OPENLANE (KAR) Expected to Announce Earnings on Wednesday

OPENLANE (NYSE:KAR) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect OPENLANE to post earnings of $0.20 per share and revenue of $416.64 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

OPENLANE Trading Up 0.2 %

Shares of OPENLANE stock opened at $20.61 on Tuesday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 79.25, a P/E/G ratio of 1.84 and a beta of 1.52. OPENLANE has a 1-year low of $12.86 and a 1-year high of $21.51. The firm’s 50-day moving average price is $20.40 and its two-hundred day moving average price is $18.48.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KAR. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of OPENLANE in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of OPENLANE from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stephens initiated coverage on shares of OPENLANE in a research note on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.60.

OPENLANE Company Profile

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.