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Saturday, December 9, 2023

Is Openlane Inc. (NYSE: KAR) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Openlane Inc. (KAR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.20%, to $15.09. The Openlane Inc. has recorded 24,690 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that OPENLANE Announces Participation in Upcoming Investor Conferences.

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Stocks Info

KAR belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $15.06 and fluctuated between $15.14 as its day high and $14.82 as its day low. The current market capitalization of Openlane Inc. is $1.63B. A total of 0.96 million shares were traded on the day, compared to an average of 617.12K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KAR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 32 BUYs and 26 SELLs from insiders. Insiders purchased 286,296 shares during that period but sold 77,207.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KAR in the last 3 months, the mean price target is $18.29 with high estimates of $25.00 and low estimates of $15.00. In terms of 52-week highs and lows, KAR has a high of $16.49 and a low of $12.09.

As of this writing, KAR has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.1. The company reported an EPS of $0.25 in the last quarter, which was 108.30% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. KAR’s latest balance sheet shows that the firm has $190.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.18B in debt and $2.98B in liabilities at the time. Its Book Value Per Share was $12.09, while its Total Shareholder’s Equity was $2.10B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KAR is Buy with a score of 3.50.

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