Openlane Inc (NYSE: KAR) is 53.89% higher on its value in year-to-date trading and has touched a low of $15.44 and a high of $25.01 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 $24.74 in the last trading session, with the day’s gains setting it 828415.26%.
Currently trading at $828440.0, the stock is 8.88% and 16.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 3.19% at the moment leaves the stock 28.34% off its SMA200. KAR registered 28.68% gain for a year compared to 6-month gain of 26.89%. The firm has a 50-day simple moving average (SMA 50) of $21.9594 and a 200-day simple moving average (SMA200) of $19.8925.
The stock witnessed a 11.97% loss in the last 1 month and extending the period to 3 months gives it a 26.83%, and is 11.83% 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 3.09% over the week and 2.42% over the month.
Openlane Inc (KAR) has around 4800 employees, a market worth around $2.74B and $1.80B in sales. Current P/E ratio is 43.76 and Fwd P/E is 23.21. Profit margin for the company is 3.50%. Distance from 52-week low is 65.35% and 2.06% from its 52-week high. The company has generated returns on investments over the last 12 months (3.08%).
The EPS is expected to grow by 15.29% this year
348.0 institutions hold shares in Openlane Inc (KAR), with institutional investors hold 106.44% of the company’s shares. The shares outstanding are 107.35M, and float is at 105.49M with Short Float at 4.21%. Institutions hold 104.49% 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 15.4885 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 11.2578 of the shares outstanding. The other top investors are BURGUNDY ASSET MANAGEMENT LTD. which holds 8.92 million shares representing 8.2154 and valued at over $148.02 million, while DIMENSIONAL FUND ADVISORS LP holds 6.5782 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 sale by Coyle James P, the company’s EVP & President, Marketplace. SEC filings show that Coyle James P sold 7,000 shares of the company’s common stock on May 09 ’25 at a price of $21.72 per share for a total of $0.15 million. Following the sale, the insider now owns 36511.0 shares.
Still, SEC filings show that on Nov 13 ’24, Lakhia Brad S. (EVP & CFO) acquired 4,985 shares at an average price of $20.06 for $99999.0. The insider now directly holds 14,303 shares of Openlane Inc (KAR).
