Openlane Inc (NYSE: KAR) is 38.42% higher on its value in year-to-date trading and has touched a low of $12.86 and a high of $20.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KAR stock was last observed hovering at around $20.33 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $20.50, the stock is 0.90% and 9.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 0.84% at the moment leaves the stock 17.42% off its SMA200. KAR registered 35.40% gain for a year compared to 6-month gain of 25.31%. The firm has a 50-day simple moving average (SMA 50) of $18.7056 and a 200-day simple moving average (SMA200) of $17.4351.
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The stock witnessed a 2.81% loss in the last 1 month and extending the period to 3 months gives it a 24.47%, and is 0.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.66% over the week and 2.15% over the month.
Openlane Inc (KAR) has around 4500 employees, a market worth around $2.21B and $1.69B in sales. Current P/E ratio is 108.47 and Fwd P/E is 21.35. Profit margin for the company is 1.27%. Distance from 52-week low is 59.41% and -1.68% from its 52-week high. The company has generated returns on investments over the last 12 months (1.07%).
with sales reaching $414.46M over the same period.The EPS is expected to grow by 17.13% this year, but quarterly earnings will post 4.00% year-over-year. Quarterly sales are estimated to grow 5.92% in year-over-year returns.
Openlane Inc (KAR) Top Institutional Holders
310.0 institutions hold shares in Openlane Inc (KAR), with institutional investors hold 104.23% of the company’s shares. The shares outstanding are 106.84M, and float is at 105.05M with Short Float at 4.35%. Institutions hold 102.34% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.82 million shares valued at $279.05 million. The investor’s holdings represent 15.5314% of the KAR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.23 million shares valued at $202.83 million to account for 11.289 of the shares outstanding. The other top investors are BURGUNDY ASSET MANAGEMENT LTD. which holds 8.92 million shares representing 8.2382% and valued at over $148.02 million, while DIMENSIONAL FUND ADVISORS LP holds 6.5964 of the shares totaling 7.14 million with a market value of $118.52 million.
Openlane Inc (KAR) Insider Activity
The most recent transaction is an insider purchase by Lakhia Brad S., the company’s EVP & CFO. SEC filings show that Lakhia Brad S. bought 4,985 shares of the company’s common stock on Nov 13 ’24 at a price of $20.06 per share for a total of $99999.0. Following the purchase, the insider now owns 14303.0 shares.
Openlane Inc disclosed in a document filed with the SEC on May 15 ’24 that Coyle James P (EVP, President NA Marketplaces) sold a total of 6,000 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $18.09 per share for $0.11 million. Following the transaction, the insider now directly holds 23885.0 shares of the KAR stock.
Still, SEC filings show that on Mar 11 ’24, Money James E. II (AFC President) disposed off 14,822 shares at an average price of $15.83 for $0.23 million. The insider now directly holds 44,604 shares of Openlane Inc (KAR).
