Openlane Inc (NYSE: KAR) has seen a decline in its stock price by -0.45 in relation to its previous close of 20.19. However, the company has experienced a 1.72% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-23 that TSLA, GM, DORM, KAR and BLBD are poised to maintain strong momentum in 2025, driven by industry optimism, innovation and cost efficiency.
Is It Worth Investing in Openlane Inc (NYSE: KAR) Right Now?
Openlane Inc (NYSE: KAR) has a price-to-earnings ratio that is above its average at 106.35x. The stock has a 36-month beta value of 1.53. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for KAR is 105.05M, and at present, short sellers hold a 4.17% of that float. On January 20, 2025, the average trading volume of KAR was 700.32K shares.
KAR’s Market Performance
KAR’s stock has seen a 1.72% increase for the week, with a -3.13% drop in the past month and a 24.30% gain in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 2.46% for Openlane Inc The simple moving average for the past 20 days is -0.31% for KAR’s stock, with a 13.42% 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 “Neutral.” The predicted price for KAR in the upcoming period, according to BofA Securities is $20 based on the research report published on April 10, 2024 of the previous year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see KAR reach a price target of $17, previously predicting the price at $23. The rating they have provided for KAR stocks is “Underperform” according to the report published on January 09th, 2023.
CJS Securities gave a rating of “Market Outperform” to KAR, setting the target price at $20 in the report published on May 04th of the previous year.
KAR Trading at 0.52% 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 -3.60% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -0.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.07% upper at present.
During the last 5 trading sessions, KAR rose by +1.72%, which changed the moving average for the period of 200-days by +17.75% in comparison to the 20-day moving average, which settled at $20.16. In addition, Openlane Inc saw 1.31% 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 Lakhia Brad S., who purchase 4,985 shares at the price of $20.06 back on Nov 13 ’24. After this action, Lakhia Brad S. now owns 14,303 shares of Openlane Inc, valued at $99,999 using the latest closing price.
Coyle James P, the EVP, President NA Marketplaces of Openlane Inc, sale 6,000 shares at $18.09 during a trade that took place back on May 15 ’24, which means that Coyle James P is holding 23,885 shares at $108,540 based on the most recent closing price.
Stock Fundamentals for KAR
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.43 for the gross margin
The net margin for Openlane Inc stands at 0.04. The total capital return value is set at 0.13. Equity return is now at value 3.38, with 1.39 for asset returns.
Based on Openlane Inc (KAR), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.84. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 1.69.
Currently, EBITDA for the company is 110.8 million with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.39. The receivables turnover for the company is 0.68for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To sum up, Openlane Inc (KAR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
