10-May-2024
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OPENLANE Announces Participation in Upcoming Investor Conference
PRNewswire (Thu, 9-May 4:15 PM ET)
OPENLANE, Inc. Reports First Quarter 2024 Financial Results
PRNewswire (Wed, 1-May 4:10 PM ET)
OPENLANE to Announce First Quarter 2024 Earnings
PRNewswire (Tue, 16-Apr 4:15 PM ET)
Fuel Me Secures $18 Million in Oversubscribed Series A to Redefine Fuel Procurement as We Know It
PRNewswire (Wed, 20-Mar 8:29 PM ET)
OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations
PRNewswire (Tue, 27-Feb 8:15 AM ET)
OPENLANE, Inc. Reports 2023 Financial Results
PRNewswire (Tue, 20-Feb 4:15 PM ET)
OPENLANE Promotes Will Mitchell to Lead AFC
PRNewswire (Tue, 13-Feb 4:15 PM ET)
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.
Openlane trades on the NYSE stock market under the symbol KAR.
As of May 10, 2024, KAR stock price climbed to $17.74 with 373,366 million shares trading.
KAR has a beta of 1.09, meaning it tends to be more sensitive to market movements. KAR has a correlation of 0.32 to the broad based SPY ETF.
KAR has a market cap of $1.92 billion. This is considered a Small Cap stock.
Last quarter Openlane reported $416 million in Revenue and $.19 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.02.
In the last 3 years, KAR stock traded as high as $22.10 and as low as $11.15.
The top ETF exchange traded funds that KAR belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
KAR has underperformed the market in the last year with a price return of +18.9% while the SPY ETF gained +27.8%. However, in the short term, KAR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +23.4% vs +4.2% return in SPY. But in the last 2 weeks, KAR shares have been beat by the market, returning +1.8% compared to an SPY return of +2.5%.
KAR support price is $17.39 and resistance is $18.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KAR stock will trade within this expected range on the day.