The stock of Openlane Inc (NYSE: KAR) has increased by 4.19 when compared to last closing price of 20.07. Despite this, the company has experienced a 2.30% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-02-19 that OPENLANE, Inc. (NYSE:KAR ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Itunu Orelaru – Head-Investor Relations Peter Kelly – Chief Executive Officer Brad Lakhia – Executive Vice President and Chief Financial Officer Conference Call Participants Rajat Gupta – JPMorgan Craig Kennison – Baird John Murphy – Bank of America Bret Jordan – Jefferies Operator Good day and welcome to the OPENLANE Fourth Quarter and Year-End Results 2024 Conference Call. All participants will be in listen-only mode.
Is It Worth Investing in Openlane Inc (NYSE: KAR) Right Now?
The price-to-earnings ratio for Openlane Inc (NYSE: KAR) is above average at 45.76x, Company’s 36-month beta value is 1.56.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for KAR is 105.02M, and currently, short sellers hold a 4.30% ratio of that floaft. The average trading volume of KAR on February 21, 2025 was 681.94K shares.
KAR’s Market Performance
The stock of Openlane Inc (KAR) has seen a 2.30% increase in the past week, with a 1.70% rise in the past month, and a 5.29% gain in the past quarter. The volatility ratio for the week is 4.51%, and the volatility levels for the past 30 days are at 2.76% for KAR. The simple moving average for the last 20 days is 1.50% for KAR stock, with a simple moving average of 15.63% for the last 200 days.
Analysts’ Opinion of KAR
Many brokerage firms have already submitted their reports for KAR stocks, with Stephens repeating the rating for KAR by listing it as a “Equal-Weight.” The predicted price for KAR in the upcoming period, according to Stephens is $20 based on the research report published on January 22, 2025 of the current year 2025.
BofA Securities, on the other hand, stated in their research note that they expect to see KAR reach a price target of $20, previously predicting the price at $16. The rating they have provided for KAR stocks is “Neutral” according to the report published on April 10th, 2024.
BofA Securities gave a rating of “Underperform” to KAR, setting the target price at $17 in the report published on January 09th of the previous year.
KAR Trading at 2.46% 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 -2.79% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares surge +2.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.26% upper at present.
During the last 5 trading sessions, KAR rose by +2.30%, which changed the moving average for the period of 200-days by +18.94% in comparison to the 20-day moving average, which settled at $20.60. In addition, Openlane Inc saw 5.39% 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:
- 0.16 for the present operating margin
- 0.43 for the gross margin
The net margin for Openlane Inc stands at 0.06. The total capital return value is set at 0.14. Equity return is now at value 6.33, with 2.22 for asset returns.
Based on Openlane Inc (KAR), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 1.98.
Currently, EBITDA for the company is 376.6 million with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. The receivables turnover for the company is 7.06for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In a nutshell, Openlane Inc (KAR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
