MARKET

KAR

KAR

OPENLANE Inc.
NYSE
16.73
-0.28
-1.65%
Closed 16:01 06/13 EDT
OPEN
16.98
PREV CLOSE
17.01
HIGH
16.98
LOW
16.60
VOLUME
644.94K
TURNOVER
0
52 WEEK HIGH
18.41
52 WEEK LOW
12.86
MARKET CAP
1.81B
P/E (TTM)
-9.4105
1D
5D
1M
3M
1Y
5Y
Carvana labeled Top Pick by J.P. Morgan as used car market faces supply headwinds
Consumer Carvana labeled Top Pick by J.P. Morgan as used car market faces supply headwinds. J.p. Morgan sees challenges that will likely put a lid on any inflection point in used car sales over the next 12-18 months. The bank says Carvana (CVNA) is the top pick in the retail ecosystem.
Seeking Alpha · 3d ago
Weekly Report: what happened at KAR last week (0603-0607)?
Weekly Report · 4d ago
Is OPENLANE (NYSE:KAR) A Risky Investment?
Opennetlane, Inc. (NYSE:KAR) does carry debt. The company has a high net debt to EBITDA ratio of 5.1. It has US$1.92b of debt, but is growing its EBIT by 30% in the last year. Debt can be a good tool for businesses that need capital to invest in growth. But OPENLANE has a very high debt to interest cover ratio of 1.6 times its earnings.
Simply Wall St · 06/06 11:43
OPENLANE Empowers US Dealers With Faster Vehicle Wholesaling
"Absolute Sale" Delivers Increased Velocity, Higher Engagement, Better Results for sellers. The feature increases buyer confidence and visibility, boosting engagement and optimizing seller returns. Vehicles in Absolute Sale mode indicate the seller will sell to the highest offer received that day. OPENLANE is a leading operator of digital marketplaces for wholesale used vehicles.
PR Newswire · 06/04 12:15
Weekly Report: what happened at KAR last week (0527-0531)?
Weekly Report · 06/03 09:09
Weekly Report: what happened at KAR last week (0520-0524)?
Weekly Report · 05/27 09:09
Weekly Report: what happened at KAR last week (0513-0517)?
Weekly Report · 05/20 09:09
Weekly Report: what happened at KAR last week (0506-0510)?
Weekly Report · 05/13 09:09
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About KAR
OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Company’s segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.

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