Bank of America analyst John Murphy has adjusted the price target for Openlane (KAR, Financial), reducing it from $24 to $22 while maintaining a Neutral rating on the stock. This adjustment comes despite a better than anticipated performance in the first quarter regarding production volumes and sales, which are expected to contribute to stronger-than-expected quarterly results.
Nonetheless, significant uncertainty looms over the market, primarily due to unsettled debates around tariffs. This uncertainty is leading to increased concerns, compelling companies to reconsider or even halt their guidance. Consequently, valuation multiples have been reduced by up to 1.0x across the sector under coverage, reflecting the complexities and challenges introduced by the ongoing tariff discussions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Openlane Inc (KAR, Financial) is $24.33 with a high estimate of $26.00 and a low estimate of $23.00. The average target implies an upside of 33.26% from the current price of $18.26. More detailed estimate data can be found on the Openlane Inc (KAR) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Openlane Inc's (KAR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Openlane Inc (KAR, Financial) in one year is $18.52, suggesting a upside of 1.42% from the current price of $18.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Openlane Inc (KAR) Summary page.
