2 weeks Ago By Defense World Staff
Sei Investments Co. reduced its holdings in OPENLANE, Inc. ( NYSE:KAR – Free Report ) by 14.
4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,954 shares of the specialty retailer’s stock after selling 19,571 shares during the quarter. Sei Investments Co.
owned approximately 0.11% of OPENLANE worth $2,300,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently bought and sold shares of the company.
Geode Capital Management LLC lifted its position in OPENLANE by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,475,741 shares of the specialty retailer’s stock worth $41,799,000 after buying an additional 35,214 shares in the last quarter.
William Blair Investment Management LLC raised its position in OPENLANE by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,493,988 shares of the specialty retailer’s stock worth $29,641,000 after purchasing an additional 35,164 shares during the last quarter.
Bank of New York Mellon Corp lifted its holdings in OPENLANE by 14.5% during the 4th quarter. Bank of New York Mellon Corp now owns 884,553 shares of the specialty retailer’s stock worth $17,550,000 after buying an additional 111,798 shares in the last quarter.
Kimelman & Baird LLC bought a new position in OPENLANE in the 4th quarter valued at $15,793,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of OPENLANE by 25.
9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 686,723 shares of the specialty retailer’s stock valued at $13,625,000 after buying an additional 141,319 shares during the period.
Institutional investors and hedge funds own 99.76% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the company.
StockNews.com lowered OPENLANE from a “buy” rating to a “hold” rating in a research note on Friday, March 28th. Barrington Research reaffirmed an “outperform” rating and issued a $25.
00 target price on shares of OPENLANE in a research note on Friday, February 21st. JPMorgan Chase & Co. downgraded shares of OPENLANE from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.
00 to $20.00 in a research note on Thursday, March 27th. Finally, Stephens raised shares of OPENLANE from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $20.
00 to $26.00 in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock.
Based on data from MarketBeat.com, OPENLANE presently has an average rating of “Moderate Buy” and a consensus target price of $22.20.
OPENLANE Price Performance NYSE KAR opened at $18.01 on Friday. OPENLANE, Inc.
has a one year low of $15.44 and a one year high of $22.47.
The firm has a market cap of $1.93 billion, a P/E ratio of 33.98, a P/E/G ratio of 1.
85 and a beta of 1.53. The stock’s 50-day moving average is $20.
67 and its 200-day moving average is $19.34. OPENLANE ( NYSE:KAR – Get Free Report ) last announced its earnings results on Wednesday, February 19th.
The specialty retailer reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.
01. OPENLANE had a net margin of 6.27% and a return on equity of 9.
20%. The firm had revenue of $455.00 million during the quarter, compared to analyst estimates of $416.
64 million. Equities analysts anticipate that OPENLANE, Inc. will post 0.
95 EPS for the current year. OPENLANE Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than OPENLANE Insider Trades May Not Tell You What You Think Archer Aviation’s Africa Deal Could Boost ACHR Stock There Are Different Types of Stock To Invest In Are Short Sellers Wrong About These 3 Semiconductor Stocks? Value Investing: Is it a Good Strategy in 2022? (Hint: Always) Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? Receive News & Ratings for OPENLANE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OPENLANE and related companies with MarketBeat.com's FREE daily email newsletter .
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