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OPENLANE Stock Price, News & Analysis (NYSE:KAR)

$14.92
+0.10 (+0.67%)
(As of 11/28/2023 ET)
Compare
Today's Range
$14.66
$14.96
50-Day Range
$13.14
$15.60
52-Week Range
$12.09
$16.49
Volume
1.07 million shs
Average Volume
624,168 shs
Market Capitalization
$1.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$18.75

OPENLANE MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
25.7% Upside
$18.75 Price Target
Short Interest
Healthy
2.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.10
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
14.93%
From $0.67 to $0.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Auto/Tires/Trucks Sector

23rd out of 85 stocks

Automotive Dealers & Gasoline Service Stations Industry

2nd out of 20 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 BacklotCars, a live auction format that allows dealers to sell and source inventory in a bidding environment in the United States; TradeRev, an online automotive remarketing platform in Canada, where dealers can sell and source used vehicle inventory at any time; ADESA U.K., an online wholesale used vehicle remarketing business in the United Kingdom; and ADESA Europe, an online wholesale vehicle marketplace in Continental Europe. 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 vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and franchised and independent used vehicle dealers. 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

Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Openlane: Attractive Valuation Warrants A Buy
Openlane Inc KAR
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
OPENLANE, Inc. Q3 Earnings Summary
Preview: Openlane's Earnings
Why OPENLANE (KAR) Could Beat Earnings Estimates Again
OPENLANE to Announce Third Quarter 2023 Earnings
OPENLANE Inc.
Openlane: Looking Good Under The Hood
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
11/28/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

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
$18.75
High Stock Price Target
$25.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+25.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$241.20 million
Pretax Margin
-6.63%

Debt

Sales & Book Value

Annual Sales
$1.52 billion
Cash Flow
$1.62 per share
Book Value
$13.94 per share

Miscellaneous

Free Float
105,058,000
Market Cap
$1.61 billion
Optionable
Optionable
Beta
1.45
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Key Executives

  • Mr. Peter J. Kelly (Age 54)
    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 42)
    Executive VP & President of North American Marketplaces
    Comp: $1.33M
  • Mr. Brad S. Lakhia (Age 51)
    Executive VP & CFO
  • Mr. Scott A. Anderson (Age 57)
    Chief Accounting Officer
  • Mr. Michael Eliason
    VP of Investor Relations & Treasurer
  • Mr. Charles S. Coleman (Age 51)
    Executive VP, Chief Legal Officer & Secretary
  • Mr. Tobin Richer
    Senior Vice President of Marketing & Communications
  • Mr. Warren W. Byrd (Age 60)
    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 equities research analysts have issued "buy," "hold," and "sell" ratings for OPENLANE in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KAR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KAR, but not buy additional shares or sell existing shares.
View KAR analyst ratings
or view top-rated stocks.

What is OPENLANE's stock price target for 2024?

4 equities research analysts have issued 1 year target prices for OPENLANE's stock. Their KAR share price targets range from $13.00 to $25.00. On average, they predict the company's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 25.7% 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 2023?

OPENLANE's stock was trading at $13.05 at the start of the year. Since then, KAR shares have increased by 14.3% and is now trading at $14.92.
View the best growth stocks for 2023 here
.

Are investors shorting OPENLANE?

OPENLANE saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 2,920,000 shares, a decline of 22.5% from the October 15th total of 3,770,000 shares. Based on an average daily trading volume, of 625,200 shares, the days-to-cover ratio is currently 4.7 days. Approximately 2.8% of the shares of the company are short sold.
View OPENLANE's Short Interest
.

When is OPENLANE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our KAR earnings forecast
.

How were OPENLANE's earnings last quarter?

OPENLANE, Inc. (NYSE:KAR) issued its earnings results on Wednesday, November, 1st. The specialty retailer reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. The specialty retailer had revenue of $416.30 million for the quarter, compared to the consensus estimate of $410.66 million. OPENLANE had a negative net margin of 8.07% and a positive trailing twelve-month return on equity of 8.97%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share.

What ETF holds OPENLANE's stock ?

Invesco S&P SmallCap Industrials ETF holds 82,515 shares of KAR stock, representing 0.96% of its portfolio.

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

OPENLANE issued an update on its FY 2023 earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $0.60-$0.70 for the period, compared to the consensus EPS estimate of $0.64. 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 variety of retail and institutional investors. Top institutional investors include Burgundy Asset Management Ltd. (7.83%), Paradice Investment Management LLC (4.42%), Hawk Ridge Capital Management LP (3.43%), Charles Schwab Investment Management Inc. (1.60%), William Blair Investment Management LLC (1.39%) and Northern Trust Corp (1.15%). Insiders that own company stock include J Mark Howell, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:KAR) was last updated on 11/28/2023 by MarketBeat.com Staff

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