Value Investing Philosophy And Openlane Inc. (NYSE: KAR)?

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.

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Stocks Info

KAR belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto & Truck Dealerships industry. The current market capitalization of Openlane Inc. is $1.89B. A total of 1.16 million shares were traded on the day, compared to an average of 822.91K shares.

In the most recent transaction, Money James E. II sold 14,822 shares of KAR for 15.83 per share on Mar 11 ’24. After the transaction, the AFC President now owns 44,604 company shares. In a previous transaction on Feb 27 ’24, Kelly Peter J bought 24,000 shares at 14.98 per share. KAR shares that Chief Executive Officer owns now total 347,355.

Among the insiders who bought shares, Kelly Peter J acquired of 10,000 shares on Feb 26 ’24 at a per-share price of $14.87. This resulted in the Chief Executive Officer holding 323,355 shares of KAR after the transaction.

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. In terms of 52-week highs and lows, KAR has a high of $17.70 and a low of $12.86.

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 $177.60M in Cash & Short Term Investments as of fiscal 2021. There were $1.95B in debt and $3.01B in liabilities at the time. Its Book Value Per Share was $12.28, while its Total Shareholder’s Equity was $1.51B.

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 3.80.

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