OPENLANE, Inc. (NYSE:KAR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.80.
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com cut OPENLANE from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of OPENLANE in a research report on Friday, February 21st. Finally, Stephens raised OPENLANE from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $26.00 in a research report on Friday, February 28th.
View Our Latest Stock Report on KAR
Institutional Investors Weigh In On OPENLANE
OPENLANE Stock Performance
OPENLANE stock opened at $20.70 on Thursday. OPENLANE has a fifty-two week low of $15.44 and a fifty-two week high of $22.47. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 1.85 and a beta of 1.53. The stock’s 50 day simple moving average is $20.70 and its two-hundred day simple moving average is $19.00.
OPENLANE (NYSE:KAR – Get Free Report) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $455.00 million during the quarter, compared to analysts’ expectations of $416.64 million. OPENLANE had a return on equity of 9.20% and a net margin of 6.27%. On average, analysts predict that OPENLANE will post 0.95 earnings per share for the current year.
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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