Openlane Inc (KAR)

$24.95 -0.52 (-2.04%)
Market Cap 2.68B
Revenue (ttm) 1.79B
Net Income (ttm) 109.90M
EPS (ttm) N/A
PE Ratio 26.26
Forward PE 26.08
Profit Margin 6.14%
Debt to Equity Ratio 0.16
Volume 917,300
Avg Vol 886,850
Day's Range N/A - N/A
Shares Out 107.38M
Stochastic %K 48%
Beta 1.41
Analysts Sell
Price Target $23.14

Company Profile

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in the United States, Canada, Continental Europe and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles; and value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspectio...

Industry: Auto & Truck Dealerships
Sector: Consumer Cyclical
Phone: 800 923 3725
Address:
11299 North Illinois Street, Suite 500, Carmel, United States
indievestments
indievestments Jul. 6 at 4:24 PM
$KAR chart looks great. Very quiet. Still think $CPRT should acquire it with all its excess cash.
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indievestments
indievestments Jun. 30 at 1:12 PM
$KAR removal of Canada DST helps these guys a little bit.
0 · Reply
JarvisFlow
JarvisFlow Jun. 30 at 1:00 PM
B of A Securities updates rating for Openlane ( $KAR ) to Neutral, target set at 24 → 22.
0 · Reply
indievestments
indievestments Jun. 23 at 7:27 PM
$KAR hanging in there. Should be 30+ imo. No position at the moment as my attention is elsewhere. But this one is nice if have longer horizon.
0 · Reply
indievestments
indievestments Jun. 16 at 9:59 PM
$KAR remains a cheap stock but not sure there are any imminent catalysts. Just a $250 million share buyback in place and they retired all remaining debt a couple weeks ago (unsure if they drew on revolver at all if they are also using cash to aggressively buyback stock). over $31 zone for 20 of 30 days and APAX gets converted to common shares and company saves 40 mil/yr in preferred divi's.
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indievestments
indievestments Jun. 12 at 1:14 PM
$KAR over $31 zone for 20/30 trading days and KAR can force preferred share holders to convert to common shares. Saves them $40 million/yr in preferred dividends. KAR is cash flow machine.
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NYSE_TRADERS
NYSE_TRADERS Jun. 10 at 10:50 AM
$KAR This company is massive massive fraud. I am car dealer. They are stealing the VAT tax from us, 20% ! Their gross margin is 39% on used cars !!!! CRAZY HIGH ! I bought 2 cars from them, never again. Now bought directly from USA !
1 · Reply
Doozio
Doozio Jun. 4 at 1:09 PM
$CARR yes it is on that 5/1 gap n GOGO’. So scrabble bag da $KAR on 5/8 n let’s get DRVN into the weekend during 🐒🍌🧠⏰♾️
0 · Reply
vq35guy
vq35guy Jun. 4 at 12:28 AM
$KAR better than that scam $CVNA
1 · Reply
indievestments
indievestments May. 29 at 6:34 PM
$KAR market is dead as a door nail this thing just hanging around. Chart looks great on multiple time frames but just zero interest.
0 · Reply
Latest News on KAR
OPENLANE, Inc. (KAR) Q1 2025 Earnings Call Transcript

