an additional 195,200 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

OPENLANE Stock Down 0.2 %

KAR traded down $0.03 during midday trading on Wednesday, reaching $17.26. 860,476 shares of the company were exchanged, compared to its average volume of 715,114. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.15. The company's fifty day moving average price is $15.70 and its 200 day moving average price is $14.93. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -9.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.45. OPENLANE has a one year low of $12.86 and a one year high of $17.63.

OPENLANE (NYSE:KAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The specialty retailer reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $391.30 million during the quarter, compared to analyst estimates of $392.56 million. OPENLANE had a positive return on equity of 7.49% and a negative net margin of 9.37%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. As a group, analysts expect that OPENLANE will post 0.83 EPS for the current year.

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.