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 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 .

What is OPENLANE's stock price target for 2024?

4 analysts have issued 1 year price targets for OPENLANE's shares. Their KAR share price targets range from $13.00 to $25.00. On average, they predict the company's share price to reach $19.50 in the next year. This suggests a possible upside of 14.8% 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 on January 1st, 2024. Since then, KAR shares have increased by 14.7% and is now trading at $16.99. 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) announced its earnings results on Tuesday, February, 20th. The specialty retailer reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The specialty retailer earned $391.30 million during the quarter, compared to analyst estimates of $392.56 million. OPENLANE had a positive trailing twelve-month return on equity of 7.49% and a negative net margin of 9.37%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share.

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 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 investors 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 .

NYSE:KAR

OPENLANE (KAR) Stock Price, News & Analysis

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$16.99

-0.09 (-0.53%)

(As of 04:10 PM ET)

Compare

Today's Range: $16.83
▼
$17.30
50-Day Range: $13.77
▼
$17.56
52-Week Range: $12.86
▼
$17.70

Volume: 1.00 million shs
Average Volume: 725,233 shs
Market Capitalization: $1.84 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.50

Get OPENLANE alerts:

OPENLANE MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 14.8% 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: 0.17
Based on 3 Articles This Week
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.

4.13 out of 5 stars

Auto/Tires/Trucks Sector

22nd out of 77 stocks

Automotive Dealers & Gasoline Service Stations Industry

3rd out of 17 stocks

2.3

Analyst's Opinion

Consensus Rating
OPENLANE has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
OPENLANE has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.70% of the float of OPENLANE has been sold short.
Short Interest Ratio / Days to Cover
OPENLANE has a short interest ratio ("days to cover") of 5.5.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
OPENLANE does not currently pay a dividend.
Dividend Growth
OPENLANE does not have a long track record of dividend growth.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
OPENLANE has received a 10.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Online auction platforms for buses", "Online auction platforms for passenger cars", and "Online auction platforms for vehicles" products. See details.
Environmental Sustainability
The Environmental Impact score for OPENLANE is -2.06.

2.9

News and Social Media Coverage

News Sentiment
OPENLANE has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for OPENLANE this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for KAR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
4 people have added OPENLANE to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OPENLANE insiders have sold 57.79% more of their company's stock than they have bought. Specifically, they have bought $148,700.00 in company stock and sold $234,632.00 in company stock.
Percentage Held by Insiders
Only 2.74% of the stock of OPENLANE is held by insiders.
Percentage Held by Institutions
99.76% of the stock of OPENLANE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for OPENLANE are expected to grow by 20.48% in the coming year, from $0.83 to $1.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of OPENLANE is -9.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of OPENLANE is -9.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
OPENLANE has a PEG Ratio of 0.93. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
OPENLANE has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

KAR Stock News Headlines

April 16, 2024 | finance.yahoo.com

OPENLANE to Announce First Quarter 2024 Earnings

April 13, 2024 | americanbankingnews.com

Brokerages Set OPENLANE, Inc. (NYSE:KAR) PT at $18.75

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

April 12, 2024 | americanbankingnews.com

Bank of America Upgrades OPENLANE (NYSE:KAR) to Neutral

March 16, 2024 | finance.yahoo.com

KAR Apr 2024 15.000 call

March 15, 2024 | actusnews.com

Altamir's NAV on par with historical high of 2021, including dividends paid in 2022 and 2023

March 15, 2024 | finance.yahoo.com

Are Auto-Tires-Trucks Stocks Lagging OPENLANE, Inc. (KAR) This Year?

March 14, 2024 | prnewswire.com

OPENLANE Announces Participation in Upcoming Investor Conference

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

March 12, 2024 | finance.yahoo.com

KAR Auction Services Inc (XKR.DU)

February 28, 2024 | uk.finance.yahoo.com

Openlane Inc (KAR) CEO Peter Kelly Acquires 34,000 Shares

February 27, 2024 | finance.yahoo.com

OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations

February 27, 2024 | prnewswire.com

OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations

February 22, 2024 | msn.com

Openlane files to sell 36.05M shares of common stock for holders

February 21, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Kar Auction Services Following Strong Q4 Performance and Positive Outlook

February 21, 2024 | markets.businessinsider.com

John Murphy Issues Sell Rating for Kar Auction Services Amidst Marketplace Challenges and Industry Pressures

February 21, 2024 | finance.yahoo.com

KAR Auction Services, Inc. (NYSE:KAR) Q4 2023 Earnings Call Transcript

February 20, 2024 | msn.com

KAR Auction Non-GAAP EPS of $0.16 beats by $0.03, revenue of $391.3M misses by $1.68M

February 20, 2024 | benzinga.com

Recap: Openlane Q4 Earnings

February 20, 2024 | markets.businessinsider.com

OPENLANE, Inc. Q4 Profit Decreases, but beats estimates

February 20, 2024 | finance.yahoo.com

OPENLANE, Inc. Reports 2023 Financial Results

February 20, 2024 | finance.yahoo.com

Openlane Inc (KAR) Reports Revenue Growth and Margin Expansion Despite Loss from Operations in 2023

February 20, 2024 | prnewswire.com

OPENLANE, Inc. Reports 2023 Financial Results

February 20, 2024 | msn.com

Vestis declares $0.035 dividend

February 20, 2024 | msn.com

KAR Auction Q4 2023 Earnings Preview

February 19, 2024 | benzinga.com

A Preview Of Openlane's Earnings

February 13, 2024 | finance.yahoo.com

OPENLANE Promotes Will Mitchell to Lead AFC

See More Headlines

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Company Calendar

Last Earnings: 2/20/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Auto/Tires/Trucks
Industry: Automotive dealers & gasoline service stations
Sub-Industry: Diversified Support Services
Current Symbol: NYSE:KAR
CUSIP: 48238T10
CIK: 1395942
Web: www.karauctionservices.com
Phone: (800) 923-3725
Fax: 317-843-4898
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: +14.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.83)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 20.58
P/E Growth: 0.93
Net Income: $-154,100,000.00
Net Margins: -9.37%
Pretax Margin: -8.91%
Return on Equity: 7.49%
Return on Assets: 2.11%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 1.15
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $1.65 billion
Price / Sales: 1.12
Cash Flow: $1.97 per share
Price / Cash Flow: 8.66
Book Value: $12.28 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 108,050,000
Free Float: 105,086,000
Market Cap: $1.85 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 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.
What is OPENLANE's stock price target for 2024?: 4 analysts have issued 1 year price targets for OPENLANE's shares. Their KAR share price targets range from $13.00 to $25.00. On average, they predict the company's share price to reach $19.50 in the next year. This suggests a possible upside of 14.8% 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 on January 1st, 2024. Since then, KAR shares have increased by 14.7% and is now trading at $16.99.
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) announced its earnings results on Tuesday, February, 20th. The specialty retailer reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The specialty retailer earned $391.30 million during the quarter, compared to analyst estimates of $392.56 million. OPENLANE had a positive trailing twelve-month return on equity of 7.49% and a negative net margin of 9.37%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share.

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 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 investors 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 4/19/2024 by MarketBeat.com Staff

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OPENLANE (KAR) Stock Price, News & Analysis

OPENLANE MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About OPENLANE Stock (NYSE:KAR)

KAR Stock Price History

KAR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

KAR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™