OPENLANE, Inc. (KAR) Financial Ratios
19 years of historical data (2007–2025) · Consumer Cyclical · Auto - Dealerships
EV/EBITDA
↑
14.55
+5% vs avg
5yr avg: 13.87
30Y Low5.4·High21.7
P/FCF
↑
8.66
+3% vs avg
5yr avg: 8.44
30Y Low1.8·High10.9
P/B Ratio
↑
1.93
↑+34% vs avg
5yr avg: 1.44
30Y Low0.5·High2.1
ROE
↑
12.3%
↓+106% vs avg
5yr avg: 6.0%
30Y Low-25%·High25%
Debt/EBITDA
↓
4.94
+14% vs avg
5yr avg: 4.31
30Y Low1.0·High14.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KAR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
OPENLANE, Inc. trades at 16.7x earnings, 61% below its 5-year average of 42.6x, sitting at the 53rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 8.7x P/FCF, roughly in line with the 5-year average of 8.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $3.2B | $2.2B | $1.6B | $1.5B | $1.9B | $2.4B | $2.9B | $2.5B | $2.6B | $2.2B |
| Enterprise Value | $4.2B | $4.5B | $2.3B | $1.9B | $1.9B | $3.7B | $3.9B | $4.6B | $4.8B | $5.0B | $4.5B |
| P/E Ratio → | 16.73 | 18.16 | 44.09 | — | 52.20 | 55.79 | — | 31.13 | 7.46 | 7.30 | 10.08 |
| P/S Ratio | 1.51 | 1.67 | 1.21 | 0.98 | 0.99 | 1.32 | 1.81 | 1.04 | 0.65 | 0.76 | 0.71 |
| P/B Ratio | 1.93 | 2.10 | 1.61 | 1.22 | 1.00 | 1.27 | 1.49 | 1.75 | 1.67 | 1.78 | 1.61 |
| P/FCF | 8.66 | 9.58 | 9.07 | 8.81 | — | 6.31 | 8.50 | 7.61 | 4.44 | 6.04 | 10.91 |
| P/OCF | 7.43 | 8.23 | 7.42 | 6.86 | — | 4.65 | 6.26 | 5.34 | 3.27 | 4.48 | 6.22 |
P/E links to full P/E history page with 30-year chart
KAR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
OPENLANE, Inc.'s enterprise value stands at 14.6x EBITDA, roughly in line with its 5-year average of 13.9x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 19% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.33 | 1.29 | 1.19 | 1.22 | 2.55 | 2.92 | 1.67 | 1.27 | 1.45 | 1.43 |
| EV / EBITDA | 14.55 | 15.63 | 8.30 | 20.25 | 9.57 | 15.58 | 21.74 | 9.22 | 6.00 | 6.02 | 6.10 |
| EV / EBIT | 21.34 | — | 12.81 | 209.64 | 23.68 | 26.41 | 61.14 | 14.51 | 13.94 | 8.89 | 9.04 |
| EV / FCF | — | 13.39 | 9.66 | 10.63 | — | 12.14 | 13.70 | 12.19 | 8.66 | 11.45 | 21.94 |
KAR Profitability
Margins and return-on-capital ratios measuring operating efficiency
OPENLANE, Inc. earns an operating margin of 10.2%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from -0.3% to 10.2% over the past 3 years, signaling improving operational efficiency. ROE of 12.3% is modest. ROIC of 6.9% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.2% | 46.2% | 39.6% | 47.3% | 40.3% | 45.4% | 43.9% | 41.9% | 43.2% | 42.5% | 42.0% |
| Operating Margin | 10.2% | 10.2% | 10.2% | -0.3% | 6.2% | 8.8% | 5.2% | 11.3% | 16.6% | 16.4% | 15.8% |
| Net Profit Margin | 9.2% | 9.2% | 6.1% | -9.4% | 15.8% | 4.6% | 0.0% | 6.8% | 8.7% | 10.5% | 7.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 8.2% | -10.8% | 15.9% | 4.3% | 0.0% | 12.1% | 22.2% | 25.1% | 16.0% |
| ROA | 3.8% | 3.8% | 2.4% | -3.1% | 3.8% | 0.9% | 0.0% | 2.7% | 4.6% | 5.3% | 3.6% |