May 8, 2025, 6:00 AM EDT - 2 months ago

OPENLANE, Inc. (KAR) Q1 2025 Earnings Call Transcript

OPENLANE, Inc. Reports First Quarter 2025 Financial Results

May 7, 2025, 4:15 PM EDT - 2 months ago

OPENLANE, Inc. Reports First Quarter 2025 Financial Results

OPENLANE Names Brad Herring Chief Financial Officer

Apr 22, 2025, 4:15 PM EDT - 2 months ago

OPENLANE Names Brad Herring Chief Financial Officer

OPENLANE to Announce First Quarter 2025 Earnings

Apr 16, 2025, 4:15 PM EDT - 3 months ago

OPENLANE to Announce First Quarter 2025 Earnings

Will Openlane Appoint A CFO Or Sell Itself, That Is The Question

Mar 18, 2025, 12:24 PM EDT - 4 months ago

Will Openlane Appoint A CFO Or Sell Itself, That Is The Question

OPENLANE, Inc. (KAR) Q4 2024 Earnings Call Transcript

Feb 19, 2025, 10:32 PM EST - 5 months ago

OPENLANE, Inc. (KAR) Q4 2024 Earnings Call Transcript

OPENLANE, Inc. Reports 2024 Financial Results

Feb 19, 2025, 4:15 PM EST - 5 months ago

OPENLANE, Inc. Reports 2024 Financial Results

OPENLANE to Announce Fourth Quarter and Full Year 2024 Earnings

Jan 29, 2025, 4:15 PM EST - 5 months ago

OPENLANE to Announce Fourth Quarter and Full Year 2024 Earnings

Karrier One Accelerates Global Connectivity with SCION Integration, Sui Validator Node, and Walrus Decentralized Storage Protocol

Nov 12, 2024, 9:00 AM EST - 8 months ago

Karrier One Accelerates Global Connectivity with SCION Integration, Sui Validator Node, and Walrus Decentralized Storage Protocol

