Shares of OPENLANE, Inc. (NYSE:KAR – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $19.60.
Several research analysts have weighed in on KAR shares. Robert W. Baird upped their target price on OPENLANE from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of OPENLANE in a research report on Monday, August 5th.
Read Our Latest Analysis on KAR
Institutional Investors Weigh In On OPENLANE
OPENLANE Trading Up 0.1 %
Shares of NYSE KAR opened at $17.25 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. OPENLANE has a one year low of $12.86 and a one year high of $18.73. The business has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $16.71. The firm has a market capitalization of $1.87 billion, a PE ratio of -9.63, a PEG ratio of 1.20 and a beta of 1.44.
OPENLANE (NYSE:KAR – Get Free Report) last issued its earnings results on Wednesday, August 7th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). OPENLANE had a negative net margin of 9.04% and a positive return on equity of 8.53%. The company had revenue of $431.80 million for the quarter, compared to analyst estimates of $426.11 million. During the same period last year, the business earned $0.25 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that OPENLANE will post 0.8 earnings per share for the current fiscal year.
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.
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