158,106 Shares in OPENLANE, Inc. $KAR Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in OPENLANE, Inc. (NYSE:KAR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 158,106 shares of the specialty retailer’s stock, valued at approximately $3,866,000. WINTON GROUP Ltd owned about 0.15% of OPENLANE as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of OPENLANE by 1,927.3% during the second quarter. American Century Companies Inc. now owns 2,336,626 shares of the specialty retailer’s stock worth $57,131,000 after buying an additional 2,221,368 shares in the last quarter. SG Capital Management LLC acquired a new position in OPENLANE during the second quarter worth about $21,623,000. Nuveen LLC acquired a new position in OPENLANE during the first quarter worth about $14,725,000. Burgundy Asset Management Ltd. grew its stake in OPENLANE by 7.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 9,925,661 shares of the specialty retailer’s stock valued at $191,367,000 after acquiring an additional 647,164 shares in the last quarter. Finally, Hawk Ridge Capital Management LP raised its holdings in OPENLANE by 11.2% in 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 acquiring an additional 461,976 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Transactions at OPENLANE

In other OPENLANE news, EVP Charles S. Coleman sold 88,062 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $26.00, for a total transaction of $2,289,612.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.32% of the stock is currently owned by insiders.

OPENLANE Price Performance

NYSE KAR opened at $26.43 on Tuesday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 30.37, a PEG ratio of 1.29 and a beta of 1.25. The firm’s 50-day moving average is $26.21 and its two-hundred day moving average is $26.08. OPENLANE, Inc. has a 12 month low of $17.08 and a 12 month high of $30.93.

OPENLANE (NYSE:KAR) last released its quarterly earnings results 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 net margin of 9.00% and a return on equity of 12.42%. The business had revenue of $498.40 million for the quarter, compared to the consensus estimate of $464.40 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 8.4% on a year-over-year basis. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. As a group, analysts anticipate that OPENLANE, Inc. will post 0.95 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KAR. Stephens boosted their target price on OPENLANE from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price objective on OPENLANE from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Zacks Research raised OPENLANE from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Barclays initiated coverage on shares of OPENLANE in a research report on Tuesday, November 11th. They set an “overweight” rating and a $32.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OPENLANE in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.20.

OPENLANE 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.