Oliver Luxxe Assets LLC Has $4.85 Million Stock Position in OPENLANE, Inc. $KAR

Oliver Luxxe Assets LLC increased its stake in OPENLANE, Inc. (NYSE:KAR) by 131.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,492 shares of the specialty retailer’s stock after buying an additional 95,710 shares during the quarter. Oliver Luxxe Assets LLC owned approximately 0.16% of OPENLANE worth $4,849,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. raised its position in OPENLANE by 77.6% during the second quarter. North Star Investment Management Corp. now owns 1,575 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 688 shares in the last quarter. USA Financial Formulas acquired a new position in shares of OPENLANE during the 3rd quarter worth about $83,000. CWM LLC raised its holdings in shares of OPENLANE by 13.3% in the 2nd quarter. CWM LLC now owns 4,756 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 558 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in OPENLANE in the 2nd quarter valued at about $156,000. Finally, Longboard Asset Management LP bought a new position in OPENLANE during the third quarter worth about $203,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on KAR shares. JPMorgan Chase & Co. upped their price objective on OPENLANE from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Zacks Research raised OPENLANE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Barclays assumed coverage on OPENLANE in a report on Tuesday, November 11th. They set an “overweight” rating and a $32.00 price target for the company. Wall Street Zen cut shares of OPENLANE from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of OPENLANE in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, OPENLANE currently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Insider Buying and Selling at OPENLANE

In related news, EVP Charles S. Coleman sold 88,062 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $26.00, for a total value of $2,289,612.00. Following the transaction, the executive vice president directly owned 53,474 shares in the company, valued at approximately $1,390,324. This represents a 62.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.51% of the company’s stock.

OPENLANE Price Performance

The company has a market cap of $3.28 billion, a P/E ratio of 35.49, a PEG ratio of 1.53 and a beta of 1.25. OPENLANE, Inc. has a one year low of $17.08 and a one year high of $30.98. The firm has a 50-day moving average price of $27.72 and a two-hundred day moving average price of $27.26.

OPENLANE (NYSE:KAR) last posted its earnings results on Wednesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. OPENLANE had a return on equity of 12.42% and a net margin of 9.00%.The business had revenue of $498.40 million during the quarter, compared to analysts’ expectations of $464.40 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. On average, sell-side analysts predict that OPENLANE, Inc. will post 0.95 EPS for the current year.

About OPENLANE

OPENLANE (NYSE: KAR) operates a leading digital marketplace and full-service remarketing platform for used vehicles. The company provides both online and physical auction solutions, leveraging proprietary technology to connect sellers—including automotive manufacturers, dealer groups, rental and fleet operators—to a broad network of independent and franchise dealers. Through its platform, users can access real-time bidding, vehicle inspection reports, pricing guides and comprehensive data analytics to optimize transaction outcomes.

The company’s core offerings include a cloud-based auction management system, digital lane software, mobile bidding applications and marketing services designed to maximize vehicle turn times and resale values.