OPENLANE, Inc. (KAR)

NYSE: KAR · Real-Time Price · USD
15.97
-0.27 (-1.66%)
Oct 22, 2024, 4:00 PM EDT - Market closed
-1.66%
Market Cap 1.73B
Revenue (ttm) 1.66B
Net Income (ttm) 10.10M
Shares Out 108.62M
EPS (ttm) 0.09
PE Ratio 187.33
Forward PE 18.42
Dividend n/a
Ex-Dividend Date n/a
Volume 749,179
Open 16.14
Previous Close 16.24
Day's Range 15.94 - 16.21
52-Week Range 12.86 - 18.73
Beta 1.45
Analysts Buy
Price Target 20.25 (+26.8%)
Earnings Date Nov 6, 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 4 analysts, the average rating for KAR stock is "Buy." The 12-month stock price forecast is $20.25, which is an increase of 26.80% from the latest price.

Price Target
$20.25
(26.80% upside)
Analyst Consensus: Buy
Stock Forecasts

News

OPENLANE to Announce Third Quarter 2024 Earnings

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

6 days ago - PRNewsWire

OPENLANE Transforms Condition Reports with Actionable OBD2 Intelligence

New Code Boost IQ Exploits Data Moat to Empower US Dealers with Smarter, Faster Purchase Decisions CARMEL, Ind. , Aug. 15, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digita...

2 months ago - PRNewsWire

OPENLANE, Inc. (KAR) Q2 2024 Earnings Call Transcript

OPENLANE, Inc. (NYSE:KAR) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Itunu Orelaru – Head-Investor Relations Peter Kelly – Chief Executive Officer Brad Lakhia – E...

2 months ago - Seeking Alpha

OPENLANE, Inc. Reports Second Quarter 2024 Financial Results

CARMEL, Ind. , Aug. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2024.

2 months ago - PRNewsWire

OPENLANE Revolutionizes Wholesaling with Faster, Easier Sales for US Dealers

New Automated Absolute Sale Empowers Dealers to "Set and Forget", Capture Optimal Buyer Demand in Real Time CARMEL, Ind. , Aug. 6, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator o...

2 months ago - PRNewsWire

Openlane: Buy On Earnings Turnaround And Market Share Gains

OPENLANE is a leading used car conglomerate that reported $200 million in losses in 2023 but will likely swing to $100 million in net profit by 2025. OPENLANE's primary source of losses, its marketpla...

3 months ago - Seeking Alpha

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 ...

3 months 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...

3 months 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 months 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...

5 months 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.

5 months ago - PRNewsWire

OPENLANE, Inc. (KAR) Q1 2024 Earnings Call Transcript

OPENLANE, Inc. (NYSE:KAR) Q1 2024 Earnings Conference Call May 1, 2024 4:30 PM ET Company Participants Mike Eliason - Treasurer and Vice President of Investor Relations Peter Kelly - Chief Executive ...

6 months ago - Seeking Alpha

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.

6 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 ...

6 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...

8 months ago - PRNewsWire

OPENLANE, Inc. (KAR) Q4 2023 Earnings Call Transcript

OPENLANE, Inc. (KAR) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

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.

8 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...

9 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...

9 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...

10 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...

11 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...

11 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...

1 year ago - PRNewsWire

Openlane: Attractive Valuation Warrants A Buy

Openlane is given a Buy rating due to its strong performance in the dealer-to-dealer segment, stable operating margins, and undervaluation compared to peers. The company's gross profit margins have im...

1 year ago - Seeking Alpha

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...

1 year ago - PRNewsWire