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OPENLANE NYSE:KAR Stock Report

Last Price

US$20.29

Market Cap

US$2.2b

7D

-1.4%

1Y

34.0%

Updated

20 Dec, 2024

Data

Company Financials +

OPENLANE, Inc.

NYSE:KAR Stock Report

Market Cap: US$2.2b

KAR Stock Overview

Operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. More details

KAR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 58.1% below our estimate of its fair value

Earnings are forecast to grow 81.61% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 6 Analysts

AI Investments Will Improve Customer Outcomes And Expand Future Participation In Digital Used Vehicle Marketplace

Key Takeaways Strategic investments in AI tools and digital models are enhancing customer outcomes and could drive revenue growth and improved net margins. Increased marketplace participation and sound risk management provide a strong financial foundation for expanding revenue streams and market share.
View narrative
US$22.17
FV
8.5% undervalued intrinsic discount
5.45%
Revenue growth p.a.
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2 days ago author updated this narrative

OPENLANE, Inc. Competitors

VSE

NasdaqGS:VSEC

US$2.1b

Vestis

NYSE:VSTS

US$2.1b

UniFirst

NYSE:UNF

US$3.3b

Liquidity Services

NasdaqGS:LQDT

US$965.6m

Price History & Performance

Summary of share price highs, lows and changes for OPENLANE
Historical stock prices
Current Share PriceUS$20.29
52 Week HighUS$20.85
52 Week LowUS$12.86
Beta1.54
1 Month Change3.20%
3 Month Change22.01%
1 Year Change34.02%
3 Year Change30.65%
5 Year Change-6.06%
Change since IPO68.66%

Recent News & Updates

OPENLANE, Inc.'s (NYSE:KAR) Share Price Matching Investor Opinion

Nov 04
OPENLANE, Inc.'s (NYSE:KAR) Share Price Matching Investor Opinion

Recent updates

OPENLANE, Inc.'s (NYSE:KAR) Share Price Matching Investor Opinion

Nov 04
OPENLANE, Inc.'s (NYSE:KAR) Share Price Matching Investor Opinion

OPENLANE (NYSE:KAR) Shareholders Will Want The ROCE Trajectory To Continue

Aug 11
OPENLANE (NYSE:KAR) Shareholders Will Want The ROCE Trajectory To Continue

Openlane: Buy On Earnings Turnaround And Market Share Gains

Jul 24

There's Reason For Concern Over OPENLANE, Inc.'s (NYSE:KAR) Price

Jul 15
There's Reason For Concern Over OPENLANE, Inc.'s (NYSE:KAR) Price

Is OPENLANE (NYSE:KAR) A Risky Investment?

Jun 06
Is OPENLANE (NYSE:KAR) A Risky Investment?

Some Confidence Is Lacking In OPENLANE, Inc.'s (NYSE:KAR) P/S

Apr 12
Some Confidence Is Lacking In OPENLANE, Inc.'s (NYSE:KAR) P/S

Subdued Growth No Barrier To OPENLANE, Inc.'s (NYSE:KAR) Price

Dec 23
Subdued Growth No Barrier To OPENLANE, Inc.'s (NYSE:KAR) Price

Openlane: Attractive Valuation Warrants A Buy

Nov 15

Does OPENLANE (NYSE:KAR) Have A Healthy Balance Sheet?

Nov 15
Does OPENLANE (NYSE:KAR) Have A Healthy Balance Sheet?

Openlane: Looking Good Under The Hood

Aug 24

These 4 Measures Indicate That OPENLANE (NYSE:KAR) Is Using Debt Reasonably Well

Aug 12
These 4 Measures Indicate That OPENLANE (NYSE:KAR) Is Using Debt Reasonably Well

KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly

May 04
KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly

KAR Auction Non-GAAP EPS of $0.33 beats by $0.16, revenue of $372.8M misses by $6.66M

Feb 21

KAR Auction Services: Cheap Enough To Be Worth The Risk

Jan 18

Are Investors Undervaluing KAR Auction Services, Inc. (NYSE:KAR) By 42%?

Jan 10
Are Investors Undervaluing KAR Auction Services, Inc. (NYSE:KAR) By 42%?

What Does KAR Auction Services, Inc.'s (NYSE:KAR) Share Price Indicate?

Dec 20
What Does KAR Auction Services, Inc.'s (NYSE:KAR) Share Price Indicate?

KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly

Oct 28
KAR Auction Services (NYSE:KAR) Seems To Use Debt Quite Sensibly

KAR Auction Services: Worth Getting Revved Up Over

Oct 04

These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively

Jul 14
These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively

KAR Auction Services: 'New' KAR On Offer At A Bargain Price

Jul 13

Is KAR Auction Services (NYSE:KAR) A Risky Investment?

Apr 06
Is KAR Auction Services (NYSE:KAR) A Risky Investment?

Is There An Opportunity With KAR Auction Services, Inc.'s (NYSE:KAR) 22% Undervaluation?

Mar 16
Is There An Opportunity With KAR Auction Services, Inc.'s (NYSE:KAR) 22% Undervaluation?

KAR Auction Services: Sell To Grow

Feb 28

Does KAR Auction Services (NYSE:KAR) Have A Healthy Balance Sheet?

Dec 28
Does KAR Auction Services (NYSE:KAR) Have A Healthy Balance Sheet?

KAR Auction Services: Longer-Term Growth Story Intact Despite Near-Term Headwinds

Sep 28

These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively

Sep 24
These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively

Why KAR Auction Services, Inc. (NYSE:KAR) Could Be Worth Watching

Sep 06
Why KAR Auction Services, Inc. (NYSE:KAR) Could Be Worth Watching

Are Investors Undervaluing KAR Auction Services, Inc. (NYSE:KAR) By 43%?

Jul 19
Are Investors Undervaluing KAR Auction Services, Inc. (NYSE:KAR) By 43%?

These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively

Jun 07
These 4 Measures Indicate That KAR Auction Services (NYSE:KAR) Is Using Debt Extensively

Shareholder Returns

KARUS Commercial ServicesUS Market
7D-1.4%-6.2%-3.5%
1Y34.0%20.3%22.1%

Return vs Industry: KAR exceeded the US Commercial Services industry which returned 20.3% over the past year.

Return vs Market: KAR exceeded the US Market which returned 22.1% over the past year.

Price Volatility

Is KAR's price volatile compared to industry and market?
KAR volatility
KAR Average Weekly Movement4.8%
Commercial Services Industry Average Movement8.4%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: KAR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: KAR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20064,163Peter Kellycorporate.openlane.com

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.

OPENLANE, Inc. Fundamentals Summary

How do OPENLANE's earnings and revenue compare to its market cap?
KAR fundamental statistics
Market capUS$2.17b
Earnings (TTM)US$20.80m
Revenue (TTM)US$1.69b

104.2x

P/E Ratio

1.3x

P/S Ratio

Is KAR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KAR income statement (TTM)
RevenueUS$1.69b
Cost of RevenueUS$916.60m
Gross ProfitUS$771.20m
Other ExpensesUS$750.40m
EarningsUS$20.80m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin45.69%
Net Profit Margin1.23%
Debt/Equity Ratio92.6%

How did KAR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 03:23
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

OPENLANE, Inc. is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig KennisonBaird
Manav PatnaikBarclays
Gary PrestopinoBarrington Research Associates, Inc.