OPENLANE (NYSE:KAR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of OPENLANE, Inc. (NYSE:KAR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.12 and traded as high as $30.93. OPENLANE shares last traded at $30.88, with a volume of 311,172 shares.

Analysts Set New Price Targets

KAR has been the subject of several research analyst reports. Zacks Research raised OPENLANE from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of OPENLANE from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wall Street Zen lowered shares of OPENLANE from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Barclays assumed coverage on shares of OPENLANE in a research report on Tuesday, November 11th. They set an “overweight” rating and a $32.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of OPENLANE in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, OPENLANE presently has an average rating of “Moderate Buy” and an average target price of $30.20.

OPENLANE Stock Up 0.4%

The stock has a 50-day moving average of $27.45 and a 200 day moving average of $27.12. The stock has a market cap of $3.28 billion, a PE ratio of 35.49, a P/E/G ratio of 1.53 and a beta of 1.25.

OPENLANE (NYSE:KAR) last posted its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $498.40 million for the quarter, compared to analyst estimates of $464.40 million. OPENLANE had a return on equity of 12.42% and a net margin of 9.00%.The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. Research analysts forecast that OPENLANE, Inc. will post 0.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other OPENLANE news, EVP Charles S. Coleman sold 88,062 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $26.00, for a total value of $2,289,612.00. Following the transaction, the executive vice president directly owned 53,474 shares in the company, valued at $1,390,324. The trade was a 62.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.51% of the stock is owned by insiders.

Institutional Trading of OPENLANE

Several institutional investors have recently made changes to their positions in KAR. North Star Investment Management Corp. grew its position in OPENLANE by 77.6% in the second quarter. North Star Investment Management Corp. now owns 1,575 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 688 shares during the period. Bessemer Group Inc. lifted its stake in shares of OPENLANE by 46.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,475 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 467 shares during the last quarter. Quarry LP purchased a new position in shares of OPENLANE during the 3rd quarter worth $48,000. Quantbot Technologies LP purchased a new position in shares of OPENLANE during the 3rd quarter worth $82,000. Finally, USA Financial Formulas acquired a new stake in shares of OPENLANE during the 3rd quarter worth about $83,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

OPENLANE Company Profile

OPENLANE (NYSE: KAR) operates a leading digital marketplace and full-service remarketing platform for used vehicles. The company provides both online and physical auction solutions, leveraging proprietary technology to connect sellers—including automotive manufacturers, dealer groups, rental and fleet operators—to a broad network of independent and franchise dealers. Through its platform, users can access real-time bidding, vehicle inspection reports, pricing guides and comprehensive data analytics to optimize transaction outcomes.

The company’s core offerings include a cloud-based auction management system, digital lane software, mobile bidding applications and marketing services designed to maximize vehicle turn times and resale values.