Views of Wall Street’s Leading Experts on Openlane Inc.

With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.75 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $14.37 whereas the lowest price it dropped to was $14.17. The 52-week range on KAR shows that it touched its highest point at $16.49 and its lowest point at $12.19 during that stretch. It currently has a 1-year price target of $18.29. Beta for the stock currently stands at 1.46.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KAR was up-trending over the past week, with a rise of 0.07%, but this was up by 0.63% over a month. Three-month performance dropped to -0.49% while six-month performance fell -5.28%. The stock lost -1.24% in the past year, while it has lost -3.04% so far this year. A look at the trailing 12-month EPS for KAR yields -1.72 with Next year EPS estimates of 0.77. For the next quarter, that number is 0.13. This implies an EPS growth rate of 57.48% for this year and 13.82% for next year.

Float and Shares Shorts:

At present, 108.91 million KAR shares are outstanding with a float of 105.71 million shares on hand for trading. On Jan 11, 2024, short shares totaled 3.33 million, which was 3.08% higher than short shares on Dec 14, 2023. In addition to KR as the firm’s Kroger Company (The), KKR serves as its KKR & Co. Inc..

Institutional Ownership:

Through their ownership of 102.99% of KAR’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KAR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KAR analysts setting a high price target of $25.00 and a low target of $15.00, the average target price over the next 12 months is $18.29. Based on these targets, KAR could surge 74.09% to reach the target high and rise by 4.46% to reach the target low. Reaching the average price target will result in a growth of 27.37% from current levels.

Summary of Insider Activity:

Insiders traded KAR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 274,912 while 69,225 shares were sold.