OPENLANE (NYSE:KAR – Get Free Report) posted its quarterly earnings results on Wednesday. The specialty retailer reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. OPENLANE had a net margin of 4.26% and a return on equity of 8.67%. OPENLANE updated its FY 2025 guidance to 0.900-1.000 EPS.
OPENLANE Stock Performance
KAR opened at $20.05 on Thursday. The stock’s 50 day moving average price is $20.38 and its 200-day moving average price is $18.51. OPENLANE has a 52-week low of $12.86 and a 52-week high of $21.51. The stock has a market capitalization of $2.14 billion, a PE ratio of 77.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52.
Analysts Set New Price Targets
KAR has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on OPENLANE from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of OPENLANE in a research note on Friday, February 14th. StockNews.com raised shares of OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Stephens assumed coverage on OPENLANE in a report on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.60.
About OPENLANE
OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles.
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