Marathon Asset Management Ltd Sells 381,802 Shares of OPENLANE, Inc. $KAR

Marathon Asset Management Ltd reduced its position in shares of OPENLANE, Inc. (NYSE:KAR) by 26.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,068,163 shares of the specialty retailer’s stock after selling 381,802 shares during the period. Marathon Asset Management Ltd owned 1.00% of OPENLANE worth $30,742,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. North Star Investment Management Corp. raised its position in OPENLANE by 77.6% during the 2nd quarter. North Star Investment Management Corp. now owns 1,575 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 688 shares during the last quarter. USA Financial Formulas bought a new stake in shares of OPENLANE in the 3rd quarter worth approximately $83,000. CWM LLC increased its stake in shares of OPENLANE by 13.3% during the second quarter. CWM LLC now owns 4,756 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 558 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of OPENLANE during the second quarter valued at approximately $156,000. Finally, Praxis Investment Management Inc. bought a new position in shares of OPENLANE during the second quarter valued at approximately $206,000. 99.76% of the stock is owned by institutional investors.

Insider Buying and Selling at OPENLANE

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

Wall Street Analysts Forecast Growth

KAR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of OPENLANE from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OPENLANE in a research report on Monday, December 22nd. Stephens lifted their target price on shares of OPENLANE from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Zacks Research raised shares of OPENLANE from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of OPENLANE from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.20.

OPENLANE Price Performance

NYSE:KAR opened at $30.88 on Monday. The firm’s 50-day moving average price is $26.88 and its 200-day moving average price is $26.71. The company has a market capitalization of $3.28 billion, a PE ratio of 35.49, a P/E/G ratio of 1.53 and a beta of 1.25. OPENLANE, Inc. has a 1-year low of $17.08 and a 1-year high of $30.98.

OPENLANE (NYSE:KAR) last issued 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 company had revenue of $498.40 million during the quarter, compared to analysts’ expectations of $464.40 million. During the same period last year, the company posted $0.26 EPS. OPENLANE’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. Equities analysts anticipate that OPENLANE, Inc. will post 0.95 EPS for the current fiscal year.

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.