Universal Beteiligungs und Servicegesellschaft mbH Takes Position in OPENLANE, Inc. $KAR

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of OPENLANE, Inc. (NYSE:KAR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,470 shares of the specialty retailer’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its holdings in OPENLANE by 1.3% during the second quarter. Maryland State Retirement & Pension System now owns 31,558 shares of the specialty retailer’s stock valued at $772,000 after buying an additional 409 shares during the period. Verdence Capital Advisors LLC grew its stake in OPENLANE by 2.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 23,605 shares of the specialty retailer’s stock worth $577,000 after buying an additional 455 shares during the last quarter. Bank of Montreal Can raised its stake in OPENLANE by 2.7% in the second quarter. Bank of Montreal Can now owns 17,845 shares of the specialty retailer’s stock valued at $436,000 after buying an additional 471 shares during the last quarter. CWM LLC grew its stake in shares of OPENLANE by 13.3% during the second quarter. CWM LLC now owns 4,756 shares of the specialty retailer’s stock worth $116,000 after acquiring an additional 558 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of OPENLANE by 1.4% in the 2nd quarter. Yousif Capital Management LLC now owns 40,160 shares of the specialty retailer’s stock valued at $982,000 after purchasing an additional 567 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

OPENLANE Price Performance

Shares of NYSE:KAR opened at $25.44 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33. The business’s 50 day moving average price is $26.49 and its 200-day moving average price is $25.90. OPENLANE, Inc. has a 1 year low of $17.08 and a 1 year high of $30.93.

OPENLANE (NYSE:KAR) last posted its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $498.40 million during the quarter, compared to analysts’ expectations of $464.40 million. OPENLANE had a net margin of 8.18% and a return on equity of 11.65%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. On average, sell-side analysts expect that OPENLANE, Inc. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

KAR has been the subject of several research reports. Barclays started coverage on shares of OPENLANE in a research note on Tuesday, November 11th. They set an “overweight” rating and a $32.00 price objective for the company. Zacks Research raised shares of OPENLANE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Stephens increased their price target on OPENLANE from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. raised their target price on OPENLANE from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of OPENLANE from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.20.

About OPENLANE

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.