Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Openlane Inc shares valued at $99,999 were purchased by Lakhia Brad S. on Nov 13 ’24. At $20.06 per share, Lakhia Brad S. acquired 4,985 shares. The insider’s holdings grew to 14,303 shares worth approximately $0.29 million following the completion of this transaction.
Also, Coyle James P sold 6,000 shares, netting a total of over 108,540 in proceeds. Following the sale of shares at $18.09 each, the insider now holds 23,885 shares.
As published in a research note from JP Morgan on March 27, 2025, Openlane Inc [KAR] has been rated down from an Overweight to a Neutral and the price target has been revised to $20 from $23. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late February. As of January 22, 2025, Stephens has initiated its “an Equal-weight” rating for KAR. Earlier on April 10, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for KAR stock which previously was a “an Underperform”.
Analyzing KAR Stock Performance
During the last five days, there has been a drop of approximately -3.76%. Over the course of the year, Openlane Inc shares have jumped approximately 1.81%. Shares of the company reached a 52-week high of $22.47 on 02/28/25 and a 52-week low of $18.87 on 03/31/25. A 50-day SMA is recorded $20.74, while a 200-day SMA reached $18.59.
Support And Resistance Levels for Openlane Inc (KAR)
According to the 24-hour chart, there is a support level at 19.86, which, if violated, would cause prices to drop to 19.51. In the upper region, resistance lies at 20.53. The next price resistance is at 20.85. RSI (Relative Strength Index) is 46.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 47.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
