Ultime notizie per Openlane (NYSE:KAR) Azioni

Openlane

Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.

KAR Auction Services

Openlane Inc

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4 analysts have shared their evaluations of Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.5, a high estimate of $25.00, and a low estimate of $23.00. This upward trend is evident, with the current average reflecting a 2.08% increase from the previous average price target of $24.00.
<img src="https://www.benzinga.com/files/images/story/2024/1732107660_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Openlane by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$23.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$25.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Openlane. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Openlane compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Openlane's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Openlane's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/KAR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Openlane analyst ratings.</a>
<h2>Discovering Openlane: A Closer Look</h2>
Openlane Inc offers a digital marketplace for used vehicles. The services comprise financing, repossessions, repairs, transportation, warranty, and inventory services. It operates used-vehicle auctions and offers complete online services for all parties involved. The company has two operating segments which include Marketplace and Finance, of which it generates the majority of the revenue from the Marketplace segment.
<h3>Key Indicators: Openlane's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Openlane's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 7.71%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Openlane's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 2.9%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.98%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Openlane's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.28%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Openlane's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.25.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Latest Analyst Ratings For Openlane

JP Morgan analyst Ryan Brinkman maintains Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) with a Overweight and raises the price target from $21 to $23.

News

Price Target

JP Morgan Maintains Overweight on Openlane, Raises Price Target to $23

Barrington Research analyst Gary Prestopino maintains Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) with a Outperform and maintains $25 price target.

Barrington Research Maintains Outperform on Openlane, Maintains $25 Price Target

Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.22 by 18.18 percent. This is a 44.44 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $448.400 million which beat the analyst consensus estimate of $432.762 million by 3.61 percent. This is a 7.71 percent increase over sales of $416.300 million the same period last year.

Earnings

Earnings Beats

Openlane Q3 2024 Adj. EPS $0.26 Beats $0.22 Estimate, Sales $448.400M Beat $432.762M Estimate

Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) raises FY2024 Adj EPS guidance from $0.77-0.87 to $0.81-0.87 vs $0.79 analyst estimate..

Guidance

Openlane Raises FY2024 Adj EPS Guidance from $0.77-0.87 to $0.81-0.87 vs $0.79 Est

Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) raises FY2024 GAAP EPS guidance from $0.14-0.24 to $0.21-0.27 vs $0.20 analyst estimate..

Openlane Raises FY2024 GAAP EPS Guidance from $0.14-0.24 to $0.21-0.27 vs $0.20 Est

OPENLANE Sees FY24 EPS $0.77-$0.87

Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $0.21 by 9.52 percent. The company reported quarterly sales of $431.800 million which beat the analyst consensus estimate of $429.608 million by 0.51 percent. This is a 3.57 percent increase over sales of $416.900 million the same period last year.

Earnings Misses

Openlane Q2 2024 Adj. EPS $0.19 Misses $0.21 Estimate, Sales $431.800M Beat $429.608M Estimate

Barrington Research analyst Gary Prestopino reiterates Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) with a Outperform and maintains $25 price target.

Reiteration

Barrington Research Reiterates Outperform on Openlane, Maintains $25 Price Target

Baird analyst Craig Kennison maintains Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) with a Outperform and raises the price target from $18 to $20.

Baird Maintains Outperform on Openlane, Raises Price Target to $20

OPENLANE Sees FY24 Adj. EPS $0.77-$0.87 Vs $0.83 Est.

WIIM

OPENLANE shares are trading lower after the company reported worse-than-expected Q1 financial results.

Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $0.21 by 9.52 percent. This is a 58.33 percent increase over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $416.300 million which missed the analyst consensus estimate of $424.565 million by 1.95 percent. This is a 1.02 percent decrease over sales of $420.600 million the same period last year.

