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

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

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on OPENLANE from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Zacks Research raised OPENLANE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of OPENLANE in a research report on Monday. Stephens upped their target price on OPENLANE from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Finally, Wall Street Zen downgraded OPENLANE from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

OPENLANE Stock Performance

Shares of NYSE KAR opened at $30.77 on Wednesday. OPENLANE has a one year low of $17.08 and a one year high of $30.98. The firm has a market capitalization of $3.27 billion, a P/E ratio of 35.37, a PEG ratio of 1.51 and a beta of 1.25. The company’s fifty day moving average is $26.60 and its two-hundred day moving average is $26.56.

OPENLANE (NYSE:KAR) last announced its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm 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 business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. On average, sell-side 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 OPENLANE stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $26.00, for a total transaction of $2,289,612.00. Following the completion of the transaction, the executive vice president owned 53,474 shares in the company, 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 link. Company insiders own 2.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. lifted its stake 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 valued at $39,000 after buying an additional 688 shares in the last quarter. Bessemer Group Inc. increased its position in OPENLANE by 46.3% during the third quarter. Bessemer Group Inc. now owns 1,475 shares of the specialty retailer’s stock worth $43,000 after buying an additional 467 shares in the last quarter. Quarry LP acquired a new position in shares of OPENLANE in the third quarter worth $48,000. Smartleaf Asset Management LLC lifted its position in shares of OPENLANE by 29.0% in the first quarter. Smartleaf Asset Management LLC now owns 3,270 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 735 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of OPENLANE in the first quarter valued at $75,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.