Openlane Inc Stock Fair Value Calculator – OPENLANE Acquires Manheim Canada in $95M Deal

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OPENLANE INC ($NYSE:KAR), a leading provider of online automotive remarketing services, has announced that it has agreed to acquire Manheim Canada for a sum of $95 million. OPENLANE is the leading provider of remarketing solutions for auto dealers and finance companies in the US and Canada. This acquisition is expected to further solidify their position in the Canadian market and provide them with new opportunities for growth. This acquisition will add Manheim Canada’s well-established presence in the Canadian auto remarketing industry to OPENLANE’s already strong portfolio.

Combined with OPENLANE’s advanced digital platform and comprehensive services, this acquisition will create a powerful remarketing solution for the Canadian market. OPENLANE’s stock price has reacted positively to this news, indicating that investors view this acquisition favorably.

Price History

On Monday, OPENLANE INC released news of their acquisition of Manheim Canada in a deal valued at $95M. This news caused a surge in their stock prices, with the stock opening at $14.8 and closing at $15.0, up 0.7% from the previous closing price of 14.9. With this acquisition, OPENLANE INC will gain access to Manheim Canada’s network of auction sites and services, providing a new platform to expand their already successful digital automotive remarketing services. This move is expected to significantly boost OPENLANE INC’s ability to provide service to their automotive clients, while increasing their own presence across North America. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis – Openlane Inc Stock Fair Value Calculator

At GoodWhale, we conducted an analysis of OPENLANE INC‘s wellbeing. Through our proprietary Valuation Line, we determined that the intrinsic value of OPENLANE INC share stands at around $14.7. This means that the current stock price of $15.0 is a fair price, albeit slightly overvalued by 1.8%. It is important to note that while the stock price is slightly higher than its intrinsic value, it still provides investors with a reasonable opportunity to make money over the long term. More…

Peers

The company operates through three segments: ADESA, Inc, Insurance Auto Auctions, Inc, and Capital One Auto Finance. KAR Auction Services was founded in 2002 and is headquartered in Carmel, Indiana. Some of KAR Auction Services’ competitors include NowAuto Inc, America’s Car-Mart Inc, and Peter Warren Automotive Holdings Ltd.

– NowAuto Inc ($OTCPK:NWAU)

America’s Car-Mart, Inc. is engaged in the operation of used automobile dealerships in the United States. The company operates through two segments, Automotive Sales and Automotive Finance. It offers financing for the purchase of vehicles to customers who are unable to obtain traditional financing from banks or other lending institutions. The company also sells vehicles on consignment for customers. As of April 30, 2018, it operated 138 dealerships in 11 states. America’s Car-Mart, Inc. was founded in 1981 and is headquartered in Bentonville, Arkansas.

– America’s Car-Mart Inc ($NASDAQ:CRMT)

Warren Automotive Holdings Ltd is a car dealership company. It is headquartered in Sydney, Australia. The company has a market capitalization of 481.38 million as of 2022 and a return on equity of 11.46%. The company operates a chain of car dealerships across Australia. It offers a range of new and used cars, finance, insurance, and after-sales services.

Summary

OpenLane Inc. recently announced their agreement to purchase Manheim Canada for $95 million. The move is a strategic acquisition that will expand OpenLane’s online automotive services and grow their presence in the Canadian market. The acquisition of Manheim Canada will allow OpenLane access to Manheim’s vast network of auctions, dealerships, and other automotive services providers. Manheim will also benefit from OpenLane’s range of digital services and technologies in the automotive industry.

OpenLane expects the acquisition to be a key driver of growth, and it should increase their revenue and profitability. Investors should be mindful that the details of the acquisition are still subject to customary closing conditions.