Oliver Luxxe Assets LLC Buys 95,710 Shares of OPENLANE, Inc. $KAR

Oliver Luxxe Assets LLC increased its stake in OPENLANE, Inc. (NYSE:KAR) by 131.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,492 shares of the specialty retailer’s stock after acquiring an additional 95,710 shares during the period. Oliver Luxxe Assets LLC’s holdings in OPENLANE were worth $4,849,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its stake in OPENLANE by 77.6% during the second quarter. North Star Investment Management Corp. now owns 1,575 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 688 shares during the last quarter. USA Financial Formulas bought a new stake in OPENLANE in the 3rd quarter worth approximately $83,000. CWM LLC lifted its position in OPENLANE by 13.3% in the 2nd quarter. CWM LLC now owns 4,756 shares of the specialty retailer’s stock worth $116,000 after buying an additional 558 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in OPENLANE in the second quarter worth approximately $156,000. Finally, Longboard Asset Management LP bought a new position in OPENLANE during the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

OPENLANE Stock Performance

The business’s fifty day moving average price is $27.72 and its 200-day moving average price is $27.26. OPENLANE, Inc. has a 1-year low of $17.08 and a 1-year high of $30.98. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 1.53 and a beta of 1.25.

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

Insiders Place Their Bets

In related news, EVP Charles S. Coleman sold 88,062 shares of OPENLANE stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $26.00, for a total transaction of $2,289,612.00. Following the completion of the sale, the executive vice president owned 53,474 shares in the company, valued at $1,390,324. This trade represents a 62.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of OPENLANE from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wall Street Zen downgraded shares of OPENLANE from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of OPENLANE in a research report on Monday, December 22nd. Barclays started coverage on OPENLANE in a report on Tuesday, November 11th. They issued an “overweight” rating and a $32.00 price objective on the stock. Finally, Zacks Research upgraded OPENLANE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.20.

OPENLANE Company Profile

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.