Openlane Inc. (KAR)

NYSE: KAR · IEX Real-Time Price · USD
17.98
-0.24 (-1.32%)
Jul 19, 2024, 12:20 PM EDT - Market open
-1.32%
Market Cap 1.95B
Revenue (ttm) 1.64B
Net Income (ttm) -148.30M
Shares Out 108.30M
EPS (ttm) -1.79
PE Ratio n/a
Forward PE 20.85
Dividend n/a
Ex-Dividend Date n/a
Volume 117,794
Open 18.16
Previous Close 18.22
Day's Range 17.88 - 18.22
52-Week Range 12.86 - 18.73
Beta 1.45
Analysts Buy
Price Target 20.20 (+12.35%)
Earnings Date Aug 7, 2024

About KAR

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary... [Read more]

IPO Date Dec 11, 2009
Employees 4,500
Stock Exchange NYSE
Ticker Symbol KAR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for KAR stock is "Buy." The 12-month stock price forecast is $20.2, which is an increase of 12.35% from the latest price.

Price Target
$20.2
(12.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

OPENLANE to Announce Second Quarter 2024 Earnings

CARMEL, Ind. , July 18, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2024 financial results ...

20 hours ago - PRNewsWire

OPENLANE Names Itunu Orelaru Head of Investor Relations

Promotion Fortifies Leadership Bench with Broad Financial Experience CARMEL, Ind. , July 17, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale u...

2 days ago - PRNewsWire

OPENLANE Announces Board Appointment with 20+ Years Founding and Leading Tech Innovators

New Director Brings C-Suite Track Record Driving Growth and Success CARMEL, Ind. , June 20, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale us...

4 weeks ago - PRNewsWire

OPENLANE Empowers US Dealers With Faster Vehicle Wholesaling

"Absolute Sale" Delivers Increased Velocity, Higher Engagement, Better Results CARMEL, Ind. , June 4, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wh...

6 weeks ago - PRNewsWire

OPENLANE Announces Participation in Upcoming Investor Conference

CARMEL, Ind. , May 9, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the J.P.

2 months ago - PRNewsWire

OPENLANE, Inc. Reports First Quarter 2024 Financial Results

CARMEL, Ind. , May 1, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2024.

2 months ago - PRNewsWire

OPENLANE to Announce First Quarter 2024 Earnings

CARMEL, Ind. , April 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2024 financial results ...

3 months ago - PRNewsWire

OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations

Nationwide Search to Identify Successor; EVP and CFO Brad Lakhia to Assume Treasurer Role CARMEL, Ind., Feb. 27, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketpl...

5 months ago - PRNewsWire

OPENLANE, Inc. Reports 2023 Financial Results

CARMEL, Ind. , Feb. 20, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2023.

5 months ago - PRNewsWire

OPENLANE Promotes Will Mitchell to Lead AFC

Incoming President Brings 20 Years of Operational and Strategic Expertise CARMEL, Ind. , Feb. 13, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholes...

5 months ago - PRNewsWire

OPENLANE to Announce Fourth Quarter and Full Year 2023 Earnings

CARMEL, Ind. , Feb. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter 2023 financial results a...

5 months ago - PRNewsWire

OPENLANE Launches Visual Boost AI™ to Pinpoint Vehicle Damage

AI-Powered Tool Strengthens Buyer Confidence and Empowers Smarter, Faster Purchase Decisions CARMEL, Ind. , Jan. 3, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marke...

7 months ago - PRNewsWire

OPENLANE Announces Planned Retirement of AFC President Jim Money

CARMEL, Ind., Dec. 14, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the upcoming retirement of AFC President Jim M...

7 months ago - PRNewsWire

OPENLANE to Acquire Manheim Canada

Transaction to Advance Digital Strategy and Growth through Expanded Inventory, Data and Customer Base Acquisition will benefit Canadian buyers and sellers with leading OPENLANE technology and enhanced...

8 months ago - PRNewsWire

OPENLANE Launches US Marketplace Combining BacklotCars and Exclusive Off-Lease Inventory

New Unified Marketplace Simplifies Buying and Selling While Expanding Reach and Access CARMEL, Ind. , Nov. 20, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplac...

8 months ago - PRNewsWire

OPENLANE Announces Participation in Upcoming Investor Conferences

CARMEL, Ind. , Nov. 9, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces participation in the following conferences: RB...

9 months ago - PRNewsWire

OPENLANE, Inc. Reports Third Quarter 2023 Financial Results

CARMEL, Ind. , Nov. 1, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2023.

9 months ago - PRNewsWire

OPENLANE to Announce Third Quarter 2023 Earnings

CARMEL, Ind. , Oct. 18, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its third quarter 2023 financial results a...

9 months ago - PRNewsWire

OPENLANE, Inc. Reports Second Quarter 2023 Financial Results

CARMEL, Ind. , Aug. 2, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2023.

1 year ago - PRNewsWire

OPENLANE to Announce Second Quarter 2023 Earnings

CARMEL, Ind. , July 20, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2023 financial results ...

1 year ago - PRNewsWire

OPENLANE Combines Best of ADESA Canada and TradeRev in Unified Canadian Marketplace

New OPENLANE Canada Expands Reach and Access While Simplifying Buying and Selling Experience CARMEL, Ind. , June 20, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital mark...

1 year ago - PRNewsWire

OPENLANE Announces Results of Offer to Purchase Certain of its Outstanding 5.125% Senior Notes due 2025

CARMEL, Ind. , June 2, 2023 /PRNewswire/ -- OPENLANE, Inc. (f/k/a KAR Auction Services, Inc.) (NYSE: KAR) (the "Company"), today announced the results of its previously announced offer to purchase (th...

1 year ago - PRNewsWire

KAR Global Commences Offer to Purchase Certain of Its Outstanding 5.125% Senior Notes Due 2025

CARMEL, Ind. , May 3, 2023 /PRNewswire/ -- KAR Auction Services, Inc. (to be renamed OPENLANE, Inc.), d/b/a KAR Global (NYSE: KAR) (the "Company"), today announced that it has commenced an offer to pu...

1 year ago - PRNewsWire

KAR Global to Rebrand as OPENLANE

New Brand to Unite Marketplace Brands and Simplify Customer Experience CARMEL, Ind. , May 2, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR) announces it is rebranding to ...

1 year ago - PRNewsWire

KAR Auction Services, Inc. Reports First Quarter 2023 Financial Results

Total revenue increased 14% year-over-year Significant increases in operating profit and income from continuing operations Adjusted EBITDA increased 20% year-over-year CARMEL, Ind. , May 2, 2023 /PRNe...

1 year ago - PRNewsWire