Openlane Q1 2024 Adj EPS $0.19 Misses $0.21 Estimate, Sales $416.300M Miss $424.565M Estimate

<h3>Gainers</h3>
<ul>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) stock increased by 13.5% to $7.41 during Wednesday's after-market session. The company's market cap stands at $1.2 billion. The company's, Q1 earnings came out today. </li>
<li>C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) shares rose 11.05% to $80.06. The market value of their outstanding shares is at $9.2 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares increased by 9.56% to $0.25. The company's market cap stands at $11.3 million. </li>
<li>Upwork (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) stock rose 5.76% to $12.65. The company's market cap stands at $1.6 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Hydrofarm Holdings Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYFM#NASDAQ">HYFM</a>) shares rose 4.99% to $0.94. The market value of their outstanding shares is at $43.0 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock moved upwards by 4.16% to $2.25. The company's market cap stands at $195.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) stock declined by 14.8% to $14.86 during Wednesday's after-market session. The market value of their outstanding shares is at $1.6 billion. The company's, Q1 earnings came out today. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) shares declined by 10.22% to $0.21. The market value of their outstanding shares is at $19.6 million. </li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock decreased by 9.26% to $169.0. The company's market cap stands at $9.8 billion. The company's, Q1 earnings came out today. </li>
<li>Conduent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNDT#NASDAQ">CNDT</a>) shares decreased by 6.88% to $3.25. The company's market cap stands at $678.0 million. As per the news, the Q1 earnings report came out today. </li>
<li>Dun &amp; Bradstreet Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNB#NYSE">DNB</a>) stock decreased by 6.72% to $8.61. The market value of their outstanding shares is at $3.8 billion. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock fell 5.15% to $1.66. The market value of their outstanding shares is at $19.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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12 Industrials Stocks Moving In Wednesday's After-Market Session

B of A Securities analyst John Murphy upgrades Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) from Underperform to Neutral and raises the price target from $16 to $20.

Upgrades

B of A Securities Upgrades Openlane to Neutral, Raises Price Target to $20

Here are the major earnings after the close today

KAR Auction Non-GAAP EPS of $0.26 beats by $0.04, revenue of $448.4M beats by $16.71M

16:45 EST Openlane (KAR) sees 2024 adjusted EPS 81c-87c, consensus 79c Published first on TheFly – the ultimate source for real-time, market-moving...

Openlane sees 2024 adjusted EPS 81c-87c, consensus 79c

OPENLANE, Inc. (KAR) Q3 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Under Armour (UAA – Research Report) and Kar ...

Analysts Offer Insights on Consumer Cyclical Companies: Under Armour (UAA) and Kar Auction Services (KAR)

Barrington analyst Gary Prestopino maintained a Buy rating on Kar Auction Services (KAR – Research Report) today and set a price target of $25.00. ...

OPENLANE Receives Buy Rating from Analyst Due to Strong Q3/24 Performance and Strategic Initiatives

Kar Auction Services ( ($KAR) ) just unveiled an update. OPENLANE, Inc. is set to hold a virtual investor update, emphasizing strategic growth, inn...

Kar Auction Services Highlights Strategic Growth and Innovation

JPMorgan raised the firm's price target on Openlane (KAR) to $23 from $21 and keeps an Overweight rating on the shares after meeting with managemen...

Openlane price target raised to $23 from $21 at JPMorgan

Analyst Craig Kennison of Robert W. Baird maintained a Buy rating on Kar Auction Services (KAR – Research Report), retaining the price target of $2...

Unlocking Value: Strategic Insights on Kar Auction Services' Financial Potential

CBIZ (CBZ) announced that Brad Lakhia will become its next Senior Vice President and CFO, succeeding Ware Grove who plans to retire after a success...

CBIZ names Brad Lakhia as CFO, succeeding Ware Grove

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Press Releases

OPENLANE Empowers US Dealers With Faster Vehicle Wholesaling

OPENLANE Announces Board Appointment with 20+ Years Founding and Leading Tech Innovators

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