Invesco Ltd. Has $17.18 Million Stock Holdings in OPENLANE, Inc. (NYSE:KAR)

Invesco Ltd. increased its stake in OPENLANE, Inc. (NYSE:KAR - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 866,013 shares of the specialty retailer's stock after purchasing an additional 61,762 shares during the quarter. Invesco Ltd. owned about 0.81% of OPENLANE worth $17,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KAR. Barclays PLC raised its position in shares of OPENLANE by 344.7% during the 3rd quarter. Barclays PLC now owns 178,964 shares of the specialty retailer's stock worth $3,022,000 after buying an additional 138,720 shares in the last quarter. Geode Capital Management LLC raised its holdings in OPENLANE by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,475,741 shares of the specialty retailer's stock worth $41,799,000 after purchasing an additional 35,214 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in OPENLANE by 8.5% during the third quarter. JPMorgan Chase & Co. now owns 139,502 shares of the specialty retailer's stock worth $2,355,000 after purchasing an additional 10,962 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in OPENLANE by 3.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 41,912 shares of the specialty retailer's stock worth $832,000 after purchasing an additional 1,477 shares during the period. Finally, KBC Group NV boosted its stake in OPENLANE by 51.1% during the 4th quarter. KBC Group NV now owns 5,314 shares of the specialty retailer's stock valued at $105,000 after purchasing an additional 1,798 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

OPENLANE Trading Down 1.0 %

Shares of OPENLANE stock traded down $0.18 on Friday, reaching $18.28. 87,609 shares of the company were exchanged, compared to its average volume of 724,060. OPENLANE, Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $22.47. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.38. The stock has a fifty day moving average price of $19.96 and a 200-day moving average price of $19.53.

OPENLANE (NYSE:KAR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. OPENLANE had a return on equity of 9.20% and a net margin of 6.27%. The firm had revenue of $455.00 million for the quarter, compared to the consensus estimate of $416.64 million. On average, equities analysts anticipate that OPENLANE, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KAR has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded OPENLANE from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $20.00 in a research note on Thursday, March 27th. Barrington Research reiterated an "outperform" rating and issued a $25.00 price target on shares of OPENLANE in a research report on Friday, February 21st. StockNews.com downgraded shares of OPENLANE from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Finally, Stephens raised shares of OPENLANE from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $20.00 to $26.00 in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.75.

About OPENLANE

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.