NYSE:KAR OPENLANE (KAR) Stock Price, News & Analysis $16.48 -0.31 (-1.85%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$16.47▼$16.9950-Day Range$16.37▼$18.5152-Week Range$12.86▼$18.73Volume638,008 shsAverage Volume727,422 shsMarket Capitalization$1.78 billionP/E RatioN/ADividend YieldN/APrice Target$19.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get OPENLANE alerts: Email Address OPENLANE MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside18.9% Upside$19.60 Price TargetShort InterestBearish3.45% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.06Upright™ Environmental ScoreNews Sentiment0.51Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth21.79%From $0.78 to $0.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.07 out of 5 starsAuto/Tires/Trucks Sector38th out of 80 stocksAutomotive Dealers & Gasoline Service Stations Industry10th out of 17 stocks 2.3 Analyst's Opinion Consensus RatingOPENLANE has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageOPENLANE has only been the subject of 1 research reports in the past 90 days.Read more about OPENLANE's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.45% of the float of OPENLANE has been sold short.Short Interest Ratio / Days to CoverOPENLANE has a short interest ratio ("days to cover") of 5.4.Change versus previous monthShort interest in OPENLANE has recently increased by 8.26%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldOPENLANE does not currently pay a dividend.Dividend GrowthOPENLANE does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, OPENLANE will have a dividend payout ratio of 80.00% in the coming year. This indicates that OPENLANE may not be able to sustain their current dividend.Read more about OPENLANE's dividend. Previous Next 2.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOPENLANE has received a 3.13% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Online auction platforms for buses", "Online auction platforms for passenger cars", and "Online auction platforms for vehicles" products. See details.Environmental SustainabilityThe Environmental Impact score for OPENLANE is -2.06. Previous Next 2.0 News and Social Media Coverage News SentimentOPENLANE has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 5 news articles for OPENLANE this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added OPENLANE to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, OPENLANE insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.32% of the stock of OPENLANE is held by insiders.Percentage Held by Institutions99.76% of the stock of OPENLANE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about OPENLANE's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for OPENLANE are expected to grow by 21.79% in the coming year, from $0.78 to $0.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of OPENLANE is -9.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of OPENLANE is -9.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioOPENLANE has a PEG Ratio of 1.81. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOPENLANE has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about OPENLANE's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsWhat is Nvidia’s New $1 Trillion SuperProject?Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …Find out details on these three critical Nvidia partners immediately. About OPENLANE Stock (NYSE:KAR)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. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.Read More KAR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KAR Stock News HeadlinesSeptember 7 at 6:54 PM | finance.yahoo.comIs OPENLANE, Inc.'s (NYSE:KAR) Recent Price Movement Underpinned By Its Weak Fundamentals?September 4 at 5:17 AM | americanbankingnews.comShort Interest in OPENLANE, Inc. (NYSE:KAR) Expands By 8.3%September 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 28, 2024 | americanbankingnews.comOPENLANE (NYSE:KAR) Receives Outperform Rating from Barrington ResearchAugust 28, 2024 | americanbankingnews.comOPENLANE (NYSE:KAR) Rating Reiterated by Barrington ResearchAugust 23, 2024 | markets.businessinsider.comBuy Rating Affirmed: Kar Auction Services’ Strong Q2 Performance and Strategic Growth InitiativesAugust 15, 2024 | prnewswire.comOPENLANE Transforms Condition Reports with Actionable OBD2 IntelligenceAugust 11, 2024 | finance.yahoo.comOPENLANE, Inc. (NYSE:KAR) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 9, 2024 | markets.businessinsider.comAnalysts Are Bullish on These Consumer Cyclical Stocks: Kar Auction Services (KAR), Albany International (AIN)August 7, 2024 | seekingalpha.comOPENLANE, Inc. 2024 Q2 - Results - Earnings Call PresentationAugust 7, 2024 | prnewswire.comOPENLANE, Inc. Reports Second Quarter 2024 Financial ResultsAugust 6, 2024 | prnewswire.comOPENLANE Revolutionizes Wholesaling with Faster, Easier Sales for US DealersAugust 2, 2024 | seekingalpha.comJuly 2024 New Analysts