NYSE:KAR

OPENLANE (KAR) Stock Price, News & Analysis

$17.57
+0.56 (+3.29%)
(As of 04/23/2024 ET)
Today's Range
$16.88
$17.65
50-Day Range
$13.77
$17.56
52-Week Range
$12.86
$17.70
Volume
886,647 shs
Average Volume
776,804 shs
Market Capitalization
$1.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.50

OPENLANE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.0% Upside
$19.50 Price Target
Short Interest
Bearish
3.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.06
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$234,632 Sold Last Quarter
Proj. Earnings Growth
20.48%
From $0.83 to $1.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.90 out of 5 stars

Auto/Tires/Trucks Sector

21st out of 79 stocks

Automotive Dealers & Gasoline Service Stations Industry

4th out of 18 stocks

KAR stock logo

About OPENLANE Stock (NYSE:KAR)

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. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

KAR Stock Price History

KAR Stock News Headlines

OPENLANE (KAR) to Release Quarterly Earnings on Wednesday
OPENLANE to Announce First Quarter 2024 Earnings
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KAR Apr 2024 15.000 call
KAR Auction Services Inc (XKR.DU)
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Openlane Inc (KAR) CEO Peter Kelly Acquires 34,000 Shares
Recap: Openlane Q4 Earnings
OPENLANE, Inc. Q4 Profit Decreases, but beats estimates
OPENLANE, Inc. Reports 2023 Financial Results
OPENLANE, Inc. Reports 2023 Financial Results
Vestis declares $0.035 dividend
KAR Auction Q4 2023 Earnings Preview
A Preview Of Openlane's Earnings
OPENLANE Promotes Will Mitchell to Lead AFC
OPENLANE Promotes Will Mitchell to Lead AFC
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Diversified Support Services
CUSIP
48238T10
Employees
4,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.50
High Stock Price Target
$25.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-154,100,000.00
Pretax Margin
-8.91%

Debt

Sales & Book Value

Annual Sales
$1.65 billion
Cash Flow
$2.05 per share
Book Value
$12.28 per share

Miscellaneous

Free Float
105,086,000
Market Cap
$1.90 billion
Optionable
Optionable
Beta
1.45
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Key Executives

  • Mr. Peter J. Kelly (Age 55)
    CEO & Director
    Comp: $1.02M
  • Mr. Sriram Subrahmanyam Ph.D. (Age 53)
    EVP of Operations and President of Services & International Markets
    Comp: $602.18k
  • Mr. James P. Coyle (Age 43)
    Executive VP & President of North American Marketplaces
    Comp: $1.33M
  • Mr. Brad S. Lakhia (Age 52)
    Executive VP & CFO
  • Mr. Scott A. Anderson (Age 58)
    Chief Accounting Officer
  • Mr. Michael Eliason
    VP of Investor Relations & Treasurer
  • Mr. Charles S. Coleman (Age 52)
    Executive VP, Chief Legal Officer & Secretary
  • Mr. Tobin P. Richer (Age 50)
    Executive Vice President of Marketing & Communications
  • Mr. Warren W. Byrd (Age 61)
    Executive Vice President of Corporate Development & Real Estate
  • Patrick Ming
    Executive Sales Director

KAR Stock Analysis - Frequently Asked Questions

Should I buy or sell OPENLANE stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OPENLANE in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KAR shares.
View KAR analyst ratings
or view top-rated stocks.

What is OPENLANE's stock price target for 2024?

4 brokers have issued twelve-month target prices for OPENLANE's stock. Their KAR share price targets range from $13.00 to $25.00. On average, they anticipate the company's share price to reach $19.50 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for KAR
or view top-rated stocks among Wall Street analysts.

How have KAR shares performed in 2024?

OPENLANE's stock was trading at $14.81 at the beginning of the year. Since then, KAR stock has increased by 18.6% and is now trading at $17.57.
View the best growth stocks for 2024 here
.

When is OPENLANE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our KAR earnings forecast
.

How can I listen to OPENLANE's earnings call?

OPENLANE will be holding an earnings conference call on Wednesday, May 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were OPENLANE's earnings last quarter?

OPENLANE, Inc. (NYSE:KAR) released its quarterly earnings results on Tuesday, February, 20th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The specialty retailer earned $391.30 million during the quarter, compared to analysts' expectations of $392.56 million. OPENLANE had a negative net margin of 9.37% and a positive trailing twelve-month return on equity of 7.49%. The company's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS.

What ETF holds OPENLANE's stock?

Invesco FTSE RAFI US 1500 Small-Mid ETF holds 292,027 shares of KAR stock, representing 0.22% of its portfolio.

What guidance has OPENLANE issued on next quarter's earnings?

OPENLANE issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 0.770-0.870 for the period, compared to the consensus earnings per share estimate of 0.770. The company issued revenue guidance of -.

What is James P. Hallett's approval rating as OPENLANE's CEO?

90 employees have rated OPENLANE Chief Executive Officer James P. Hallett on Glassdoor.com. James P. Hallett has an approval rating of 78% among the company's employees.

What other stocks do shareholders of OPENLANE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OPENLANE investors own include NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Exxon Mobil (XOM), Boeing (BA), Johnson & Johnson (JNJ) and Bank of America (BAC).

Who are OPENLANE's major shareholders?

OPENLANE's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.06%) and Los Angeles Capital Management LLC (0.01%). Insiders that own company stock include J Mark Howell, James E Money II, James P Hallett, Michael T Kestner and Peter J Kelly.
View institutional ownership trends
.

How do I buy shares of OPENLANE?

Shares of KAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KAR) was last updated on 4/24/2024 by MarketBeat.com Staff

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