OPENLANE (KAR) Stock Price, News & Analysis

4 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" KAR shares.
View KAR analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12 month target prices for OPENLANE's shares. Their KAR share price targets range from $13.00 to $25.00. On average, they expect the company's stock price to reach $19.50 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for KAR or view top-rated stocks among Wall Street analysts.

OPENLANE's stock was trading at $14.81 at the beginning of 2024. Since then, KAR stock has increased by 17.8% and is now trading at $17.45.
View the best growth stocks for 2024 here.

OPENLANE saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 3,880,000 shares, an increase of 11.8% from the February 14th total of 3,470,000 shares. Based on an average daily volume of 788,900 shares, the days-to-cover ratio is presently 4.9 days. Approximately 3.7% of the shares of the stock are sold short.
View OPENLANE's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our KAR earnings forecast.

OPENLANE, Inc. (NYSE:KAR) announced its quarterly earnings results on Tuesday, February, 20th. The specialty retailer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The specialty retailer had revenue of $391.30 million for 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%. OPENLANE's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS.

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

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

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.

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).

OPENLANE's stock is owned by a variety of institutional and retail investors. Top institutional investors include 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.

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.