<div id="readability-page-1"><p>Gabelli Funds LLC boosted its holdings in shares of  OPENLANE, Inc. (NYSE:KAR - Free Report) by 39.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,462 shares of the specialty retailer's stock after buying an additional 70,462 shares during the quarter. Gabelli Funds LLC owned about 0.24% of OPENLANE worth $6,124,000 at the end of the most recent quarter.</p><ul><li>MarketBeat ‘Stock of the Week’: Driven Brands has road to recovery</li></ul><p>A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. North Star Investment Management Corp. boosted its stake in shares of  OPENLANE by 77.6% during the 2nd quarter. North Star Investment Management Corp. now owns 1,575 shares of the specialty retailer's stock worth $39,000 after acquiring an additional 688 shares in the last quarter.  Smartleaf Asset Management LLC boosted its position in  OPENLANE by 29.0% during the first quarter. Smartleaf Asset Management LLC now owns 3,270 shares of the specialty retailer's stock worth $63,000 after purchasing an additional 735 shares during the period.  BI Asset Management Fondsmaeglerselskab A S bought a new stake in  OPENLANE during the first quarter worth approximately $75,000.  CWM LLC grew its holdings in  OPENLANE by 13.3% during the second quarter. CWM LLC now owns 4,756 shares of the specialty retailer's stock valued at $116,000 after purchasing an additional 558 shares during the last quarter.  Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of  OPENLANE in the second quarter valued at approximately $156,000. Institutional investors and hedge funds own  99.76% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other OPENLANE news, EVP Charles S. Coleman sold 88,062 shares of OPENLANE stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $26.00, for a total transaction of $2,289,612.00. Following the sale, the executive vice president owned 53,474 shares in the company, valued at $1,390,324. The trade was a 62.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this link. 2.32% of the stock is currently owned by company insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several research firms recently issued reports on KAR. Weiss Ratings  reaffirmed a &#34;buy (b)&#34; rating on shares of OPENLANE in a report on Monday. Zacks Research upgraded shares of OPENLANE from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Tuesday, November 4th. JPMorgan Chase &amp; Co. lifted their price objective on OPENLANE from $28.00 to $29.00 and gave the stock a &#34;neutral&#34; rating in a research note on Thursday, November 6th. Wall Street Zen cut OPENLANE from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, November 8th. Finally, Stephens increased their target price on OPENLANE from $32.00 to $35.00 and gave the company an &#34;overweight&#34; rating in a research note on Wednesday, September 10th. One investment analyst  has rated the stock with a Strong Buy rating, four have assigned  a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $30.20.</p><p><b>View Our Latest Stock Analysis on KAR</b></p><h2>OPENLANE Stock Performance</h2><p>NYSE KAR opened at $27.03 on Wednesday. OPENLANE, Inc. has a twelve month low of $17.08 and a twelve month high of $30.93. The stock has a market cap of $2.87 billion, a PE ratio of 31.07, a PEG ratio of 1.30 and a beta of 1.25. The firm has a 50-day simple moving average of $26.18 and a 200 day simple moving average of $26.11. </p><p>OPENLANE (NYSE:KAR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $498.40 million for the quarter, compared to analyst estimates of $464.40 million. OPENLANE had a return on equity of 12.42% and a net margin of 9.00%.The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS.  Research analysts forecast that  OPENLANE, Inc. will post 0.95 earnings per share for the current fiscal year. </p><h2>OPENLANE Company Profile</h2> (Free Report)<p>OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than OPENLANE</li><li>Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio</li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>10X Gains? These 3 Robotics Stocks Could Explode by 2035</li><li>Health Care Stocks Explained: Why You Might Want to Invest</li><li>Anheuser-Busch Buys BeatBox to Win Over Younger Drinkers</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtBUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUtBUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in OPENLANE Right Now?</h2><p>Before you consider OPENLANE, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OPENLANE wasn't on the list.</p><p>While OPENLANE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Gabelli Funds LLC increased its stake in OPENLANE, Inc. by 39.1% in Q2, acquiring 70,462 shares. Other investors also adjusted their positions. OPENLANE's stock has a moderate buy rating with a target price of $30.20. The company reported Q3 earnings of $0.35 per share, beating estimates, with revenue up 8.4% year-over-year. Analysts forecast FY 2025 EPS between 1.220-1.26.</p>

Gabelli Funds LLC Acquires 70,462 Shares of OPENLANE, Inc. $KAR