Openlane Inc. (KAR)
NYSE: KAR · IEX Real-Time Price · USD
16.99
-0.09 (-0.53%)
Apr 19, 2024, 4:00 PM EDT - Market closed
Openlane Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Openlane stock have an average target of 20.25, with a low estimate of 16 and a high estimate of 25. The average target predicts an increase of 19.19% from the current stock price of 16.99.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Openlane stock from 4 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell → Hold Upgrades $16 → $20 | Sell → Hold | Upgrades | $16 → $20 | +17.72% | Apr 10, 2024 |
| Barrington Research | Barrington Research | Buy Reiterates $25 | Buy | Reiterates | $25 | +47.15% | Feb 21, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $16 | Hold | Reiterates | $16 | -5.83% | Dec 6, 2023 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $13 | Hold | Reiterates | $13 | -23.48% | Dec 5, 2023 |
| JP Morgan | JP Morgan | Buy Maintains $19 → $20 | Buy | Maintains | $19 → $20 | +17.72% | Oct 16, 2023 |
Financial Forecast
Revenue This Year
1.71B
from 1.65B
Increased by 3.82%
Revenue Next Year
1.81B
from 1.71B
Increased by 5.68%
EPS This Year
0.84
from -1.82
EPS Next Year
1.01
from 0.84
Increased by 20.45%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.9B | 2.0B |
| Avg | 1.7B | 1.8B |
| Low | 1.6B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 12.7% | 15.5% |
| Avg | 3.8% | 5.7% |
| Low | -1.8% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.89 | 1.16 |
| Avg | 0.84 | 1.01 |
| Low | 0.78 | 0.92 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 38.2% |
| Avg | - | 20.4% |
| Low | - | 10.2% |
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.