Openlane Inc. [KAR] stock prices are up 1.74% to $17.56 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KAR shares have gain 3.23% over the last week, with a monthly amount glided 10.37%, 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 April 10, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $20 from $16. Previously, BofA Securities downgraded its rating to Underperform on January 09, 2023, and dropped its price target to $17. On May 04, 2022, upgrade upgraded it’s rating to Market Outperform but maintained its price target of $20 on the stock. Northcoast downgraded its rating to a Neutral but stick to its price target of $20 on February 28, 2022. Guggenheim upgraded its rating to a Neutral. BofA Securities upgraded its rating to Buy for this stock on May 21, 2021, and upped its price target to $26. In a note dated February 18, 2021, Stephens downgraded an Equal-Weight rating on this stock and revised its target price from $23 to $16.
The stock price of Openlane Inc. [KAR] has been fluctuating between $12.86 and $17.63 over the past year. Openlane Inc. [NYSE: KAR] shares were valued at $17.56 at the most recent close of the market.
Analyzing the KAR fundamentals
The Openlane Inc. [NYSE:KAR] reported sales of 1.65B for trailing twelve months, representing a surge 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. 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 17.25 points at the first support level, and at 16.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.79, and for the 2nd resistance point, it is at 18.01.
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’s worth pointing out that Openlane Inc. [NYSE:KAR]’s Current Ratio is 1.15. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 1.43.
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.
