OpenlaneKAR
Market Cap: $1.79B
About: Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.
Employees: 4,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
0.79% less ownership
Funds ownership: 99.14% [Q1] → 98.34% (-0.79%) [Q2]
5% less capital invested
Capital invested by funds: $1.85B [Q1] → $1.77B (-$85.7M) [Q2]
7% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 74
2% less funds holding
Funds holding: 228 [Q1] → 223 (-5) [Q2]
15% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 33
19% less call options, than puts
Call options by funds: $391K | Put options by funds: $484K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barrington Research Gary Prestopino 46% 1-year accuracy 44 / 96 met price target | 52%upside $25 | Outperform Maintained | 22 Aug 2024 |
Barrington Research Gary Prestopino 46% 1-year accuracy 44 / 96 met price target | 52%upside $25 | Outperform Maintained | 5 Aug 2024 |