Natixis Advisors LLC Has $300,000 Stock Holdings in OPENLANE, Inc. (NYSE:KAR)

Natixis Advisors LLC lifted its stake in OPENLANE, Inc. (NYSE:KAR) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,137 shares of the specialty retailer’s stock after acquiring an additional 2,512 shares during the quarter. Natixis Advisors LLC’s holdings in OPENLANE were worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank increased its position in shares of OPENLANE by 1.0% during the 4th quarter. Swiss National Bank now owns 213,600 shares of the specialty retailer’s stock worth $4,238,000 after purchasing an additional 2,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in OPENLANE by 25.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 686,723 shares of the specialty retailer’s stock worth $13,625,000 after buying an additional 141,319 shares during the last quarter. Raymond James Financial Inc. bought a new stake in OPENLANE during the fourth quarter worth $5,822,000. Victory Capital Management Inc. lifted its stake in OPENLANE by 92.2% in the fourth quarter. Victory Capital Management Inc. now owns 62,955 shares of the specialty retailer’s stock valued at $1,249,000 after acquiring an additional 30,196 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of OPENLANE by 435.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,535 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 2,062 shares during the period. Institutional investors own 99.76% of the company’s stock.

OPENLANE Trading Down 0.4 %

OPENLANE stock opened at $19.27 on Friday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.85 and a beta of 1.53. OPENLANE, Inc. has a 12 month low of $15.44 and a 12 month high of $22.47. The stock’s 50 day moving average is $20.78 and its 200-day moving average is $19.23.

OPENLANE (NYSE:KAR) last issued its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. OPENLANE had a return on equity of 9.20% and a net margin of 6.27%. The firm had revenue of $455.00 million for the quarter, compared to analyst estimates of $416.64 million. As a group, equities research analysts predict that OPENLANE, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on KAR. Stephens upgraded shares of OPENLANE from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $20.00 to $26.00 in a research note on Friday, February 28th. StockNews.com downgraded OPENLANE from a “buy” rating to a “hold” rating in a research note on Friday. Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of OPENLANE in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. downgraded OPENLANE from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $20.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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.