OPENLANE upgraded by Stephens with a new price target
$KAR
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Stephens upgraded OPENLANE from Equal-Weight to Overweight and set a new price target of $26.00 from $20.00 previously
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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 |
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
Bolsters Leadership Bench With More Than 30 Years of Financial Management and Investor Relations Expertise CARMEL, Ind., April 22, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the company has named Brad Herring as EVP and Chief Financial Officer effective May 27, 2025. Herring will be responsible for leading all financial, reporting and investor-facing functions across OPENLANE, including the company's capital investment strategy. Herring also joins OPENLANE's executive team and will report to CEO Peter Kelly.
CARMEL, Ind., April 16, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, May 7, 2025, at 5:00 p.m. ET. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call. A live webcast will be available at the investor relations section of corporate.openlane.com. Following
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.
8-K - OPENLANE, Inc. (0001395942) (Filer)
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DEF 14A - OPENLANE, Inc. (0001395942) (Filer)
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
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
CARMEL, Ind., April 16, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, May 7, 2025, at 5:00 p.m. ET. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call. A live webcast will be available at the investor relations section of corporate.openlane.com. Following
CARMEL, Ind., Feb. 19, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2024. "OPENLANE delivered positive fourth quarter and full-year 2024 results, driven by another strong quarter in our marketplace business," said Peter Kelly, CEO. "The Marketplace grew year-over-year volume for the seventh straight quarter, including 15% growth in dealer volumes, and grew Adjusted EBITDA by an impressive 30%. Our customers are clearly responding to our unique offerings and our differentiated va
4 - OPENLANE, Inc. (0001395942) (Issuer)
4 - OPENLANE, Inc. (0001395942) (Issuer)
SC 13G/A - OPENLANE, Inc. (0001395942) (Subject)
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