At the time of writing, Openlane Inc. [KAR] stock is trading at $16.50, up 1.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The KAR shares have gain 3.71% over the last week, with a monthly amount glided 15.71%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, OPENLANE Announces Participation in Upcoming Investor Conference. In a post published today on Yahoo Finance, OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the BofA Securities Automotive Summit 2024 on Wednesday, Mar. 27, 2024, at 8:50am ET. Participating in the conference will be OPENLANE’s Peter Kelly, CEO, James Coyle, EVP and President, North American Marketplaces and Mike Eliason, Treasurer and VP, Investor Relations.
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.
For the past year, the stock price of Openlane Inc. fluctuated between $12.19 and $16.49. Openlane Inc. [NYSE: KAR] shares were valued at $16.50 at the most recent close of the market.
Analyzing the KAR fundamentals
According to Openlane Inc. [NYSE:KAR], the company’s sales were 1.65B for trailing twelve months, which represents an 4.96% jump. 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 16.27 points at the first support level, and at 16.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.61, and for the 2nd resistance point, it is at 16.73.
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
It is important to note that Openlane Inc. [NYSE:KAR] has a current ratio of 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 1.08, the price to book ratio is 1.34.
Transactions by insiders
Recent insider trading involved Money James E. II, AFC President, that happened on Mar 11 ’24 when 14822.0 shares were sold. Chief Executive Officer, Kelly Peter J completed a deal on Feb 27 ’24 to buy 24000.0 shares. Meanwhile, Chief Executive Officer Kelly Peter J bought 10000.0 shares on Feb 26 ’24.
