Key Points
- Charles Coleman, EVP, sold 88,062 shares of OPENLANE at an average price of $26 on Dec. 2 for about $2.29M, reducing his holding by 62.22% to 53,474 shares (≈$1.39M); the sale was disclosed in an SEC filing.
- OPENLANE recently beat quarterly estimates with $0.35 EPS vs. $0.30 expected and revenue of $498.4M vs. $464.4M, and set FY2025 guidance of EPS $1.220–1.26.
- Wall Street consensus is a “Moderate Buy” with an average price target of $30.20; the stock has a market cap of roughly $2.77B and a 52‑week range of $17.08–$30.93.
OPENLANE, Inc. (NYSE:KAR - Get Free Report) EVP Charles Coleman sold 88,062 shares of the business's stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $26.00, for a total transaction of $2,289,612.00. Following the completion of the sale, the executive vice president directly owned 53,474 shares of the company's stock, valued at approximately $1,390,324. The trade was a 62.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
OPENLANE Stock Up 0.8%
KAR opened at $26.04 on Thursday. The firm's fifty day simple moving average is $26.33 and its two-hundred day simple moving average is $25.97. OPENLANE, Inc. has a 52-week low of $17.08 and a 52-week high of $30.93. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.27 and a beta of 1.25.
OPENLANE (NYSE:KAR - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $498.40 million during the quarter, compared to the consensus estimate of $464.40 million. OPENLANE had a net margin of 9.00% and a return on equity of 12.42%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. On average, research analysts forecast that OPENLANE, Inc. will post 0.95 EPS for the current year.
Wall Street Analyst Weigh In
KAR has been the topic of a number of research analyst reports. Barclays started coverage on OPENLANE in a research note on Tuesday, November 11th. They issued an "overweight" rating and a $32.00 price target on the stock. Zacks Research raised shares of OPENLANE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of OPENLANE from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. JPMorgan Chase & Co. raised their price target on shares of OPENLANE from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, November 6th. Finally, Stephens boosted their price target on shares of OPENLANE from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.20.
View Our Latest Stock Report on KAR
Institutional Investors Weigh In On OPENLANE
A number of institutional investors and hedge funds have recently made changes to their positions in KAR. American Century Companies Inc. increased its holdings in OPENLANE by 1,927.3% in the 2nd quarter. American Century Companies Inc. now owns 2,336,626 shares of the specialty retailer's stock valued at $57,131,000 after purchasing an additional 2,221,368 shares during the last quarter. Invesco Ltd. raised its holdings in shares of OPENLANE by 204.0% in the 3rd quarter. Invesco Ltd. now owns 3,073,282 shares of the specialty retailer's stock valued at $88,449,000 after buying an additional 2,062,346 shares during the period. SG Capital Management LLC acquired a new position in OPENLANE during the 2nd quarter worth about $21,623,000. Nuveen LLC acquired a new position in OPENLANE during the 1st quarter worth about $14,725,000. Finally, Burgundy Asset Management Ltd. grew its position in OPENLANE by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 9,925,661 shares of the specialty retailer's stock valued at $191,367,000 after acquiring an additional 647,164 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.
OPENLANE Company Profile
(
Get Free Report)
OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles.
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