Openlane Inc. (KAR)
Market Cap | 1.88B |
Revenue (ttm) | 1.65B |
Net Income (ttm) | -154.10M |
Shares Out | 108.05M |
EPS (ttm) | -1.82 |
PE Ratio | n/a |
Forward PE | 20.69 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 424,886 |
Open | 17.52 |
Previous Close | 17.38 |
Day's Range | 17.40 - 17.60 |
52-Week Range | 12.86 - 17.70 |
Beta | 1.22 |
Analysts | Buy |
Price Target | 20.25 (+16.25%) |
Earnings Date | May 1, 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]
Financial Performance
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for KAR stock is "Buy." The 12-month stock price forecast is $20.25, which is an increase of 16.25% from the latest price.
News
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 ...
OPENLANE Announces Participation in Upcoming Investor Conference
CARMEL, Ind. , March 14, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the BofA Securities Automotive Sum...
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...
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.
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...
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...
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...
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...
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...
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...
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...
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.
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...
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.
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 ...
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...
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...
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...
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 ...
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...
KAR Auction Services, Inc. to Announce First Quarter 2023 Earnings
CARMEL, Ind. , April 19, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first qu...
KAR Global Announces Retirement of Executive Chairman Jim Hallett
Peter Kelly to Continue as CEO, Michael Kestner Named Chairman of the Board CARMEL, Ind. , March 31, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of...
KAR Auction Services, Inc. Reports 2022 Financial Results
Total revenue and gross profit increased for the quarter and year Cost actions completed on schedule and contributed to a reduction in fourth quarter selling, general and administrative expenses Compl...
KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2022 Earnings
CARMEL, Ind. , Feb. 8, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth qua...
Integration of BacklotCars and CARWAVE Provides Dealers the Best of Both Offerings
CARMEL, Ind. , Jan. 23, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the integration...