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OPENLANE - KAR Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $19.00
  • Forecasted Upside: 24.43%
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$15.27 As of 06/2/2023 12:03 PM ET
▲ +0.26 (1.73%)

This chart shows the closing price for KAR by one month, three months, or twelve months.

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Analyst Price Target for KAR

Analyst Price Target is $19.00
▲ +24.43% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for OPENLANE in the last 3 months. The average price target is $19.00, with a high forecast of $25.00 and a low forecast of $13.00. The average price target represents a 24.43% upside from the last price of $15.27.

This chart shows the closing price for KAR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 4 contributing investment analysts is to hold stock in OPENLANE. This rating has held steady since January 2023, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
12/8/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
3/8/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/6/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/3/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
3/3/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
5/2/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
6/1/2023

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/23/2023Barrington ResearchReiterated RatingOutperform$25.00Low
2/22/2023StephensReiterated RatingEqual Weight$13.00N/A
1/9/2023Bank of AmericaDowngradeBuy ➝ Underperform$23.00 ➝ $17.00Low
11/3/2022JPMorgan Chase & Co.Lower TargetOverweight$25.00 ➝ $22.00Low
11/3/2022Robert W. BairdLower Target$22.00 ➝ $18.00Low
5/5/2022Robert W. BairdLower Target$25.00 ➝ $22.00High
5/4/2022CJS SecuritiesUpgradeMarket Perform ➝ Outperform$20.00Low
2/28/2022Northcoast ResearchDowngradeBuy ➝ Neutral$20.00Low
2/28/2022Robert W. BairdBoost Target$18.00 ➝ $25.00Low
2/25/2022GuggenheimUpgradeSell ➝ NeutralHigh
2/18/2022Robert W. BairdLower Target$22.00 ➝ $18.00Medium
5/27/2021Bank of AmericaUpgradeNeutral ➝ BuyLow
5/24/2021JPMorgan Chase & Co.Boost TargetOverweight$21.00 ➝ $24.00Medium
5/21/2021Bank of AmericaUpgradeUnderperform ➝ Buy$15.00 ➝ $26.00High
2/25/2021StephensReiterated RatingOverweight ➝ Equal Weight$23.00 ➝ $16.00Medium
2/18/2021StephensDowngradeOverweight ➝ Equal Weight$23.00 ➝ $16.00High
2/17/2021Truist FinancialDowngradeBuy ➝ Hold$19.00Low
2/17/2021GuggenheimDowngradeNeutral ➝ Sell$11.00Low
11/17/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
11/5/2020Robert W. BairdBoost TargetOutperform$72.00 ➝ $78.00Medium
10/22/2020JPMorgan Chase & Co.Boost TargetOverweight$22.00 ➝ $23.00Medium
10/1/2020StephensUpgradeEqual Weight ➝ OverweightLow
8/28/2020Barrington ResearchReiterated RatingBuyLow
8/13/2020Northcoast ResearchUpgradeNeutral ➝ Buy$22.00Medium
6/17/2020SunTrust BanksBoost TargetBuy$15.00 ➝ $20.00Low
5/8/2020SunTrust BanksLower TargetBuy$17.00 ➝ $15.00Medium
5/4/2020Barrington ResearchReiterated RatingBuy$25.00Medium
4/23/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$19.00High
4/16/2020StephensLower TargetEqual Weight$14.00 ➝ $13.00Low
3/26/2020Barrington ResearchReiterated RatingBuy$40.00 ➝ $25.00Low
3/23/2020StephensLower TargetEqual Weight$22.00 ➝ $14.00High
3/18/2020Bank of AmericaDowngradeBuy ➝ NeutralHigh
3/10/2020GuggenheimUpgradeSell ➝ NeutralHigh
1/10/2020Jefferies Financial GroupDowngradeBuy ➝ Hold$24.00High
11/7/2019CJS SecuritiesDowngradeOutperform ➝ Market PerformMedium
7/2/2019GuggenheimDowngradeNeutral ➝ Sell$20.00Low
7/1/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$25.00High
7/1/2019SunTrust BanksLower TargetBuy$65.00 ➝ $30.00High
6/28/2019Barrington ResearchReiterated RatingBuy$42.50High
6/28/2019Robert W. BairdInitiated CoverageOutperform ➝ OutperformHigh
5/3/2019Barrington ResearchReiterated RatingBuy$62.50Low
2/20/2019Robert W. BairdReiterated RatingBuy$56.00High
2/20/2019Barrington ResearchReiterated RatingBuyHigh
1/7/2019SunTrust BanksLower TargetBuy$65.00Low
11/5/2018Barrington ResearchSet TargetBuy$70.00Low
8/9/2018StephensReiterated RatingHold$60.00Low
8/9/2018Robert W. BairdBoost TargetOutperform ➝ Outperform$62.00 ➝ $64.00Medium
8/9/2018GabelliDowngradeBuy ➝ HoldMedium
8/9/2018SunTrust BanksSet TargetBuy$70.00Medium
8/6/2018Barrington ResearchReiterated RatingBuyLow
(Data available from 6/2/2018 forward)

News Sentiment Rating

0.80 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 7 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
11/4/2022
  • 2 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
12/4/2022
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/3/2023
  • 5 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/2/2023
  • 6 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/4/2023
  • 5 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2023
  • 8 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2023
  • 9 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2023

Current Sentiment

  • 9 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

OPENLANE logo
OPENLANE, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. It operates through the following segments: ADESA Auctions and Automotive Finance Corporation (AFC). The ADESA segment provides whole car auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floor plan financing to used vehicle dealers. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.
Read More

Today's Range

Now: $15.27
Low: $15.11
High: $15.32

50 Day Range

MA: $14.09
Low: $12.64
High: $15.46

52 Week Range

Now: $15.27
Low: $11.15
High: $17.66

Volume

278,262 shs

Average Volume

602,515 shs

Market Capitalization

$1.67 billion

P/E Ratio

11.57

Dividend Yield

N/A

Beta

1.46

Frequently Asked Questions

What sell-side analysts currently cover shares of OPENLANE?

The following equities research analysts have issued reports on OPENLANE in the last twelve months: Bank of America Co., Barrington Research, JPMorgan Chase & Co., Robert W. Baird, Stephens, StockNews.com, and TheStreet.
View the latest analyst ratings for KAR.

What is the current price target for OPENLANE?

5 Wall Street analysts have set twelve-month price targets for OPENLANE in the last year. Their average twelve-month price target is $19.00, suggesting a possible upside of 24.4%. Barrington Research has the highest price target set, predicting KAR will reach $25.00 in the next twelve months. Stephens has the lowest price target set, forecasting a price of $13.00 for OPENLANE in the next year.
View the latest price targets for KAR.

What is the current consensus analyst rating for OPENLANE?

OPENLANE currently has 1 sell rating, 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in KAR, but not buy more shares or sell existing shares.
View the latest ratings for KAR.

What other companies compete with OPENLANE?

Other companies that are similar to OPENLANE include Custom Truck One Source, LiveWire Group, Modine Manufacturing, Gentherm and Dana. Learn More about companies similar to OPENLANE.

How do I contact OPENLANE's investor relations team?

OPENLANE's physical mailing address is 11299 N. Illinois Street, CARMEL IN, 46032. The specialty retailer's listed phone number is (800) 923-3725 and its investor relations email address is mike.elias[email protected]. The official website for OPENLANE is www.karauctionservices.com. Learn More about contacing OPENLANE investor relations.