At the time of writing, Openlane Inc [KAR] stock is trading at $20.42, up 1.24%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KAR shares have gain 2.20% over the last week, with a monthly amount drifted -1.40%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Openlane Inc fluctuated between $12.86 and $20.85. Openlane Inc [NYSE: KAR] shares were valued at $20.42 at the most recent close of the market.
Analyzing the KAR fundamentals
According to Openlane Inc [NYSE:KAR], the company’s sales were 1.69B for trailing twelve months, which represents an 7.71% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 20.21 points at the first support level, and at 19.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.62, and for the 2nd resistance point, it is at 20.81.
Ratios To Look Out For
It is important to note that Openlane Inc [NYSE:KAR] has a current ratio of 1.08. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 108.04.
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.
