Openlane Inc. (KAR)
NYSE: KAR · IEX Real-Time Price · USD
16.76
+0.39 (2.38%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Openlane Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Openlane stock have an average target of 20.2, with a low estimate of 16 and a high estimate of 25. The average target predicts an increase of 20.53% from the current stock price of 16.76.
Analyst Consensus: Buy
* Price targets were last updated on May 2, 2024.
Analyst Ratings
The average analyst rating for Openlane stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 3 | 3 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +49.16% | May 2, 2024 |
| Baird | Baird | Buy Maintains $18 → $20 | Buy | Maintains | $18 → $20 | +19.33% | May 2, 2024 |
| B of A Securities | B of A Securities | Sell → Hold Upgrades $16 → $20 | Sell → Hold | Upgrades | $16 → $20 | +19.33% | Apr 10, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +49.16% | Feb 21, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $16 | Hold | Reiterates | $16 | -4.53% | Dec 6, 2023 |
Financial Forecast
Revenue This Year
1.71B
from 1.65B
Increased by 3.76%
Revenue Next Year
1.81B
from 1.71B
Increased by 6.15%
EPS This Year
0.81
from -1.82
EPS Next Year
1.00
from 0.81
Increased by 22.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.8B | 1.9B | 2.1B |
| Avg | 1.7B | 1.8B | 2.0B |
| Low | 1.6B | 1.7B | 1.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.8% | 13.7% | 13.4% |
| Avg | 3.8% | 6.2% | 9.1% |
| Low | -0.0% | 0.1% | 5.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.89 | 1.10 | 1.47 |
| Avg | 0.81 | 1.00 | 1.41 |
| Low | 0.75 | 0.93 | 1.37 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 35.4% | 47.0% |
| Avg | - | 22.8% | 41.4% |
| Low | - | 14.2% | 37.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.