Quantbot Technologies LP Has $193,000 Stock Holdings in OPENLANE, Inc. (NYSE:KAR)

Quantbot Technologies LP reduced its stake in OPENLANE, Inc. (NYSE:KAR - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,746 shares of the specialty retailer's stock after selling 23,988 shares during the period. Quantbot Technologies LP's holdings in OPENLANE were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KAR. Raymond James Financial Inc. purchased a new position in OPENLANE in the 4th quarter worth about $5,822,000. Geode Capital Management LLC increased its position in shares of OPENLANE by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,475,741 shares of the specialty retailer's stock worth $41,799,000 after acquiring an additional 35,214 shares in the last quarter. Versor Investments LP acquired a new stake in shares of OPENLANE during the fourth quarter valued at approximately $254,000. Barclays PLC lifted its position in shares of OPENLANE by 344.7% in the 3rd quarter. Barclays PLC now owns 178,964 shares of the specialty retailer's stock valued at $3,022,000 after acquiring an additional 138,720 shares in the last quarter. Finally, Guidance Capital Inc. purchased a new stake in shares of OPENLANE in the 4th quarter valued at approximately $472,000. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on KAR. Stephens upgraded shares of OPENLANE from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $20.00 to $26.00 in a report on Friday, February 28th. Barrington Research reissued an "outperform" rating and set a $25.00 target price on shares of OPENLANE in a research note on Friday, February 21st. StockNews.com cut shares of OPENLANE from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. lowered OPENLANE from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $20.00 in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.20.

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OPENLANE Stock Down 6.9 %

Shares of NYSE:KAR traded down $1.39 on Thursday, reaching $18.82. The company had a trading volume of 1,115,819 shares, compared to its average volume of 725,416. The stock has a market capitalization of $2.01 billion, a P/E ratio of 35.50, a P/E/G ratio of 1.85 and a beta of 1.53. The stock has a 50-day moving average price of $20.72 and a 200 day moving average price of $19.33. OPENLANE, Inc. has a twelve month low of $15.44 and a twelve month high of $22.47.

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

OPENLANE Profile

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.