KAR has 36-month beta value of 1.47. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for KAR is 105.65M, and currently, short sellers hold a 3.71% ratio of that float. The average trading volume of KAR on April 05, 2024 was 713.81K shares.
KAR) stock’s latest price update
The stock of Openlane Inc. (NYSE: KAR) has decreased by -2.02 when compared to last closing price of 17.36. Despite this, the company has experienced a -1.79% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Top-ranked stocks Deckers Outdoor (DECK), Five9 (FIVN), Openlane Inc (KAR), Air Lease (AL) and NVIDIA (NVDA) are likely to beat on the bottom line in their upcoming releases.
KAR’s Market Performance
Openlane Inc. (KAR) has seen a -1.79% fall in stock performance for the week, with a 8.07% gain in the past month and a 17.63% surge in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.06% for KAR. The simple moving average for the past 20 days is 3.18% for KAR’s stock, with a 13.21% simple moving average for the past 200 days.
Analysts’ Opinion of KAR
Many brokerage firms have already submitted their reports for KAR stocks, with BofA Securities repeating the rating for KAR by listing it as a “Underperform.” The predicted price for KAR in the upcoming period, according to BofA Securities is $17 based on the research report published on January 09, 2023 of the previous year 2023.
CJS Securities, on the other hand, stated in their research note that they expect to see KAR reach a price target of $20. The rating they have provided for KAR stocks is “Market Outperform” according to the report published on May 04th, 2022.
Northcoast gave a rating of “Neutral” to KAR, setting the target price at $20 in the report published on February 28th of the previous year.
KAR Trading at 10.72% from the 50-Day Moving Average
After a stumble in the market that brought KAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.47% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares surge +8.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.62% upper at present.
During the last 5 trading sessions, KAR fell by -1.79%, which changed the moving average for the period of 200-days by +10.53% in comparison to the 20-day moving average, which settled at $16.55. In addition, Openlane Inc. saw 14.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KAR starting from Money James E. II, who sale 14,822 shares at the price of $15.83 back on Mar 11 ’24. After this action, Money James E. II now owns 44,604 shares of Openlane Inc., valued at $234,632 using the latest closing price.
Kelly Peter J, the Chief Executive Officer of Openlane Inc., purchase 24,000 shares at $14.98 during a trade that took place back on Feb 27 ’24, which means that Kelly Peter J is holding 347,355 shares at $359,520 based on the most recent closing price.
Stock Fundamentals for KAR
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.47 for the gross margin
The net margin for Openlane Inc. stands at -0.09. The total capital return value is set at -0.0. Equity return is now at value -7.65, with -3.16 for asset returns.
Based on Openlane Inc. (KAR), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is -0.03.
Currently, EBITDA for the company is 351.8 million with net debt to EBITDA at 0.93. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 0.64for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
To put it simply, Openlane Inc. (KAR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