OPENLANE to Host Virtual Investor Update

Nov 7, 2024, 8:00 AM EST - 8 months ago

OPENLANE to Host Virtual Investor Update

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

Nov 6, 2024, 11:32 PM EST - 8 months ago

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

OPENLANE, Inc. Reports Third Quarter 2024 Financial Results

Nov 6, 2024, 4:15 PM EST - 8 months ago

OPENLANE, Inc. Reports Third Quarter 2024 Financial Results

OPENLANE to Announce Third Quarter 2024 Earnings

Oct 16, 2024, 4:15 PM EDT - 9 months ago

OPENLANE to Announce Third Quarter 2024 Earnings

OPENLANE Transforms Condition Reports with Actionable OBD2 Intelligence

Aug 15, 2024, 8:30 AM EDT - 11 months ago

OPENLANE Transforms Condition Reports with Actionable OBD2 Intelligence

OPENLANE, Inc. (KAR) Q2 2024 Earnings Call Transcript

Aug 7, 2024, 10:26 PM EDT - 1 year ago

OPENLANE, Inc. (KAR) Q2 2024 Earnings Call Transcript

OPENLANE, Inc. Reports Second Quarter 2024 Financial Results

Aug 7, 2024, 4:15 PM EDT - 1 year ago

OPENLANE, Inc. Reports Second Quarter 2024 Financial Results

OPENLANE Revolutionizes Wholesaling with Faster, Easier Sales for US Dealers

Aug 6, 2024, 8:15 AM EDT - 1 year ago

OPENLANE Revolutionizes Wholesaling with Faster, Easier Sales for US Dealers

Openlane: Buy On Earnings Turnaround And Market Share Gains

Jul 24, 2024, 8:09 AM EDT - 1 year ago

Openlane: Buy On Earnings Turnaround And Market Share Gains

OPENLANE to Announce Second Quarter 2024 Earnings

Jul 18, 2024, 4:15 PM EDT - 1 year ago

OPENLANE to Announce Second Quarter 2024 Earnings

OPENLANE Names Itunu Orelaru Head of Investor Relations

Jul 17, 2024, 8:00 AM EDT - 1 year ago

OPENLANE Names Itunu Orelaru Head of Investor Relations

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

Jun 20, 2024, 4:15 PM EDT - 1 year ago

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

OPENLANE Empowers US Dealers With Faster Vehicle Wholesaling

Jun 4, 2024, 8:15 AM EDT - 1 year ago

OPENLANE Empowers US Dealers With Faster Vehicle Wholesaling

OPENLANE Announces Participation in Upcoming Investor Conference

May 9, 2024, 4:15 PM EDT - 1 year ago

OPENLANE Announces Participation in Upcoming Investor Conference

OPENLANE, Inc. (KAR) Q1 2024 Earnings Call Transcript

May 1, 2024, 10:39 PM EDT - 1 year ago

OPENLANE, Inc. (KAR) Q1 2024 Earnings Call Transcript

OPENLANE, Inc. Reports First Quarter 2024 Financial Results

May 1, 2024, 4:10 PM EDT - 1 year ago

OPENLANE, Inc. Reports First Quarter 2024 Financial Results

OPENLANE to Announce First Quarter 2024 Earnings

Apr 16, 2024, 4:15 PM EDT - 1 year ago

OPENLANE to Announce First Quarter 2024 Earnings

OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations

Feb 27, 2024, 8:15 AM EST - 1 year ago

OPENLANE Announces Retirement of Mike Eliason, Treasurer and Vice President of Investor Relations

OPENLANE, Inc. (KAR) Q4 2023 Earnings Call Transcript

Feb 20, 2024, 10:46 PM EST - 1 year ago

OPENLANE, Inc. (KAR) Q4 2023 Earnings Call Transcript

OPENLANE, Inc. Reports 2023 Financial Results

Feb 20, 2024, 4:15 PM EST - 1 year ago

OPENLANE, Inc. Reports 2023 Financial Results

OPENLANE Promotes Will Mitchell to Lead AFC

Feb 13, 2024, 4:15 PM EST - 1 year ago

OPENLANE Promotes Will Mitchell to Lead AFC

OPENLANE to Announce Fourth Quarter and Full Year 2023 Earnings

Feb 7, 2024, 4:15 PM EST - 1 year ago

OPENLANE to Announce Fourth Quarter and Full Year 2023 Earnings

OPENLANE Launches Visual Boost AI™ to Pinpoint Vehicle Damage

Jan 3, 2024, 8:00 AM EST - 1 year ago

OPENLANE Launches Visual Boost AI™ to Pinpoint Vehicle Damage

OPENLANE Announces Planned Retirement of AFC President Jim Money

Dec 14, 2023, 11:45 AM EST - 1 year ago

OPENLANE Announces Planned Retirement of AFC President Jim Money

OPENLANE to Acquire Manheim Canada

Dec 4, 2023, 4:10 PM EST - 1 year ago

OPENLANE to Acquire Manheim Canada

OPENLANE Launches US Marketplace Combining BacklotCars and Exclusive Off-Lease Inventory

Nov 20, 2023, 8:30 AM EST - 1 year ago

OPENLANE Launches US Marketplace Combining BacklotCars and Exclusive Off-Lease Inventory

Openlane: Attractive Valuation Warrants A Buy

Nov 15, 2023, 9:40 AM EST - 1 year ago

Openlane: Attractive Valuation Warrants A Buy

OPENLANE Announces Participation in Upcoming Investor Conferences

Nov 9, 2023, 7:00 PM EST - 1 year ago

OPENLANE Announces Participation in Upcoming Investor Conferences

OPENLANE, Inc. (KAR) Q3 2023 Earnings Call Transcript

Nov 1, 2023, 11:27 PM EDT - 1 year ago

OPENLANE, Inc. (KAR) Q3 2023 Earnings Call Transcript

OPENLANE, Inc. Reports Third Quarter 2023 Financial Results

Nov 1, 2023, 4:15 PM EDT - 1 year ago

OPENLANE, Inc. Reports Third Quarter 2023 Financial Results

OPENLANE to Announce Third Quarter 2023 Earnings

Oct 18, 2023, 4:15 PM EDT - 1 year ago

OPENLANE to Announce Third Quarter 2023 Earnings

Openlane: Looking Good Under The Hood

Aug 24, 2023, 4:25 PM EDT - 2 years ago

Openlane: Looking Good Under The Hood

OPENLANE, Inc. (KAR) Q2 2023 Earnings Call Transcript

Aug 4, 2023, 7:10 PM EDT - 2 years ago

OPENLANE, Inc. (KAR) Q2 2023 Earnings Call Transcript

OPENLANE, Inc. Reports Second Quarter 2023 Financial Results

Aug 2, 2023, 4:15 PM EDT - 2 years ago

OPENLANE, Inc. Reports Second Quarter 2023 Financial Results

OPENLANE to Announce Second Quarter 2023 Earnings

Jul 20, 2023, 4:15 PM EDT - 2 years ago

OPENLANE to Announce Second Quarter 2023 Earnings

OPENLANE Combines Best of ADESA Canada and TradeRev in Unified Canadian Marketplace

