OPENLANE/KAR

$17.01

0.11%
-
1D1W1MYTD1YMAX

About OPENLANE

OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Company’s segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.

Ticker

KAR

Sector

Consumer Cyclicals

Trading on

NYSE

Industry

Retail (Specialty)

CEO

Peter Kelly

Employees

4,500

Headquarters

Carmel, United States

OPENLANE Metrics

BasicAdvanced
$1.84B
Market cap
-
P/E ratio
-$1.82
EPS
1.44
Beta
-
Dividend rate
$1.84B
1.44312
$17.70
$12.86
786.71K
1.146
10.436
18.453
1.66%
-3.14%
-14.06%
-6.55%
1.116
1.383
5.234
13.206
8.27%
-1,965.95%
7.43%

What the Analysts think about OPENLANE

Analyst Ratings

Majority rating from 7 analysts.
Buy

Price Targets

Average projection from 5 analysts.
12.87% upside
High $25.00
Low $15.00
$17.01
Current price
$19.20
Average price target

OPENLANE Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
3.65% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$391.3M
-6.01%
Net income
$14.3M
12.6%
Profit margin
3.65%
19.67%

OPENLANE Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 23.08%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.12
$0.25
$0.18
$0.16
-
Expected
$0.09
$0.12
$0.15
$0.13
$0.21
Surprise
32.96%
101.21%
23.53%
23.08%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for OPENLANE stock?

OPENLANE (KAR) has a market cap of $1.84B as of April 23, 2024.

What is the P/E ratio for OPENLANE stock?

The price to earnings (P/E) ratio for OPENLANE (KAR) stock is 0 as of April 23, 2024.

Does OPENLANE stock pay dividends?

No, OPENLANE (KAR) stock does not pay dividends to its shareholders as of April 23, 2024.

When is the next OPENLANE dividend payment date?

OPENLANE (KAR) stock does not pay dividends to its shareholders.

What is the beta indicator for OPENLANE?

OPENLANE (KAR) has a beta rating of 1.44. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the OPENLANE stock price target?

The target price for OPENLANE (KAR) stock is $19.2, which is 12.87% above the current price of $17.01. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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