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After finishing at $16.31 in the prior trading day, Openlane Inc. (NYSE: KAR) closed at $16.02, down -1.78%. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 0.82 million shares were traded. KAR stock price reached its highest trading level at $16.29 during the session, while it also had its lowest trading level at $15.765.
Ratios:
Our goal is to gain a better understanding of KAR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.20. 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 0.98 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 the company, BofA Securities on April 10, 2024, Upgraded its rating to Neutral and sets its target price to $20 from $16 previously.
On January 09, 2023, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $23 to $17.
CJS Securities Upgraded its Market Perform to Market Outperform on May 04, 2022, while the target price for the stock was maintained at $20.
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 May 15 ’24 when Coyle James P sold 6,000 shares for $18.09 per share. The transaction valued at 108,540 led to the insider holds 23,885 shares of the business.
Money James E. II sold 14,822 shares of KAR for $234,632 on Mar 11 ’24. The AFC President now owns 44,604 shares after completing the transaction at $15.83 per share. On Feb 27 ’24, another insider, Kelly Peter J, who serves as the Chief Executive Officer of the company, bought 24,000 shares for $14.98 each. As a result, the insider paid 359,520 and bolstered with 347,355 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KAR now has a Market Capitalization of 1771587712 and an Enterprise Value of 4202781952. As of this moment, Openlane’s Price-to-Earnings (P/E) ratio for their current fiscal year is 198.76, and their Forward P/E ratio for the next fiscal year is 17.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.538 whereas that against EBITDA is 12.035.
Stock Price History:
Over the past 52 weeks, KAR has reached a high of $18.73, while it has fallen to a 52-week low of $12.86. The 50-Day Moving Average of the stock is -7.41%, while the 200-Day Moving Average is calculated to be -1.27%.
Shares Statistics:
The stock has traded on average 689.21K shares per day over the past 3-months and 883550 shares per day over the last 10 days, according to various share statistics. A total of 108.04M shares are outstanding, with a floating share count of 106.39M. Insiders hold about 2.05% of the company’s shares, while institutions hold 99.54% stake in the company. Shares short for KAR as of 1723680000 were 3665108 with a Short Ratio of 5.32, compared to 1721001600 on 3545556. Therefore, it implies a Short% of Shares Outstanding of 3665108 and a Short% of Float of 4.77.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.28.
