A share price of Openlane Inc [KAR] is currently trading at $21.42, up 2.29%. 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 6.46% over the last week, with a monthly amount glided 3.73%, and 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 January 22, 2025, when Stephens initiated its Equal-Weight rating and assigned the stock a price target of $20. Previously, BofA Securities upgraded its rating to Neutral on April 10, 2024, and elevated its price target to $20. On January 09, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $17 on the stock. CJS Securities upgraded its rating to a Market Outperform but stick to its price target of $20 on May 04, 2022. Northcoast downgraded its rating to a Neutral but $20 remained the price target by the analyst firm on February 28, 2022. Guggenheim upgraded its rating to Neutral for this stock on February 25, 2022. In a note dated May 21, 2021, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $15 to $26.
Openlane Inc experienced fluctuations in its stock price throughout the past year between $14.73 and $21.93. Openlane Inc [NYSE: KAR] shares were valued at $21.42 at the most recent close of the market.
Analyzing the KAR fundamentals
Trailing Twelve Months sales for Openlane Inc [NYSE:KAR] were 1.75B which represents 16.28% growth. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 21.03 points at the first support level, and at 20.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.78, and for the 2nd resistance point, it is at 22.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Openlane Inc [NYSE:KAR] is 1.11. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 46.96.
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.
