Barrington Research restated their outperform rating on shares of OPENLANE (NYSE:KAR – Free Report) in a research note released on Friday morning, Benzinga reports. They currently have a $25.00 target price on the specialty retailer’s stock.
OPENLANE Trading Down 1.7 %
NYSE KAR opened at $16.63 on Friday. OPENLANE has a 1-year low of $12.86 and a 1-year high of $18.73. The firm has a market cap of $1.80 billion, a PE ratio of -9.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.44. The stock has a 50-day moving average of $17.23 and a 200-day moving average of $17.07.
OPENLANE (NYSE:KAR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $426.11 million. OPENLANE had a return on equity of 7.85% and a net margin of 3.39%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. As a group, equities research analysts forecast that OPENLANE will post 0.78 earnings per share for the current fiscal year.
Institutional Investors Weigh In On OPENLANE
About OPENLANE
OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles.
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