The Question Is Whether To Buy Or Not To Buy Openlane Inc (NYSE: KAR)

After Hours

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.

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Stocks Info

Openlane Inc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Auto & Truck Dealerships industry. The current market capitalization of Openlane Inc is $2.06B. A total of 1.13 million shares were traded on the day, compared to an average of 651.94K 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, KAR has a high of $19.94 and a low of $12.86.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $12.42, while its Total Shareholder’s Equity was $1.51B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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