Stephens initiated coverage on OPENLANE with a new price target
$KAR
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Stephens initiated coverage of OPENLANE with a rating of Equal-Weight and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2025 | $23.00 → $20.00 | Overweight → Neutral | Analyst |
| 2/28/2025 | $20.00 → $26.00 | Equal-Weight → Overweight | Stephens |
| 1/22/2025 | $20.00 | Equal-Weight | Stephens |
| 4/10/2024 | $16.00 → $20.00 | Underperform → Neutral | BofA Securities |
| 1/9/2023 | $23.00 → $17.00 | Buy → Underperform | BofA Securities |
| 5/4/2022 | $20.00 | Market Perform → Market Outperform | CJS Securities |
| 2/28/2022 | $20.00 | Buy → Neutral | Northcoast |
| 2/25/2022 | Sell → Neutral | Guggenheim |
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
Marketplace dealer volume growth of 21% YoYGross Merchandise Value (GMV) of approximately $7.5 billion, representing 10% YoY growthRevenue of $482 million, representing 9% YoY growth, driven by 24% growth in auction fee revenueIncome from continuing operations of $33 million, representing 212% YoY growthAdjusted EBITDA of $87 million, representing 21% YoY growthCash flow from operating activities of $72 million, representing 91% YoY growthAdjusted Free Cash Flow of $87 million, representing 34% YoY growthRaised full year guidance for Adjusted EBITDA and Operating Adjusted EPSCARMEL, Ind., Aug. 6, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its second quarter financial resu
CARMEL, Ind., July 16, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2025 financial results before the market opens on Wednesday, Aug. 6, 2025. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Aug. 6, 2025, at 8:30 a.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Herring. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPE
Marketplace dealer volume growth of 15% YoYRevenue of $460 million, representing 7% YoY growth, driven by 10% YoY Marketplace growthIncome from continuing operations of $37 million, representing 99% YoY growthAdjusted EBITDA of $83 million, representing 11% YoY growthCash flow from operating activities of $123 million, representing 22% YoY growthAuthorized new $250 million share repurchase programCARMEL, Ind., May 7, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its first quarter financial results for the period ended March 31, 2025. "OPENLANE delivered a str
Analyst downgraded OPENLANE from Overweight to Neutral and set a new price target of $20.00 from $23.00 previously
Stephens upgraded OPENLANE from Equal-Weight to Overweight and set a new price target of $26.00 from $20.00 previously
Stephens initiated coverage of OPENLANE with a rating of Equal-Weight and set a new price target of $20.00
10-Q - OPENLANE, Inc. (0001395942) (Filer)
8-K - OPENLANE, Inc. (0001395942) (Filer)
8-K - OPENLANE, Inc. (0001395942) (Filer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
New Director Brings C-Suite Track Record Driving Growth and Success CARMEL, Ind., June 20, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the appointment of Randy Altschuler to its board of directors. A seasoned entrepreneur and executive, Altschuler brings more than 20 years of experience leveraging technology, digital marketplaces and artificial intelligence (AI) to transform the manufacturing landscape. "We are delighted to welcome Randy to our Board," said Michael Kestner, Chair of OPENLANE.
Nationwide Search to Identify Successor; EVP and CFO Brad Lakhia to Assume Treasurer Role CARMEL, Ind., Feb. 27, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, announced that Mike Eliason, Treasurer and Vice President of Investor Relations, is retiring after more than 25 years at the company, effective June 1, 2024. Eliason will continue to serve in his position until a successor is named to ensure a seamless transition. OPENLANE will conduct a thorough national search process for Eliason's successor. Upo
Peter Kelly to Continue as CEO, Michael Kestner Named Chairman of the Board CARMEL, Ind., March 31, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the retirement of executive chairman Jim Hallett. Hallett retains his seat on KAR's board of directors while stepping down from his roles as executive chairman for KAR and chairman of the board of directors. Michael Kestner, who has served as lead independent director since 2019, has been named chairman of KAR's board effective April 1, 2023, and Peter Kelly continues to serve as KAR's chief executive officer.
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
Marketplace dealer volume growth of 21% YoYGross Merchandise Value (GMV) of approximately $7.5 billion, representing 10% YoY growthRevenue of $482 million, representing 9% YoY growth, driven by 24% growth in auction fee revenueIncome from continuing operations of $33 million, representing 212% YoY growthAdjusted EBITDA of $87 million, representing 21% YoY growthCash flow from operating activities of $72 million, representing 91% YoY growthAdjusted Free Cash Flow of $87 million, representing 34% YoY growthRaised full year guidance for Adjusted EBITDA and Operating Adjusted EPSCARMEL, Ind., Aug. 6, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its second quarter financial resu
CARMEL, Ind., July 16, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2025 financial results before the market opens on Wednesday, Aug. 6, 2025. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Aug. 6, 2025, at 8:30 a.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Herring. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPE
Marketplace dealer volume growth of 15% YoYRevenue of $460 million, representing 7% YoY growth, driven by 10% YoY Marketplace growthIncome from continuing operations of $37 million, representing 99% YoY growthAdjusted EBITDA of $83 million, representing 11% YoY growthCash flow from operating activities of $123 million, representing 22% YoY growthAuthorized new $250 million share repurchase programCARMEL, Ind., May 7, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its first quarter financial results for the period ended March 31, 2025. "OPENLANE delivered a str