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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:KAR

OPENLANE (KAR) Stock Price, News & Analysis

$17.30
-0.02 (-0.12%)
(As of 03/28/2024 ET)
Today's Range
$17.12
$17.36
50-Day Range
$13.77
$17.32
52-Week Range
$12.66
$17.36
Volume
900,301 shs
Average Volume
712,634 shs
Market Capitalization
$1.87 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$18.75

OPENLANE MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.4% Upside
$18.75 Price Target
Short Interest
Bearish
3.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.07
Upright™ Environmental Score
News Sentiment
N/A
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.

3.77 out of 5 stars

Auto/Tires/Trucks Sector

24th out of 79 stocks

Automotive Dealers & Gasoline Service Stations Industry

5th out of 19 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 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

KAR Stock News Headlines

Short Interest in OPENLANE, Inc. (NYSE:KAR) Rises By 11.8%
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
KAR Apr 2024 15.000 call
KAR Auction Services Inc (XKR.DU)
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Openlane Inc (KAR) CEO Peter Kelly Acquires 34,000 Shares
Recap: Openlane Q4 Earnings
OPENLANE, Inc. Q4 Profit Decreases, but beats estimates
OPENLANE, Inc. Reports 2023 Financial Results
OPENLANE, Inc. Reports 2023 Financial Results
Vestis declares $0.035 dividend
KAR Auction Q4 2023 Earnings Preview
A Preview Of Openlane's Earnings
OPENLANE Promotes Will Mitchell to Lead AFC
OPENLANE Promotes Will Mitchell to Lead AFC
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
3/28/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

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
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-154,100,000.00
Pretax Margin
-8.91%

Debt

Sales & Book Value

Annual Sales
$1.65 billion
Cash Flow
$2.02 per share
Book Value
$12.28 per share

Miscellaneous

Free Float
105,086,000
Market Cap
$1.87 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

KAR Stock Analysis - Frequently Asked Questions

Should I buy or sell OPENLANE stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OPENLANE in the last twelve months. There are currently 1 hold rating 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?

3 brokerages have issued 12 month 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 year. This suggests a possible upside of 8.4% 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 stock has increased by 16.8% and is now trading at $17.30.
View the best growth stocks for 2024 here
.

Are investors shorting OPENLANE?

OPENLANE saw a increase in short interest during 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 trading volume of 788,900 shares, the days-to-cover ratio is currently 4.9 days. Approximately 3.7% of the company's 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, May 7th 2024.
View our KAR earnings forecast
.

How were OPENLANE's earnings last quarter?

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 the consensus estimate 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%. OPENLANE's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 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 updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of 0.770-0.870 for the period, compared to the consensus EPS 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.35%), Vanguard Group Inc. (11.35%), Burgundy Asset Management Ltd. (8.05%), Dimensional Fund Advisors LP (6.54%), Hawk Ridge Capital Management LP (3.61%) and Paradice Investment Management LLC (2.84%). 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 3/29/2024 by MarketBeat.com Staff

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