Openlane

KAR · NYSE

$37.71+$0.72 (+1.95%)TodayMarket closed · Oct 20, 4:00 PM ET

Prev close $36.99

KAR analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 9 analysts

Average $32.13 (−14.8% downside)

Low: $28.28
Now: $37.71
High: $36.75

Upgrades and downgrades

The latest rating actions, newest first

KAR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Nov 12, 2025	Initiates	Overweight	$32.00	28%
JP Morgan	Nov 6, 2025	Maintains	Neutral	$28.00 → $29.00	50%

The case for and against

Updated Dec 22, 2025

Bull case

Openlane Inc. is positioned positively within the used vehicle marketplace, as indicated by the increase in their projected price target to $35, representing a 12.5x EV/EBITDA multiple based on an estimated $345.5 million EBITDA for 2026. Furthermore, the company's earnings per share (EPS) estimates have been revised upward, with projections for 2026 and 2027 now at $1.29 and $1.43 respectively, reflecting improved financial performance. The substantial majority of Openlane's revenue stems from the Marketplace segment, which benefits from diverse interconnected services that enhance operational efficiency and transaction speed within the auto remarketing industry.

Bear case

Openlane Inc faces a negative outlook primarily due to decreased demand for used vehicles and disruptions in their pricing, which may lead to higher credit losses and impact their Marketplace and Finance segments. Additionally, lower lease originations, longer terms, and increased competition from financial institutions pose significant risks to their inventory turnover and overall financial stability. The challenges in consumer access to financing further exacerbate the potential for credit risk from defaults on inventory-secured financing, highlighting vulnerabilities in Openlane's revenue streams.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.