WallStreetZenWallStreetZen

How to Buy Openlane Stock

Openlane Inc

Openlane is a auto & truck dealership company located in Indiana, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker KAR on the NYSE exchange.

Openlane stock last closed at $16.00, up 0% from the previous day, and has increased 3.83% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.4 percentage points. Openlane stock is currently +24.42% from its 52-week low of $12.86, and -13.09% from its 52-week high of $18.41.

There are currently 108.3M KAR shares outstanding. The market cap of KAR is $1.73B. In the past 24 hours, 1.55M KAR shares were traded.

How to Buy Openlane Stock

Not sure how to invest in Openlane stock? Here's how.
  1. Choose where to buy Openlane stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Openlane stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your method of payment and add your info.
  4. Research Openlane stock: The Openlane ticker symbol is KAR. Is Openlane stock a good investment? Should you buy shares of KAR? How do KAR's underlying business fundamentals look? Do top analysts think Openlane is a good buy? Why has KAR's stock price moved recently? (Hint: Our stock market research tools can help you decide if KAR is a good stock to buy).
  5. Execute your KAR trade: Decide if you will purchase KAR shares at the current market price or use a limit order to purchase KAR stock at a given price.
  6. Get the latest news on your investment in KAR: Create a watchlist to get live updates on your position in Openlane shares.

Step 1: Choose where to buy Openlane stock

You will need a brokerage account to access the NYSE market and buy KAR stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

We believe that eToro is the best place to buy stocks. Here's why:

  • You can invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
  • Access to global markets: From Tech to Industrials, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your purchase of stock by signing up for an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Create a brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to buy KAR stock today.

How to Set Up a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal info to start a new trading account.
  1. Submit your data by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit funds into your brokerage account

Now that you have opened your account on the best stock trading app for beginners, your next step is to transfer the money for your investment:

Check out the video below for more details depositing money into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Openlane stock

After you have identified the best place to buy Openlane stock, it's critical to evaluate their stock before you invest, so you can understand the risk and upside.

Openlane stock data

KAR Price
$16.00
1w %
-1.72%
1y %
3.83%
5y %
-74.41%
P/E
-8.94x
P/B
1.3x
P/S
1.06x
PEG
N/A
Revenue
$1.64B
Earnings
-$148.30M
Fore. Rev. Growth
5.01%
Fore. Earn. Growth
N/A
Market Cap
$1.73B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

Openlane Zen Score

WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.

You can view all of the due diligence checks on KAR's stock page.

Is KAR stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge KAR's intrinsic value.

Using relative valuations metrics:

  • KAR could be undervalued based on its P/B ratio of 1.3x, relative to Auto & Truck Dealerships industry P/B ratio of 2.49x

You can do additional valuation analysis on KAR's stock here.

Is KAR a healthy company?

Signs that KAR is financially healthy:

  • There are more short-term assets than short-term liabilities on the KAR balance sheet.
  • Total KAR debt is lower than 5 years ago, relative to shareholder equity.
  • KAR's operating cash flow of $239.50M allows it to safely service it's debt of $388.30M.
  • There are more short-term assets than long-term liabilities on the KAR balance sheet.

Signs that KAR is not financially healthy:

  • KAR profit margin has gone down from 16.2% to -9% in the past year.
  • KAR earnings of $20.60M is not sufficient to cover its interest payments.
  • KAR has a relatively high debt to equity ratio of 2.62.

Is KAR stock a Buy, Hold, or Sell, according to analysts?

Out of 3 sell side analysts who give forecasts on KAR, the consensus analyst rating on KAR is a Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Openlane stock forecast page.

KAR Momentum

SMA10
16.49
SMA20
16.77
SMA50
17.22
SMA100
16.43
SMA200
15.53
MACD
-0.31
MACD Signal
-0.21
MACD Histogram
-0.1
RSI
31.96
Stochastic %K
13.44
Stochastic %D
13.78
StochRSI %K
0
StochRSI %D
0

KAR Growth Metrics

Last year, KAR revenue was $1.64B. Over the last five year, KAR's revenue has grown by -8.22% per year. This was slower than the Auto & Truck Dealerships industry average of 22.83%.

You can analyze KAR's earnings and revenue performance here.

Who is buying/selling KAR?

In the past 12 months, executives and large shareholders at KAR have bought more shares than they have sold.

Carmel Galvin, Director of KAR, was the latest KAR insider to buy. They bought $170,014.96 worth of KAR shares on Jun 7, 2024.

Research more about who owns KAR shares here.

Can I get consistent income from KAR stock?

No, Openlane doesn't provide an income stream by paying out dividends.

What others are saying about KAR

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Execute your KAR trade

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given price, use a limit order.

Hit the Open Trade button and eToro will place the order.

If you want additional assistance buying stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Get the latest news on your investment in KAR

Now that you own some KAR stock, you'll want to keep up with your new investment.

Start a watchlist to get notified of important updates regarding your KAR stock.

KAR Feed

How to Buy Stock in Openlane

To reiterate, here are the 6 steps for buying Openlane stock:

  1. Choose where to buy Openlane stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Research Openlane stock
  5. Execute your KAR trade
  6. Get the latest news on your investment in KAR

If you are looking for a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your new investment in Openlane, add KAR to your watchlist by clicking the button below.

NYSE: KAR
$16.00+0.00 (+0%)
Updated Jun 21, 2024
Open eToro Account
NYSE: KAR
$16.00+0.00 (+0%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Openlane share?

As of Jun 21, 2024, it costs $16.00 to buy one share of Openlane stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $8, you can buy 0.5 shares of KAR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Openlane stock?

According to 3 Wall Street analysts who monitor Openlane, their consensus recommendation is to buy Openlane stock.

What is the best way to buy Openlane stock?

One way to place an order for Openlane stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.