This Is Too Hot For Openlane Inc. (NYSE: KAR), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, KAR falls under the Consumer Cyclical sector while operating within the Auto & Truck Dealerships industry segment. At the end of the last regular session, the stock closed at $17.04 and fluctuated between $17.24 as its day high and $17.04 as its day low. The current market capitalization of Openlane Inc. is $1.85B. A total of 0.65 million shares were traded on the day, compared to an average of 692.70K shares.

In the most recent transaction, Coyle James P sold 6,000 shares of KAR for 18.09 per share on May 15 ’24. After the transaction, the EVP, President NA Marketplaces now owns 23,885 company shares. In a previous transaction on Mar 11 ’24, Money James E. II sold 14,822 shares at 15.83 per share. KAR shares that AFC President owns now total 44,604.

Among the insiders who bought shares, Kelly Peter J acquired of 24,000 shares on Feb 27 ’24 at a per-share price of $14.98. This resulted in the Chief Executive Officer holding 347,355 shares of KAR after the transaction. In another insider transaction, Kelly Peter J bought 10,000 shares at $14.87 per share on Feb 26 ’24. Company shares held by the Chief Executive Officer now total 323,355.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, KAR has a high of $18.73 and a low of $12.86.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. KAR’s latest balance sheet shows that the firm has $177.60M in Cash & Short Term Investments as of fiscal 2021. There were $1.95B in debt and $3.01B in liabilities at the time. Its Book Value Per Share was $12.23, while its Total Shareholder’s Equity was $1.51B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KAR is Buy with a score of 4.00.

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