Openlane Inc. [KAR] stock is trading at $17.36, up 1.70%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KAR shares have gain 2.36% over the last week, with a monthly amount glided 8.36%, and seem to be holding up well over a long-time horizon.
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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. [KAR] stock has fluctuated between $12.66 and $17.42 over the past year. Openlane Inc. [NYSE: KAR] shares were valued at $17.36 at the most recent close of the market.
Analyzing the KAR fundamentals
Openlane Inc. [NYSE:KAR] reported sales of 1.65B for the trailing twelve months, which represents a growth of 4.96%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 17.06 points at the first support level, and at 16.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.55, and for the 2nd resistance point, it is at 17.74.
Ratios To Look Out For
For context, Openlane Inc.’s Current Ratio is 1.15. As well, the Quick Ratio is 1.15, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 1.41.
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.
