Openlane
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 Q3 regulatory filings by fund managers ($100M+ AUM)
3% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 32
1% more capital invested
Capital invested by funds: $1.78B [Q2] → $1.8B (+$18.2M) [Q3]
0% more funds holding
Funds holding: 223 [Q2] → 224 (+1) [Q3]
0.69% less ownership
Funds ownership: 99.16% [Q2] → 98.48% (-0.69%) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 72
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barrington Research Gary Prestopino 73% 1-year accuracy 94 / 129 met price target | 26%upside $25 | Outperform Maintained | 7 Nov 2024 |
Barrington Research Gary Prestopino 73% 1-year accuracy 94 / 129 met price target | 26%upside $25 | Outperform Maintained | 4 Nov 2024 |
Barrington Research Gary Prestopino 73% 1-year accuracy 94 / 129 met price target | 26%upside $25 | Outperform Maintained | 20 Sept 2024 |
Barrington Research Gary Prestopino 73% 1-year accuracy 94 / 129 met price target | 26%upside $25 | Outperform Maintained | 22 Aug 2024 |
Financial journalist opinion
Based on 5 articles about KAR published over the past 30 days
