OPENLANE (KAR) Gets a Hold from Bank of America Securities
In a report released today, John Murphy from Bank of America Securities reiterated a Hold rating on OPENLANE, with a price target of $26.00. The company’s shares closed yesterday at $25.17.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
According to TipRanks, Murphy is a 5-star analyst with an average return of 8.9% and a 60.73% success rate. Murphy covers the Consumer Cyclical sector, focusing on stocks such as OPENLANE, Group 1 Automotive, and General Motors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OPENLANE with a $24.50 average price target.
The company has a one-year high of $26.04 and a one-year low of $15.44. Currently, OPENLANE has an average volume of 844.9K.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KAR in relation to earlier this year. Most recently, in May 2025, James P Coyle, the EVP & President, Marketplace of KAR sold 7,000.00 shares for a total of $152,040.00.
Read More on KAR:
Disclaimer & DisclosureReport an Issue
- JPMorgan automotive analysts hold an analyst/industry conference call
- Openlane price target raised to $25 from $22 at BofA
- OPENLANE Holds Annual Stockholders Meeting on June 6, 2025
- OPENLANE Expands Canadian Receivables Purchase Agreement
- OPENLANE’s Strong Q1/25 Performance and Strategic Expansion Drive Buy Rating
