Openlane Inc [KAR] stock is trading at $19.98, down -1.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The KAR shares have lost -3.01% over the last week, with a monthly amount glided 0.55%, 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 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.
Openlane Inc [KAR] stock has fluctuated between $12.86 and $20.85 over the past year. Openlane Inc [NYSE: KAR] shares were valued at $19.98 at the most recent close of the market.
Analyzing the KAR fundamentals
Openlane Inc [NYSE:KAR] reported sales of 1.69B for the trailing twelve months, which represents a growth of 7.71%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 19.56 points at the first support level, and at 19.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.58, and for the 2nd resistance point, it is at 21.17.
Ratios To Look Out For
For context, Openlane Inc’s Current Ratio is 1.08. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 105.71.
Transactions by insiders
Recent insider trading involved Lakhia Brad S., EVP & CFO, that happened on Nov 13 ’24 when 4985.0 shares were purchased. EVP, President NA Marketplaces, Coyle James P completed a deal on May 15 ’24 to sell 6000.0 shares. Meanwhile, AFC President Money James E. II sold 14822.0 shares on Mar 11 ’24.
