Barrington Research reissued their outperform rating on shares of OPENLANE (NYSE:KAR – Free Report) in a research report released on Monday morning,Benzinga reports. The brokerage currently has a $25.00 price objective on the specialty retailer’s stock.
OPENLANE Stock Performance
Shares of KAR opened at $19.57 on Monday. The company has a market capitalization of $2.13 billion, a PE ratio of 75.25, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. OPENLANE has a fifty-two week low of $12.86 and a fifty-two week high of $19.94. The stock has a fifty day moving average of $16.43 and a two-hundred day moving average of $16.95.
OPENLANE (NYSE:KAR – Get Free Report) last released its earnings results on Wednesday, November 6th. The specialty retailer reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $448.00 million for the quarter, compared to the consensus estimate of $431.68 million. OPENLANE had a return on equity of 7.85% and a net margin of 3.39%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts forecast that OPENLANE will post 0.77 earnings per share for the current fiscal year.
Hedge Funds 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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