Cover Rivian, McDonald's, Paycom, SpotifyJuly 24, 2024 | seekingalpha.comOpenlane: Buy On Earnings Turnaround And Market Share GainsJuly 18, 2024 | prnewswire.comOPENLANE to Announce Second Quarter 2024 EarningsJuly 17, 2024 | prnewswire.comOPENLANE Names Itunu Orelaru Head of Investor RelationsJune 20, 2024 | prnewswire.comOPENLANE Announces Board Appointment with 20+ Years Founding and Leading Tech InnovatorsSee More Headlines Receive KAR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for OPENLANE and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/07/2024Today9/07/2024Next Earnings (Estimated)11/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorAuto/Tires/Trucks Industry Automotive dealers & gasoline service stations Sub-IndustryDiversified Support Services Current SymbolNYSE:KAR CUSIP48238T10 CIK1395942 Webwww.karauctionservices.com Phone(800) 923-3725Fax317-843-4898Employees4,500Year FoundedN/APrice Target and Rating Average Stock Price Target$19.60 High Stock Price Target$25.00 Low Stock Price Target$13.00 Potential Upside/Downside+18.9%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.79) Trailing P/E RatioN/A Forward P/E Ratio21.13 P/E Growth1.81Net Income$-154,100,000.00 Net Margins3.39% Pretax Margin5.68% Return on Equity7.85% Return on Assets2.20% Debt Debt-to-Equity RatioN/A Current Ratio1.08 Quick Ratio1.08 Sales & Book Value Annual Sales$1.66 billion Price / Sales1.08 Cash Flow$1.88 per share Price / Cash Flow8.75 Book Value$12.23 per share Price / Book1.35Miscellaneous Outstanding Shares108,302,000Free Float105,789,000Market Cap$1.78 billion OptionableOptionable Beta1.44 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Peter J. Kelly (Age 55)CEO & Director Comp: $1.94MMr. Michael EliasonVP of Investor Relations & TreasurerMr. Charles S. Coleman (Age 52)Executive VP, Chief Legal Officer & Secretary Mr. Tobin P. Richer (Age 50)Executive Vice President of Marketing & Communications Mr. Warren W. Byrd (Age 61)Executive Vice President of Corporate Development & Real Estate Patrick MingExecutive Sales DirectorMs. Lisa A. Price (Age 49)Executive VP & Chief People Officer Mr. Christopher SeitzSenior Vice PresidentMr. Gary WatkinsChief Information Officer of IT Shared ServicesMs. Stacey WhiteSenior Vice President of Enterprise OptimizationMore ExecutivesKey CompetitorsUniFirstNYSE:UNFMcGrath RentCorpNASDAQ:MGRCHealthcare Services GroupNASDAQ:HCSGViadNYSE:VVIPerformant FinancialNASDAQ:PFMTView All CompetitorsInsiders & InstitutionsAlgert Global LLCSold 51,097 shares on 8/16/2024Ownership: 0.027%Quarry LPBought 1,587 shares on 8/16/2024Ownership: 0.002%The Manufacturers Life Insurance Company Bought 1,450 shares on 8/15/2024Ownership: 0.050%AQR Capital Management LLCSold 1,079 shares on 8/15/2024Ownership: 0.017%Deerfield Management Company L.P. Series CBought 14,062 shares on 8/15/2024Ownership: 0.013%View All Insider TransactionsView All Institutional Transactions KAR Stock Analysis - Frequently Asked Questions How have KAR shares performed this year? OPENLANE's stock was trading at $14.81 on January 1st, 2024. Since then, KAR shares have increased by 11.3% and is now trading at $16.48. View the best growth stocks for 2024 here. How were OPENLANE's earnings last quarter? OPENLANE, Inc. (NYSE:KAR) posted its quarterly earnings results on Wednesday, August, 7th. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by $0.02. The firm's revenue was up 3.6% on a year-over-year basis. When did OPENLANE's stock split? Shares of OPENLANE reverse split on the morning of Saturday, January 1st 2000. The 22.6-59.5 reverse split was announced on Saturday, January 1st 2000. The number of shares owned by shareholders was adjusted after the market closes on Friday, June 28th 2019. An investor that had 100 shares of stock prior to the reverse split would have 38 shares after the split. What is James P. Hallett's approval rating as OPENLANE's CEO? 90 employees have rated OPENLANE Chief Executive Officer James P. Hallett on Glassdoor.com. James P. Hallett has an approval rating of 78% among the company's employees. Who are OPENLANE's major shareholders? OPENLANE's top institutional investors include Burgundy Asset Management Ltd. (8.24%), Dimensional Fund Advisors LP (6.60%), Paradice Investment Management LLC (2.13%) and D. E. Shaw & Co. Inc. (1.33%). Insiders that own company stock include James P Hallett, Peter J Kelly, James E Money II, James P Coyle, J Mark Howell and Michael T Kestner. View institutional ownership trends. How do I buy shares of OPENLANE? Shares of KAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of OPENLANE own? Based on aggregate information from My MarketBeat watchlists, some other companies that OPENLANE investors own include NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), AT&T (T), Alibaba Group (BABA) and Exxon Mobil (XOM). This page (NYSE:KAR) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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