A share price of Openlane Inc. [KAR] is currently trading at $15.74, down -1.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The KAR shares have gain 4.86% over the last week, with a monthly amount glided 10.38%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations. In a post published today on Yahoo Finance, Nationwide Search to Identify Successor; EVP and CFO Brad Lakhia to Assume Treasurer Role.
From an analyst’s perspective:
Openlane Inc. [NYSE: KAR] stock has seen the most recent analyst activity on January 09, 2023, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $17 from $23. Previously, CJS Securities upgraded its rating to Market Outperform on May 04, 2022, and kept the price target unchanged to $20. On February 28, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $20 on the stock. Guggenheim upgraded its rating to a Neutral. BofA Securities upgraded its rating to a Buy and raised its price target to $26 on May 21, 2021. Stephens downgraded its rating to Equal-Weight for this stock on February 18, 2021, and downed its price target to $16. In a note dated February 17, 2021, Truist downgraded an Hold rating on this stock but restated the target price of $19.
Openlane Inc. experienced fluctuations in its stock price throughout the past year between $12.19 and $16.49. Openlane Inc. [NYSE: KAR] shares were valued at $15.74 at the most recent close of the market.
Analyzing the KAR fundamentals
Trailing Twelve Months sales for Openlane Inc. [NYSE:KAR] were 1.65B which represents 4.96% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.08 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.63 points at the first support level, and at 15.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.95, and for the 2nd resistance point, it is at 16.15.
Openlane Inc. [KAR] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of $0.03 and a surprise factor of 23.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.18 per share as compared to estimates of $0.15 per share, a difference of $0.03 representing a surprise of 20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Openlane Inc. [NYSE:KAR] is 1.15. On the other hand, the Quick Ratio is 1.15, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.28.
Transactions by insiders
Recent insider trading involved Kelly Peter J, Chief Executive Officer, that happened on Feb 27 when 24000.0 shares were purchased. Chief Executive Officer, Kelly Peter J completed a deal on Feb 26 to buy 10000.0 shares.
