KAR stock icon

Openlane
KAR

$16.40
1.74%
 

About: Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

Employees: 4,500

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

7,100% more call options, than puts

Call options by funds: $504K | Put options by funds: $7K

50% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 3 (+1) [Q1 2024]

14% more capital invested

Capital invested by funds: $1.61B [Q4 2023] → $1.83B (+$223M) [Q1 2024]

2.3% less ownership

Funds ownership: 100.2% [Q4 2023] → 97.9% (-2.3%) [Q1 2024]

3% less funds holding

Funds holding: 231 [Q4 2023] → 225 (-6) [Q1 2024]

18% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 33

41% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 97

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$20
22%
upside
Avg. target
$23
37%
upside
High target
$25
52%
upside

4 analyst ratings

positive
75%
neutral
25%
negative
0%
Barrington Research
Gary Prestopino
52%upside
$25
Outperform
Reiterated
2 May 2024
Baird
Craig Kennison
22%upside
$20
Outperform
Maintained
2 May 2024
B of A Securities
John Murphy
22%upside
$20
Neutral
Upgraded
10 Apr 2024
Barrington Research
Gary Prestopino
52%upside
$25
Outperform
Reiterated
21 Feb 2024

Financial journalist opinion

Based on 3 articles about KAR published over the past 30 days