Openlane (KAR)

• Market cap: $2.24B
• 1 day: 0.05%
• 5 days: 1.65%
• 1 month: 1.75%
• 3 months: 5.44%
• 6 months: 20.58%
• Year to date: 3.67%
• 1 year: 42.41%
• 5 years: -5.98%
• 10 years: -43.44%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

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 Q4 regulatory filings by fund managers ($100M+ AUM)

1,514% more call options, than puts

Call options by funds: $113K | Put options by funds: $7K

70% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 27

33% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]

8% more capital invested

Capital invested by funds: $1.8B [Q3] → $1.95B (+$149M) [Q4]

6% more funds holding

Funds holding: 226 [Q3] → 240 (+14) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 78

6.59% less ownership

Funds ownership: 98.64% [Q3] → 92.05% (-6.59%) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $20 4% downside
• Avg. target: $23 8% upside
• High target: $25 20% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Barrington Research Gary Prestopino 66% 1-year accuracy 97 / 147 met price target	20% upside $25	Outperform Maintained	21 Feb 2025
Stephens & Co. Jeff Lick 67% 1-year accuracy 6 / 9 met price target	4% downside $20	Equal-Weight Initiated	22 Jan 2025