NYSE:KAR OPENLANE (KAR) Stock Price, News & Analysis $16.63 -0.25 (-1.48%) (As of 10/1/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About OPENLANE Stock (NYSE:KAR) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get OPENLANE alerts:Sign Up Key Stats Today's Range$16.38▼$16.8650-Day Range$15.79▼$18.1952-Week Range$12.86▼$18.73Volume667,296 shsAverage Volume722,409 shsMarket Capitalization$1.80 billionP/E RatioN/ADividend YieldN/APrice Target$19.60Consensus RatingModerate Buy Company OverviewOPENLANE, 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… They laughed when he picked Nvidia in 2016… (Ad)Everyone’s talking about AI right now, but I’ve been talking about it for years. And now I’ve just released my latest prediction and believe it or not, I’m advising NOT pour all your money into Nvidia right nowClick here to see why OPENLANE Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks74th Percentile Overall ScoreKAR MarketRank™: OPENLANE scored higher than 74% of companies evaluated by MarketBeat, and ranked 30th out of 95 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy 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. Earnings and Valuation1.9 / 5Proj. Earnings Growth21.79% 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 -9.29, 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 -9.29, 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 1.73. 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. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted3.92% of the float of OPENLANE has been sold short.Short Interest Ratio / Days to CoverOPENLANE has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in OPENLANE has recently increased by 12.70%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthWeak 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. Sustainability and ESG2.1 / 5Environmental Score-2.06 Percentage of Shares Shorted3.92% of the float of OPENLANE has been sold short.Short Interest Ratio / Days to CoverOPENLANE has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in OPENLANE has recently increased by 12.70%, indicating that investor sentiment is decreasing significantly. News and Social Media3.1 / 5News Sentiment1.59 News SentimentOPENLANE has a news sentiment score of 1.59. 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 is a higher news sentiment than the 0.57 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 2 news articles for OPENLANE this week, compared to 2 articles on an average week.MarketBeat Follows1 people have added OPENLANE to their MarketBeat watchlist in the last 30 days. Company Ownership1.7 / 5Insider TradingN/A 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. 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 KAR Stock News HeadlinesContrasting OPENLANE (NYSE:KAR) & Lazydays (NASDAQ:GORV)September 23, 2024 | americanbankingnews.comHead-To-Head Analysis: OPENLANE (NYSE:KAR) vs. Lazydays (NASDAQ:GORV)September 23, 2024 | americanbankingnews.comShedding light on a dark secretElon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump. October 2, 2024 | Porter & Company (Ad)Buy Rating Justified: OPENLANE’s Growth Potential in Digital Vehicle RemarketingSeptember 21, 2024 | markets.businessinsider.comImplied Volatility Surging for OPENLANE (KAR) Stock OptionsSeptember 18, 2024 | msn.comCarvana picks Houston for its second 'megasite' transition, hiring hundredsSeptember 9, 2024 | bizjournals.comIs OPENLANE, Inc.'s (NYSE:KAR) Recent Price Movement Underpinned By Its Weak Fundamentals?September 7, 2024 | finance.yahoo.comBuy Rating Affirmed: Kar Auction Services’ Strong Q2 Performance and Strategic Growth InitiativesAugust 23, 2024 | markets.businessinsider.comSee More Headlines KAR Stock Analysis - Frequently Asked Questions How have KAR shares performed this year? OPENLANE's stock was trading at $14.81 at the beginning of the year. Since then, KAR shares have increased by 12.3% and is now trading at $16.63. View the best growth stocks for 2024 here. How were OPENLANE's earnings last quarter? OPENLANE, Inc. (NYSE:KAR) issued 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 business's quarterly revenue was up 3.6% compared to the same quarter last year. When did OPENLANE's stock split? Shares of OPENLANE reverse split before market open on 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 closing bell 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. 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). Company Calendar Last Earnings8/07/2024Today10/01/2024Next 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+17.9%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($1.79) Trailing P/E RatioN/A Forward P/E Ratio21.32 P/E Growth1.73Net Income$-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 / Sales1.09 Cash Flow$2.00 per share Price / Cash Flow8.33 Book Value$12.28 per share Price / Book1.35Miscellaneous Outstanding Shares108,302,000Free Float105,789,000Market Cap$1.80 billion OptionableOptionable Beta1.44 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report This page (NYSE:KAR) was last updated on 10/2/2024 by MarketBeat.com Staff From Our PartnersWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. 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