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NYSE:KAR

OPENLANE (KAR) Stock Forecast, Price & News

$15.13
+0.03 (+0.20%)
(As of 05:19 PM ET)
Compare
Today's Range
$15.02
$15.30
50-Day Range
$14.68
$15.90
52-Week Range
$11.15
$16.49
Volume
702,781 shs
Average Volume
606,704 shs
Market Capitalization
$1.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.00

OPENLANE MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
25.2% Upside
$19.00 Price Target
Short Interest
Bearish
3.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.58
Upright™ Environmental Score
News Sentiment
0.21mentions of OPENLANE in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.94%
From $0.64 to $0.71 Per Share

Overall MarketRank

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

2.09 out of 5 stars

Auto/Tires/Trucks Sector

54th out of 95 stocks

Automotive Dealers & Gasoline Service Stations Industry

7th out of 21 stocks


KAR stock logo

About OPENLANE (NYSE:KAR) Stock

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 Price History

KAR Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
OPENLANE Inc.
Openlane: Looking Good Under The Hood
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
OPENLANE: Q2 Earnings Snapshot
OPENLANE, Inc. Q2 Earnings Summary
OPENLANE to Announce Second Quarter 2023 Earnings
See More Headlines
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KAR Company Calendar

Last Earnings
8/03/2023
Today
9/28/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$19.00
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$241.20 million
Pretax Margin
-7.86%

Debt

Sales & Book Value

Annual Sales
$1.52 billion
Cash Flow
$1.64 per share
Book Value
$13.94 per share

Miscellaneous

Free Float
106,456,000
Market Cap
$1.66 billion
Optionable
Optionable
Beta
1.43
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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 Pres of Services & International Markets
    Comp: $602.18k
  • Mr. James P. Coyle (Age 42)
    Exec. VP & Pres of North American Marketplaces
    Comp: $1.33M
  • Mr. Brad S. Lakhia (Age 51)
    Exec. 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)
    Exec. VP, Chief Legal Officer & Sec.
  • Mr. Tobin Richer
    Sr. VP of Marketing & Communications
  • Mr. Warren W. Byrd (Age 60)
    Exec. VP of Corp. Devel. & Real Estate
  • Patrick Ming
    Exec. Sales Director













KAR Stock - 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 twelve months. 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 forecast for 2023?

4 brokerages have issued 1 year price objectives for OPENLANE's stock. Their KAR share price forecasts range from $13.00 to $25.00. On average, they anticipate the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 25.2% 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 on January 1st, 2023. Since then, KAR shares have increased by 16.3% and is now trading at $15.18.
View the best growth stocks for 2023 here
.

Are investors shorting OPENLANE?

OPENLANE saw a drop in short interest in August. As of August 31st, there was short interest totaling 3,570,000 shares, a drop of 17.9% from the August 15th total of 4,350,000 shares. Based on an average daily trading volume, of 575,600 shares, the short-interest ratio is currently 6.2 days. Currently, 3.3% of the shares of the stock are sold short.
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, November 7th 2023.
View our KAR earnings forecast
.

How were OPENLANE's earnings last quarter?

OPENLANE, Inc. (NYSE:KAR) released its earnings results on Thursday, August, 3rd. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.11. The specialty retailer earned $416.90 million during the quarter, compared to the consensus estimate of $419.64 million. OPENLANE had a negative net margin of 9.34% and a positive trailing twelve-month return on equity of 7.81%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned ($0.04) 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 updated its FY23 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $0.60-$0.70 for the period, compared to the consensus earnings per share estimate of $0.49.

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).

What is OPENLANE's stock symbol?

OPENLANE trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAR."

Who are OPENLANE's major shareholders?

OPENLANE's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.91%), Burgundy Asset Management Ltd. (7.56%), Dimensional Fund Advisors LP (6.02%), Snyder Capital Management L P (5.13%), Paradice Investment Management LLC (4.46%) and Cardinal Capital Management LLC CT (4.24%). Insiders that own company stock include J Mark Howell, James P Hallett, Mary Ellen Smith, 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.

What is OPENLANE's stock price today?

One share of KAR stock can currently be purchased for approximately $15.18.

How much money does OPENLANE make?

OPENLANE (NYSE:KAR) has a market capitalization of $1.66 billion and generates $1.52 billion in revenue each year. The specialty retailer earns $241.20 million in net income (profit) each year or ($1.83) on an earnings per share basis.

How many employees does OPENLANE have?

The company employs 4,500 workers across the globe.

How can I contact OPENLANE?

OPENLANE's mailing address is 11299 N. Illinois Street, CARMEL IN, 46032. The official website for the company is www.karauctionservices.com. The specialty retailer can be reached via phone at (800) 923-3725, via email at mike.eliason@karauctionservices.com, or via fax at 317-843-4898.

This page (NYSE:KAR) was last updated on 9/28/2023 by MarketBeat.com Staff

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