Jun 20, 2023, 9:15 AM EDT - 2 years ago

OPENLANE Combines Best of ADESA Canada and TradeRev in Unified Canadian Marketplace

OPENLANE Announces Results of Offer to Purchase Certain of its Outstanding 5.125% Senior Notes due 2025

Jun 2, 2023, 6:30 PM EDT - 2 years ago

OPENLANE Announces Results of Offer to Purchase Certain of its Outstanding 5.125% Senior Notes due 2025

KAR Auction Services, Inc. (KAR) Q1 2023 Earnings Call Transcript

May 3, 2023, 11:45 AM EDT - 2 years ago

KAR Auction Services, Inc. (KAR) Q1 2023 Earnings Call Transcript

KAR Global Commences Offer to Purchase Certain of Its Outstanding 5.125% Senior Notes Due 2025

May 3, 2023, 6:59 AM EDT - 2 years ago

KAR Global Commences Offer to Purchase Certain of Its Outstanding 5.125% Senior Notes Due 2025

KAR Global to Rebrand as OPENLANE

May 2, 2023, 4:15 PM EDT - 2 years ago

KAR Global to Rebrand as OPENLANE

KAR Auction Services, Inc. Reports First Quarter 2023 Financial Results

May 2, 2023, 4:14 PM EDT - 2 years ago

KAR Auction Services, Inc. Reports First Quarter 2023 Financial Results

indievestments
indievestments Jul. 6 at 4:24 PM
$KAR chart looks great. Very quiet. Still think $CPRT should acquire it with all its excess cash.
0 · Reply
indievestments
indievestments Jun. 30 at 1:12 PM
$KAR removal of Canada DST helps these guys a little bit.
0 · Reply
JarvisFlow
JarvisFlow Jun. 30 at 1:00 PM
B of A Securities updates rating for Openlane ( $KAR ) to Neutral, target set at 24 → 22.
0 · Reply
indievestments
indievestments Jun. 23 at 7:27 PM
$KAR hanging in there. Should be 30+ imo. No position at the moment as my attention is elsewhere. But this one is nice if have longer horizon.
0 · Reply
indievestments
indievestments Jun. 16 at 9:59 PM
$KAR remains a cheap stock but not sure there are any imminent catalysts. Just a $250 million share buyback in place and they retired all remaining debt a couple weeks ago (unsure if they drew on revolver at all if they are also using cash to aggressively buyback stock). over $31 zone for 20 of 30 days and APAX gets converted to common shares and company saves 40 mil/yr in preferred divi's.
0 · Reply
indievestments
indievestments Jun. 12 at 1:14 PM
$KAR over $31 zone for 20/30 trading days and KAR can force preferred share holders to convert to common shares. Saves them $40 million/yr in preferred dividends. KAR is cash flow machine.
0 · Reply
NYSE_TRADERS
NYSE_TRADERS Jun. 10 at 10:50 AM
$KAR This company is massive massive fraud. I am car dealer. They are stealing the VAT tax from us, 20% ! Their gross margin is 39% on used cars !!!! CRAZY HIGH ! I bought 2 cars from them, never again. Now bought directly from USA !
1 · Reply
Doozio
Doozio Jun. 4 at 1:09 PM
$CARR yes it is on that 5/1 gap n GOGO’. So scrabble bag da $KAR on 5/8 n let’s get DRVN into the weekend during 🐒🍌🧠⏰♾️
0 · Reply
vq35guy
vq35guy Jun. 4 at 12:28 AM
$KAR better than that scam $CVNA
1 · Reply
indievestments
indievestments May. 29 at 6:34 PM
$KAR market is dead as a door nail this thing just hanging around. Chart looks great on multiple time frames but just zero interest.
0 · Reply
PenkeTrading
PenkeTrading May. 23 at 2:00 AM
I found you an Overbought RSI (Relative Strength Index) on the daily chart of KAR Auction Services Inc. Is that bullish or bearish? $KAR #RsiOverbought #NYSE
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indievestments
indievestments May. 20 at 6:51 PM
$KAR tight
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ChartMill
ChartMill May. 16 at 8:37 AM
Let's Try To Finish This Week Strong! The Swing Trading Watchlist for today is just released. $UBER - $KAR - $ULS and more $STUDY Available on our substack page: https://chartmill.substack.com/p/watchlist-0516-before-market-open
0 · Reply
indievestments
indievestments May. 15 at 4:33 PM
