OPENLANE Inc. (Symbol: KAR) shares recently surpassed the average analyst 12-month target price of $28.07, trading at $28.18 per share. This shift prompts analysts to consider either downgrading valuations or adjusting target prices higher based on recent business developments.
There are seven analyst targets within Zacks coverage influencing this average, ranging from a low of $20.00 to a high of $34.00, with a standard deviation of $4.799. Currently, the analyst ratings are strong, with five strong buy ratings and four hold ratings, while no sell or strong sell ratings exist.
The overall average rating for OPENLANE Inc. stands at 1.89 on a scale where 1 is Strong Buy and 5 is Strong Sell, indicating positive sentiment among analysts.
