Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Openlane Inc (NYSE: KAR) closed the day trading at $20.07 down -0.25% from the previous closing price of $20.12. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 0.89 million shares were traded.
Ratios:
For a better understanding of KAR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stephens on January 22, 2025, initiated with a Equal-Weight rating and assigned the stock a target price of $20.
On April 10, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $16 to $20.
BofA Securities Downgraded its Buy to Underperform on January 09, 2023, whereas the target price for the stock was revised from $23 to $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 13 ’24 when Lakhia Brad S. bought 4,985 shares for $20.06 per share. The transaction valued at 99,999 led to the insider holds 14,303 shares of the business.
Coyle James P sold 6,000 shares of KAR for $108,540 on May 15 ’24. The EVP, President NA Marketplaces now owns 23,885 shares after completing the transaction at $18.09 per share. On Mar 11 ’24, another insider, Money James E. II, who serves as the AFC President of the company, sold 14,822 shares for $15.83 each. As a result, the insider received 234,632 and left with 44,604 shares of the company.
Valuation Measures:
As of this moment, Openlane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 106.19, and their Forward P/E ratio for the next fiscal year is 16.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 1.62.
Stock Price History:
Over the past 52 weeks, KAR has reached a high of $21.51, while it has fallen to a 52-week low of $12.86. The 50-Day Moving Average of the stock is -1.60%, while the 200-Day Moving Average is calculated to be 11.09%.
Shares Statistics:
A total of 106.84M shares are outstanding, with a floating share count of 105.02M. Insiders hold about 1.71% of the company’s shares, while institutions hold 102.02% stake in the company.
