Yousif Capital Management LLC Cuts Holdings in OPENLANE, Inc. (NYSE:KAR)

Yousif Capital Management LLC lessened its stake in OPENLANE, Inc. (NYSE:KAR) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,768 shares of the specialty retailer’s stock after selling 1,534 shares during the quarter. Yousif Capital Management LLC’s holdings in OPENLANE were worth $809,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV lifted its stake in OPENLANE by 51.1% in the fourth quarter. KBC Group NV now owns 5,314 shares of the specialty retailer’s stock worth $105,000 after acquiring an additional 1,798 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of OPENLANE during the fourth quarter worth $187,000. Creative Planning acquired a new stake in OPENLANE in the third quarter valued at $193,000. Everence Capital Management Inc. lifted its holdings in OPENLANE by 20.5% during the 3rd quarter. Everence Capital Management Inc. now owns 14,500 shares of the specialty retailer’s stock worth $245,000 after buying an additional 2,470 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of OPENLANE by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 15,822 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 793 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KAR. StockNews.com raised shares of OPENLANE from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of OPENLANE in a research report on Friday. Finally, Stephens initiated coverage on shares of OPENLANE in a research note on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.60.

OPENLANE Stock Up 0.2 %

Shares of NYSE KAR opened at $20.61 on Friday. The firm has a 50-day moving average price of $20.40 and a 200 day moving average price of $18.46. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 79.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.52. OPENLANE, Inc. has a 52 week low of $12.86 and a 52 week high of $21.51.

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.