OPENLANE, Inc. $KAR is Paradice Investment Management LLC’s 10th Largest Position

Paradice Investment Management LLC trimmed its position in shares of OPENLANE, Inc. (NYSE:KAR) by 58.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 846,214 shares of the specialty retailer’s stock after selling 1,187,526 shares during the quarter. OPENLANE accounts for approximately 5.5% of Paradice Investment Management LLC’s holdings, making the stock its 10th largest position. Paradice Investment Management LLC owned approximately 0.80% of OPENLANE worth $24,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Burgundy Asset Management Ltd. increased its position in OPENLANE by 3.8% during the second quarter. Burgundy Asset Management Ltd. now owns 10,306,027 shares of the specialty retailer’s stock valued at $251,982,000 after acquiring an additional 380,366 shares during the last quarter. Hawk Ridge Capital Management LP grew its stake in shares of OPENLANE by 11.2% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,577,285 shares of the specialty retailer’s stock valued at $88,250,000 after purchasing an additional 461,976 shares during the period. State Street Corp increased its position in shares of OPENLANE by 2.8% during the 2nd quarter. State Street Corp now owns 4,140,043 shares of the specialty retailer’s stock valued at $101,224,000 after purchasing an additional 110,841 shares during the last quarter. Brown Advisory Inc. increased its position in shares of OPENLANE by 4.9% during the 2nd quarter. Brown Advisory Inc. now owns 2,662,789 shares of the specialty retailer’s stock valued at $65,105,000 after purchasing an additional 124,312 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of OPENLANE by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,516,983 shares of the specialty retailer’s stock worth $61,548,000 after purchasing an additional 9,216 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OPENLANE news, EVP Charles S. Coleman sold 88,062 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $26.00, for a total value of $2,289,612.00. Following the completion of the transaction, the executive vice president directly owned 53,474 shares in the company, valued at $1,390,324. This represents a 62.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.51% of the company’s stock.

OPENLANE Stock Performance

Shares of OPENLANE stock opened at $30.88 on Tuesday. OPENLANE, Inc. has a fifty-two week low of $17.08 and a fifty-two week high of $30.98. The company has a market capitalization of $3.28 billion, a P/E ratio of 35.49, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a fifty day moving average of $26.96 and a 200 day moving average of $26.76.

OPENLANE (NYSE:KAR) last announced its quarterly earnings data on Wednesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $498.40 million for the quarter, compared to the consensus estimate of $464.40 million. OPENLANE had a return on equity of 12.42% and a net margin of 9.00%.The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. Analysts forecast that OPENLANE, Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

KAR has been the subject of several recent research reports. Wall Street Zen lowered shares of OPENLANE from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research raised shares of OPENLANE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays initiated coverage on OPENLANE in a report on Tuesday, November 11th. They issued an “overweight” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on OPENLANE from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OPENLANE in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, OPENLANE presently has an average rating of “Moderate Buy” and an average target price of $30.20.

About OPENLANE

OPENLANE (NYSE: KAR) operates a leading digital marketplace and full-service remarketing platform for used vehicles. The company provides both online and physical auction solutions, leveraging proprietary technology to connect sellers—including automotive manufacturers, dealer groups, rental and fleet operators—to a broad network of independent and franchise dealers. Through its platform, users can access real-time bidding, vehicle inspection reports, pricing guides and comprehensive data analytics to optimize transaction outcomes.

The company’s core offerings include a cloud-based auction management system, digital lane software, mobile bidding applications and marketing services designed to maximize vehicle turn times and resale values.