Openlane Inc. (KAR)

NYSE: KAR · IEX Real-Time Price · USD
17.30
-0.02 (-0.12%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

Openlane has a market cap or net worth of $1.87 billion. The enterprise value is $2.14 billion.

Market Cap 1.87B
Enterprise Value 2.14B

Important Dates

The next estimated earnings date is Tuesday, April 30, 2024, after market close.

Earnings Date Apr 30, 2024
Ex-Dividend Date n/a

Share Statistics

Openlane has 108.05 million shares outstanding. The number of shares has decreased by -0.82% in one year.

Shares Outstanding 108.05M
Shares Change (YoY) -0.82%
Shares Change (QoQ) -1.31%
Owned by Insiders (%) 2.22%
Owned by Institutions (%) 103.38%
Float 105.69M

Valuation Ratios

PE Ratio n/a
Forward PE 20.64
PS Ratio 1.14
Forward PS 1.10
PB Ratio 1.41
P/FCF Ratio 10.19
PEG Ratio 1.34
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 19.19, with an EV/FCF ratio of 11.65.

EV / Earnings n/a
EV / Sales 1.30
EV / EBITDA 19.19
EV / EBIT 213.99
EV / FCF 11.65

Financial Position

The company has a current ratio of 1.15, with a Debt / Equity ratio of 0.32.

Current Ratio 1.15
Quick Ratio 1.10
Debt / Equity 0.32
Debt / EBITDA 3.83
Debt / FCF 2.33
Interest Coverage 0.06

Financial Efficiency

Return on equity (ROE) is -11.20% and return on invested capital (ROIC) is -0.30%.

Return on Equity (ROE) -11.20%
Return on Assets (ROA) -3.20%
Return on Capital (ROIC) -0.30%
Revenue Per Employee $365,578
Profits Per Employee -$34,244
Employee Count 4,500
Asset Turnover 0.34
Inventory Turnover n/a

Taxes

In the past 12 months, Openlane has paid $8.30 million in taxes.

Income Tax 8.30M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +35.16% in the last 52 weeks. The beta is 1.22, so Openlane's price volatility has been higher than the market average.

Beta (1Y) 1.22
52-Week Price Change +35.16%
50-Day Moving Average 15.18
200-Day Moving Average 15.00
Relative Strength Index (RSI) 73.96
Average Volume (30 Days) 705,304

Short Selling Information

The latest short interest is 3.88 million, so 3.59% of the outstanding shares have been sold short.

Short Interest 3.88M
Short Previous Month 3.27M
Short % of Shares Out 3.59%
Short % of Float 3.67%
Short Ratio (days to cover) 4.16

Income Statement

In the last 12 months, Openlane had revenue of $1.65 billion and -$154.10 million in losses. Loss per share was -$1.82.

Revenue 1.65B
Gross Profit 777.50M
Operating Income -5.20M
Pretax Income -145.80M
Net Income -154.10M
EBITDA 111.50M
EBIT 10.00M
Loss Per Share -$1.82
Full Income Statement

Balance Sheet

The company has $158.90 million in cash and $427.40 million in debt, giving a net cash position of -$268.50 million or -$2.49 per share.

Cash & Cash Equivalents 158.90M
Total Debt 427.40M
Net Cash -268.50M
Net Cash Per Share -$2.49
Equity / Book Value 1.33B
Book Value Per Share 12.28
Working Capital 363.10M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $235.40 million and capital expenditures -$51.70 million, giving a free cash flow of $183.70 million.

Operating Cash Flow 235.40M
Capital Expenditures -51.70M
Free Cash Flow 183.70M
FCF Per Share $1.70
Full Cash Flow Statement

Margins

Gross margin is 47.26%, with operating and profit margins of -0.32% and -9.37%.

Gross Margin 47.26%
Operating Margin -0.32%
Pretax Margin -8.86%
Profit Margin -9.37%
EBITDA Margin 6.78%
EBIT Margin 0.61%
FCF Margin 11.17%

Dividends & Yields

Openlane does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 0.82%
Shareholder Yield 0.82%
Earnings Yield -8.23%
FCF Yield 9.82%
Dividend Details

Analyst Forecast

The average price target for Openlane is $20.33, which is 17.51% higher than the current price. The consensus rating is "Buy".

Price Target $20.33
Price Target Difference 17.51%
Analyst Consensus Buy
Analyst Count 3
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on June 28, 2019. It was a forward split with a ratio of 2642:1000.

Last Split Date Jun 28, 2019
Split Type Forward
Split Ratio 2642:1000

Scores

Openlane has an Altman Z-Score of 0.96 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.96
Piotroski F-Score 7