OPENLANE upgraded by BofA Securities with a new price target
$KAR
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
BofA Securities upgraded OPENLANE from Underperform to Neutral and set a new price target of $20.00 from $16.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
CARMEL, Ind., Nov. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will host a virtual Investor Update on Tuesday, November 19, 2024, at 10:00 a.m. ET. The event is expected to conclude at 10:45 a.m. ET. During the event, CEO Peter Kelly and members of OPENLANE's leadership team will discuss OPENLANE's strategy and review enhanced disclosures and metrics for the finance business (AFC). An interactive Q&A session will follow the presentations. A video webcast will be available at the investor relations s
CARMEL, Ind., Nov. 6, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its third quarter financial results for the period ended September 30, 2024. "OPENLANE delivered strong third quarter results while advancing a differentiated pipeline of innovation and expanding our investments in people, technology and the customer experience," said Peter Kelly, CEO of OPENLANE. "I'm particularly pleased with the performance of our marketplace business, which grew volumes, gross profit and adjusted EBITDA with positive contributions from our US, Canadian and European marketp
CARMEL, Ind., Oct. 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its third quarter 2024 financial results after the market closes on Wednesday, Nov. 6, 2024. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Nov. 6, 2024, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENL
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
CARMEL, Ind., Nov. 6, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its third quarter financial results for the period ended September 30, 2024. "OPENLANE delivered strong third quarter results while advancing a differentiated pipeline of innovation and expanding our investments in people, technology and the customer experience," said Peter Kelly, CEO of OPENLANE. "I'm particularly pleased with the performance of our marketplace business, which grew volumes, gross profit and adjusted EBITDA with positive contributions from our US, Canadian and European marketp
CARMEL, Ind., Oct. 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its third quarter 2024 financial results after the market closes on Wednesday, Nov. 6, 2024. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Nov. 6, 2024, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENL
CARMEL, Ind., Aug. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its second quarter financial results for the period ended June 30, 2024. "OPENLANE's second quarter and year-to-date results clearly demonstrate the power of our differentiated platform and the strong scalability characteristics of our company," said Peter Kelly, CEO of OPENLANE. "During the quarter, we grew marketplace and finance volumes, increased revenue and delivered strong adjusted EBITDA and operating cash flows. I am confident in OPENLANE's strategy, we are investing in technology and
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
Barrington Research analyst Gary Prestopino reiterates Openlane (NYSE:KAR) with a Outperform and maintains $25 price target.
Baird analyst Craig Kennison maintains Openlane (NYSE:KAR) with a Outperform and raises the price target from $18 to $20.
8-K - OPENLANE, Inc. (0001395942) (Filer)
8-K - OPENLANE, Inc. (0001395942) (Filer)
8-K - OPENLANE, Inc. (0001395942) (Filer)
BofA Securities upgraded OPENLANE from Underperform to Neutral and set a new price target of $20.00 from $16.00 previously
BofA Securities downgraded KAR Auction Services from Buy to Underperform and set a new price target of $17.00 from $23.00 previously
CJS Securities upgraded KAR Auction Services from Market Perform to Market Outperform and set a new price target of $20.00
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.