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
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 3 analysts
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
74% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 27
33% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]
19% more capital invested
Capital invested by funds: $1.8B [Q3] → $2.15B (+$348M) [Q4]
8% more funds holding
Funds holding: 226 [Q3] → 244 (+18) [Q4]
2.83% more ownership
Funds ownership: 98.63% [Q3] → 101.46% (+2.83%) [Q4]
5% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 80
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
1%
downside
Avg. target
$24
18%
upside
High target
$26
29%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
JP Morgan Ryan Brinkman 24% 1-year accuracy 9 / 38 met price target | 1%downside $20 | Neutral Downgraded | 27 Mar 2025 |
Stephens & Co. Jeff Lick 27% 1-year accuracy 3 / 11 met price target | 29%upside $26 | Overweight Upgraded | 28 Feb 2025 |
Barrington Research Gary Prestopino 39% 1-year accuracy 61 / 157 met price target | 24%upside $25 | Outperform Maintained | 21 Feb 2025 |
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
Will Openlane Appoint A CFO Or Sell Itself, That Is The Question
Openlane currently has a vacant CFO position. Remaining management was recently awarded new time-based RSUs. Openlane operates in an attractive wholesale auto market which is large, fragmented and ripe for consolidation, particularly given the current tariff situation for new autos.
Neutral
Seeking Alpha
1 month ago
OPENLANE, Inc. (KAR) Q4 2024 Earnings Call Transcript
OPENLANE, Inc. (NYSE:KAR ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Itunu Orelaru - Head-Investor Relations Peter Kelly - Chief Executive Officer Brad Lakhia - Executive Vice President and Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Craig Kennison - Baird John Murphy - Bank of America Bret Jordan - Jefferies Operator Good day and welcome to the OPENLANE Fourth Quarter and Year-End Results 2024 Conference Call. All participants will be in listen-only mode.
Positive
Zacks Investment Research
1 month ago
OPENLANE (KAR) Q4 Earnings Match Estimates
OPENLANE (KAR) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.
Neutral
PRNewsWire
1 month ago
OPENLANE, Inc. Reports 2024 Financial Results
CARMEL, Ind. , Feb. 19, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2024.
Neutral
PRNewsWire
2 months ago
OPENLANE to Announce Fourth Quarter and Full Year 2024 Earnings
CARMEL, Ind., Jan. 29, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter and full year 2024 financial results after the market closes on Wednesday, Feb. 19, 2025.
Positive
Zacks Investment Research
3 months ago
5 Auto Stocks Poised to Continue Their Winning Streaks in 2025
TSLA, GM, DORM, KAR and BLBD are poised to maintain strong momentum in 2025, driven by industry optimism, innovation and cost efficiency.
Positive
Zacks Investment Research
3 months ago
OPENLANE (KAR) Upgraded to Buy: Here's What You Should Know
OPENLANE (KAR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Positive
Zacks Investment Research
4 months ago
OPENLANE (KAR) Now Trades Above Golden Cross: Time to Buy?
From a technical perspective, OPENLANE, Inc. (KAR) is looking like an interesting pick, as it just reached a key level of support. KAR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Neutral
Business Wire
4 months ago
Karrier One Accelerates Global Connectivity with SCION Integration, Sui Validator Node, and Walrus Decentralized Storage Protocol
TORONTO--(BUSINESS WIRE)---- $KAR #BlockchainTelecom--Karrier One, a global leader in telecommunications and networking solutions, is advancing worldwide connectivity through three strategic initiatives: the integration of SCION services across its network, the establishment of a validator node on Sui, and the adoption of the Walrus decentralized storage protocol. Operating networks in Canada, the USA, Europe, and Africa, with plans to expand to Asia, Karrier One continues to drive global innovation. SCION Integration for.
Neutral
PRNewsWire
4 months ago
OPENLANE to Host Virtual Investor Update
CARMEL, Ind. , Nov. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will host a virtual Investor Update on Tuesday, November 19, 2024, at 10:00 a.m.
Charts implemented using Lightweight Charts™