Currently, there are 106.84M common shares owned by the public and among those 105.02M shares have been available to trade.
The company’s stock has a 5-day price change of -0.34% and 1.93% over the past three months. KAR shares are trading 3.83% year to date (YTD), with the 12-month market performance up to 49.71% higher. It has a 12-month low price of $12.86 and touched a high of $21.51 over the same period. KAR has an average intraday trading volume of 666.16K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.02%, 1.01%, and 14.20% respectively.
Institutional ownership of Openlane Inc (NYSE: KAR) shares accounts for 101.88% of the company’s 106.84M shares outstanding.
It has a market capitalization of $2.20B and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 108.99, while the earnings-per-share (ttm) stands at $0.19. The company has a PEG of 5.76 and a Quick Ratio of 1.08 with the debt-to-equity ratio at 0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.27% over the week and 2.23% over the month.
Earnings per share for the fiscal year are expected to increase by 17.36%, and 13.58% over the next financial year.
Looking at the support for the KAR, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on January 22, 2025, with the firm’s price target at $20. BofA Securities coverage for the Openlane Inc (KAR) stock in a research note released on April 10, 2024 offered a Neutral rating with a price target of $20. BofA Securities was of a view on January 09, 2023 that the stock is Underperform, while CJS Securities gave the stock Market Outperform rating on May 04, 2022, issuing a price target of $20. Northcoast on their part issued Neutral rating on February 28, 2022.