$KAR block trades crossing 5pm EST hour everyday since Friday. Not sure this is from the buyback as there weren't 5pm crosses last time KAR bought shares in August/Sept 2024. Trading super tight.
1 · Reply
indievestments
indievestments May. 12 at 6:45 PM
$ACVA never mentions $KAR as a competitor on investor calls. Yet they are stealing all the ideas, like combining app re commercial (where they have 5% of volume apparently) and D2D. Same thing KAR did with OPENLANE One App.
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indievestments
indievestments May. 9 at 5:21 PM
$KAR OPENLANE was sold to KAR Global in 2011 when off lease volumes were low, including the forward look into 2012 from the GFC. A smart acquirer looks to buy OPENLANE with enough premium while off-lease commercial volumes are in a trough, and expected to be a tailwind starting in 2026?
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indievestments
indievestments May. 9 at 4:52 PM
$KAR by the way, this is after the second largest one day % increase in the stock following the February 2022 ADESA deal. The stock rejected these 22 level reaction prices after a 65-70% jump. Yesterday was basically 5x the trading volume during April, and volume is drying up and consolidating again... There won't be any catalyst until there is news or EPS in an environment when physical used car auctions are getting rolled up by America's group. CPRT has talked a lot about strategic fits re M&A and valuation -- they are good at high volume digital auctions. CPRT stock trades 13-14x revs and probably 50x EBITDA and they've piled up over $4 billion cash at this point. Cash+stock deal at 20x EBITDA would be very accretive IMO and add huge amount of buyers/sellers for their liquidity flywheel effect.
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indievestments
indievestments May. 9 at 4:44 PM
I do find it hard to believe $KAR CEO won't take advantage of momentum and interest in used car/wholesale story to not present at JP Morgan or Needham conferences next week. I realize they don't have a CFO in place until May 27, but part of the press release was the CFO job to engage with shareholders. It's not like KAR CEO and EVP of Marketplaces and/or President of AFC can't present at these conferences where their competitors will be, ACVA, CVNA, CARS, CARG etc.
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indievestments
indievestments May. 8 at 4:11 PM
$KAR sold excess Canada real estate from Manheim acquisition for $42 million on April 30. Should have enough cash on June 1 to pay the 220 million note without drawing on revolver. Maybe draw the revolver to buyback 250 million. 22 zone is stubborn level (Feb 2022 on $2.2 billion ADESA sale and Feb/March 2025 before Liberation Day).
1 · Reply
Estimize
Estimize May. 8 at 2:06 PM
$KAR reported 0.31 EPS and 460.10 revenue for Q1. http://www.estimize.com/intro/kar?chart=historical&metric_name=eps&utm_content=KAR&utm_me
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indievestments
indievestments May. 6 at 11:26 PM
$KAR $LQDT $REAL this week. One concern for all three is supply of product (wholesale cars, general govt/business surplus capital assets, Gucci bags) for each marketplace. On the flip side, conversion rates / sell through should be up considerably in all three cases given tariff uncertainties which should offset potential tightness in supply. $TDUP was good example of what can happen from low multiple of GMV + slight increases in revs/margin expansion and buyer base. We shall see.
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indievestments
indievestments May. 6 at 2:09 PM
$CPRT EVP was on Car Dealership podcast few weeks ago and he hinted that bidding on their platform for wholesale used cars was getting bonkers post Liberation Day. cc $KAR
1 · Reply