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KAR KAR Auction Services Inc
NYSE USD Consumer Cyclical
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- Market cap
- 3B
- P/E ratio
- 35.49
- Analyst target
- 31.8125
- Beta
- Not available
Profile
Company facts
- Exchange
- NYSE
- Currency
- USD
- Sector
- Consumer Cyclical
- Industry
- Auto & Truck Dealerships
- ISIN
- US48238T1097
- Market cap
- 3B
- P/E ratio
- 35.49
- Analyst target
- 31.8125
- Beta
- Not available
About
About KAR Auction Services Inc
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in the United States, Canada, Continental Europe and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles; and value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. Its digital marketplaces include OPENLANE platform, a mobile app enabled solutions that allows dealers to sell and source inventory. This segment sells its products and services through commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealers, and vehicle manufacturers. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent vehicle dealers. It serves commercial customers, and franchise and independent dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.
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Investor discussion
1 comment
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5 years, 4 months ago
KAR Auction Services, Inc is currently in a long term uptrend where the price is trading 1.2% above its 200 day moving average.
From a valuation standpoint, the stock is 99.0% cheaper than other stocks from the Consumer Cyclical sector with a price to sales ratio of 0.9.
KAR Auction Services, Inc's total revenue sank by 21.1% to $530M since the same quarter in the previous year.
Its net income has dropped by 186.4% to $-17M since the same quarter in the previous year.
Finally, its free cash flow fell by 223.9% to $-75M since the same quarter in the previous year.
Based on the above factors, KAR Auction Services, Inc gets an overall score of 2/5.