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

$14.96
+0.09 (+0.61%)
(As of 12/4/2023 ET)
Compare
Today's Range
$14.81
$15.08
50-Day Range
$13.14
$15.14
52-Week Range
$12.09
$16.49
Volume
938,718 shs
Average Volume
638,388 shs
Market Capitalization
$1.62 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
25.3% 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
0.00mentions of OPENLANE in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.71%
From $0.68 to $0.78 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

25th out of 82 stocks

Automotive Dealers & Gasoline Service Stations Industry

4th out of 17 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

OPENLANE to Acquire Manheim Canada
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Openlane: Attractive Valuation Warrants A Buy
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Openlane Inc KAR
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
12/04/2023
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
$1.63 per share
Book Value
$13.94 per share

Miscellaneous

Free Float
105,058,000
Market Cap
$1.61 billion
Optionable
Optionable
Beta
1.44
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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 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 target for 2024?

4 equities research analysts have issued 12 month price targets for OPENLANE's stock. Their KAR share price targets range from $13.00 to $25.00. On average, they expect the company's stock price to reach $18.75 in the next year. This suggests a possible upside of 25.3% 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 stock has increased by 14.6% and is now trading at $14.96.
View the best growth stocks for 2023 here
.

Are investors shorting OPENLANE?

OPENLANE saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 2,920,000 shares, a decrease of 22.5% from the October 15th total of 3,770,000 shares. Based on an average trading volume of 625,200 shares, the short-interest ratio is currently 4.7 days. Approximately 2.8% of the company's shares 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, February 20th 2024.
View our KAR earnings forecast
.

How were OPENLANE's earnings last quarter?

OPENLANE, Inc. (NYSE:KAR) posted its quarterly earnings results on Wednesday, November, 1st. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive trailing twelve-month return on equity of 8.97% and a negative net margin of 8.07%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS.

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 earnings per share guidance of $0.60-$0.70 for the period, compared to the consensus 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 many different institutional and retail 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%), American Century Companies Inc. (1.51%) and William Blair Investment Management LLC (1.39%). 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 12/4/2023 by MarketBeat.com Staff

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