Openlane (KAR)

• Market cap: $2.06B
• 1 day: 0.04%
• 5 days: 7.46%
• 1 month: 19.91%
• 3 months: 8.45%
• 6 months: 14.15%
• Year to date: 10.70%
• 1 year: 23.90%
• 5 years: 89.32%
• 10 years: -40.38%
• Sector: Consumer Discretionary
• Industry: Auto & Truck Dealerships

About: Openlane Inc provides a digital marketplace for used vehicles, connecting sellers and buyers in North America and Europe for fast and transparent transactions. Its services include financing, repossessions, repairs, transportation, warranty, and inventory management. The company operates used-vehicle auctions and has two main segments: Marketplace and Finance, with majority revenue coming from the Marketplace segment, which to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain. The Finance segment, through AFC engaged in business of providing short-term, inventory-secured financing to independent vehicle dealers.

Employees: 4,800

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,514% more call options, than puts

Call options by funds: $113K | Put options by funds: $7K

74% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 27

33% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]

19% more capital invested

Capital invested by funds: $1.8B [Q3] → $2.15B (+$350M) [Q4]

8% more funds holding

Funds holding: 226 [Q3] → 244 (+18) [Q4]

2.95% more ownership

Funds ownership: 98.5% [Q3] → 101.46% (+2.95%) [Q4]

5% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 80

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $20 10% downside
• Avg. target: $24 6% upside
• High target: $26 16% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

JP Morgan Ryan Brinkman 53% 1-year accuracy 20 / 38 met price target	10% downside $20	Neutral Downgraded	27 Mar 2025
Stephens & Co. Jeff Lick 82% 1-year accuracy 9 / 11 met price target	16% upside $26	Overweight Upgraded	28 Feb 2025
Barrington Research Gary Prestopino 49% 1-year accuracy 69 / 142 met price target	12% upside $25	Outperform Maintained	21 Feb 2025