OPENLANE, Inc. (NYSE:KAR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of OPENLANE, Inc. (NYSE:KAR) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $30.20.

KAR has been the subject of a number of research analyst reports. Wall Street Zen cut shares of OPENLANE from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research upgraded OPENLANE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price objective on OPENLANE from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of OPENLANE in a research note on Monday, December 22nd. Finally, Barclays initiated coverage on OPENLANE in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $32.00 target price for the company.

OPENLANE Stock Performance

The stock has a fifty day moving average of $27.72 and a 200 day moving average of $27.26. OPENLANE has a one year low of $17.08 and a one year high of $30.98. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 1.53 and a beta of 1.25.

OPENLANE (NYSE:KAR) last announced its earnings results on Wednesday, November 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $498.40 million during the quarter, compared to analysts’ expectations of $464.40 million. OPENLANE had a net margin of 9.00% and a return on equity of 12.42%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. Equities analysts forecast that OPENLANE will post 0.95 earnings per share 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 completion of the transaction, the executive vice president directly owned 53,474 shares of the company’s stock, valued at approximately $1,390,324. The trade was a 62.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.51% of the company’s stock.

Institutional Trading of OPENLANE

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. raised its position in OPENLANE by 77.6% in the 2nd quarter. North Star Investment Management Corp. now owns 1,575 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 688 shares during the last quarter. Bessemer Group Inc. boosted its position in 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 buying an additional 467 shares during the last quarter. Quarry LP bought a new position in OPENLANE in the 3rd quarter valued at $48,000. Quantbot Technologies LP acquired a new stake in shares of OPENLANE in the 3rd quarter valued at $82,000. Finally, USA Financial Formulas bought a new stake in shares of OPENLANE during the third quarter worth $83,000. Institutional investors and hedge funds 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.