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NYSE: KAR
Openlane Inc Stock Forecast, Predictions & Price Target

Analyst price target for KAR

Based on 3 analysts offering 12 month price targets for Openlane Inc.
Min Forecast
$20.00+25%
Avg Forecast
$21.67+35.42%
Max Forecast
$25.00+56.25%

Should I buy or sell KAR stock?

Based on 3 analysts offering ratings for Openlane Inc.
Buy
Strong Buy
0 analysts 0%
Buy
2 analysts 66.67%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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KAR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-04-10

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Forecast return on equity

Is KAR forecast to generate an efficient return?
Company
11.4%
Industry
49.73%
Market
62.12%
KAR's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is KAR forecast to generate an efficient return on assets?
Company
3.15%
Industry
5.57%
KAR is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

KAR earnings per share forecast

What is KAR's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$0.81
Avg 2 year Forecast
$1.00
Avg 3 year Forecast
$1.40

KAR revenue forecast

What is KAR's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$1.7B+2.77%
Avg 2 year Forecast
$1.8B+9.55%
Avg 3 year Forecast
$2.0B+19.21%
KAR's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

KAR revenue growth forecast

How is KAR forecast to perform vs Auto & Truck Dealerships companies and vs the US market?
Company
5.01%
Industry
7.92%
Market
9.18%
KAR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
KAR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

KAR vs Auto & Truck Dealership Stocks

TickerPricePrice TargetUp/downsideConsensus
KAR$16.00$21.67+35.42%Buy
SAH$54.74$55.33+1.08%Hold
CWH$17.97$27.60+53.59%Strong Buy
DRVN$11.99$16.06+33.97%Buy
CARS$19.49$25.00+28.27%Buy

Openlane Stock Forecast FAQ

Is Openlane Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: KAR) stock is to Buy KAR stock.

Out of 3 analysts, 0 (0%) are recommending KAR as a Strong Buy, 2 (66.67%) are recommending KAR as a Buy, 1 (33.33%) are recommending KAR as a Hold, 0 (0%) are recommending KAR as a Sell, and 0 (0%) are recommending KAR as a Strong Sell.

If you're new to stock investing, here's how to buy Openlane stock.

What is KAR's earnings growth forecast for 2024-2026?

(NYSE: KAR) Openlane's forecast annual earnings growth rate of N/A is not forecast to beat the US Auto & Truck Dealerships industry's average forecast earnings growth rate of -16.51%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.32%.

Openlane's earnings in 2024 is -$148,300,000.On average, 3 Wall Street analysts forecast KAR's earnings for 2024 to be $87,367,232, with the lowest KAR earnings forecast at $83,392,548, and the highest KAR earnings forecast at $92,056,709. On average, 3 Wall Street analysts forecast KAR's earnings for 2025 to be $107,944,614, with the lowest KAR earnings forecast at $102,886,910, and the highest KAR earnings forecast at $112,634,091.

In 2026, KAR is forecast to generate $151,622,815 in earnings, with the lowest earnings forecast at $151,622,815 and the highest earnings forecast at $151,622,815.

What is KAR's revenue growth forecast for 2024-2026?

(NYSE: KAR) Openlane's forecast annual revenue growth rate of 5.01% is not forecast to beat the US Auto & Truck Dealerships industry's average forecast revenue growth rate of 7.92%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.18%.

Openlane's revenue in 2024 is $1,640,800,000.On average, 3 Wall Street analysts forecast KAR's revenue for 2024 to be $182,616,251,700, with the lowest KAR revenue forecast at $179,618,885,244, and the highest KAR revenue forecast at $186,246,968,317. On average, 3 Wall Street analysts forecast KAR's revenue for 2025 to be $194,670,698,732, with the lowest KAR revenue forecast at $190,676,520,567, and the highest KAR revenue forecast at $200,239,588,138.

In 2026, KAR is forecast to generate $211,844,148,617 in revenue, with the lowest revenue forecast at $211,844,148,617 and the highest revenue forecast at $211,844,148,617.

What is KAR's forecast return on assets (ROA) for 2024-2026?

(NYSE: KAR) forecast ROA is 3.15%, which is lower than the forecast US Auto & Truck Dealerships industry average of 5.57%.

What is KAR's Price Target?

According to 3 Wall Street analysts that have issued a 1 year KAR price target, the average KAR price target is $21.67, with the highest KAR stock price forecast at $25.00 and the lowest KAR stock price forecast at $20.00.

On average, Wall Street analysts predict that Openlane's share price could reach $21.67 by May 2, 2025. The average Openlane stock price prediction forecasts a potential upside of 35.42% from the current KAR share price of $16.00.

What is KAR's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: KAR) Openlane's current Earnings Per Share (EPS) is -$1.79. On average, analysts forecast that KAR's EPS will be $0.81 for 2024, with the lowest EPS forecast at $0.77, and the highest EPS forecast at $0.85. On average, analysts forecast that KAR's EPS will be $1.00 for 2025, with the lowest EPS forecast at $0.95, and the highest EPS forecast at $1.04. In 2026, KAR's EPS is forecast to hit $1.40 (min: $1.40, max: $1.40).

What is KAR's forecast return on equity (ROE) for 2024-2026?

(NYSE: KAR) forecast ROE is 11.4%, which is considered weak.
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