OPENLANE (NYSE:KAR – Get Free Report) is projected to release its earnings data after the market closes on Wednesday, February 19th. Analysts expect OPENLANE to post earnings of $0.20 per share and revenue of $416.76 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
OPENLANE Stock Up 0.2 %
KAR opened at $21.14 on Wednesday. The firm has a market cap of $2.26 billion, a PE ratio of 81.30, a P/E/G ratio of 1.84 and a beta of 1.52. The business has a fifty day simple moving average of $20.38 and a 200-day simple moving average of $18.41. OPENLANE has a fifty-two week low of $12.86 and a fifty-two week high of $21.51.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Stephens assumed coverage on OPENLANE in a research report on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of OPENLANE from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a report on Monday, November 4th. Finally, StockNews.com lowered shares of OPENLANE from a “buy” rating to a “hold” rating in a research note on Sunday, January 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.
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.
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