| ROIC | 6.9% | 6.9% | 8.7% | -0.2% | 2.8% | 3.0% | 1.6% | 6.6% | 12.3% | 11.3% | 11.1% |
| ROCE | 9.4% | 9.4% | 8.5% | -0.2% | 2.7% | 2.8% | 1.6% | 7.3% | 13.6% | 12.8% | 12.8% |
KAR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
OPENLANE, Inc. carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (roughly in line with the sector average of 4.8x). Net debt stands at $1.3B ($1.4B total debt minus $142M cash). Interest coverage of just 1.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.93 | 0.93 | 0.21 | 0.32 | 0.38 | 1.29 | 1.38 | 1.36 | 1.82 | 1.80 | 1.77 |
| Debt / EBITDA | 4.94 | 4.94 | 1.02 | 4.44 | 2.94 | 8.23 | 12.46 | 4.47 | 3.35 | 3.23 | 3.34 |
| Net Debt / Equity | — | 0.83 | 0.10 | 0.25 | 0.23 | 1.17 | 0.91 | 1.05 | 1.59 | 1.59 | 1.62 |
| Net Debt / EBITDA | 4.45 | 4.45 | 0.50 | 3.47 | 1.79 | 7.48 | 8.25 | 3.46 | 2.93 | 2.84 | 3.07 |
| Debt / FCF | — | 3.81 | 0.59 | 1.82 | — | 5.83 | 5.20 | 4.58 | 4.22 | 5.41 | 11.03 |
| Interest Coverage | 1.79 | 1.79 | 8.36 | -0.03 | 2.36 | 1.01 | 0.54 | 1.66 | 3.25 | 3.45 | 3.60 |
KAR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.16x means OPENLANE, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.16 | 1.16 | 1.11 | 1.15 | 1.14 | 1.13 | 1.41 | 1.29 | 1.26 | 1.31 | 1.22 |
| Quick Ratio | 1.16 | 1.16 | 1.11 | 1.15 | 1.14 | 1.13 | 1.41 | 1.29 | 1.25 | 1.31 | 1.21 |
| Cash Ratio | 0.05 | 0.05 | 0.06 | 0.04 | 0.09 | 0.06 | 0.33 | 0.20 | 0.13 | 0.13 | 0.09 |
| Asset Turnover | — | 0.41 | 0.39 | 0.35 | 0.30 | 0.19 | 0.20 | 0.42 | 0.52 | 0.50 | 0.48 |
| Inventory Turnover | 77.63 | — | — | — | — | — | — | — | 77.63 | 102.43 | 102.09 |
| Days Sales Outstanding | — | — | 524.67 | 571.05 | 636.29 | 726.50 | 620.63 | 335.58 | 237.75 | 277.09 | 285.40 |
KAR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
OPENLANE, Inc. returns 2.9% to shareholders annually — split between a 1.3% dividend yield and 1.6% buyback yield. The earnings yield of 6.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.2% | 2.1% | 2.7% | 1.5% | — | 2.0% | 5.7% | 7.7% | 6.6% | 7.0% |
| Payout Ratio | — | — | — | — | — | — | 9800.0% | 87.2% | 57.4% | 48.3% | 70.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 5.5% | 2.3% | — | 1.9% | 1.8% | — | 3.2% | 13.4% | 13.7% | 9.9% |
| FCF Yield | 11.5% | 10.4% | 11.0% | 11.4% | — | 15.9% | 11.8% | 13.1% | 22.5% | 16.5% | 9.2% |
| Buyback Yield | 1.6% | 1.4% | 1.4% | 1.4% | 12.0% | 9.4% | 0.4% | 4.1% | 6.1% | 5.7% | 3.6% |
| Total Shareholder Yield | 2.9% | 2.6% | 3.4% | 4.1% | 13.5% | 9.4% | 2.5% | 9.8% | 13.8% | 12.3% | 10.6% |
| Shares Outstanding | — | $108M | $109M | $109M | $116M | $123M | $129M | $133M | $136M | $138M | $139M |
Peer Comparison
Compare KAR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KARYou | $3B | 16.7 | 14.6 | 8.7 | 46.2% | 10.2% | 12.3% | 6.9% | 4.9 |
 CPRT | $28B | 19.0 | 13.2 | 22.7 | 45.2% | 36.5% | 18.5% | 20.1% | 0.1 |
 AN | $6B | 11.1 | 10.5 | — | 17.0% | 4.8% | 27.1% | 8.5% | 6.4 |
 KMX | $8B | 31.9 | — | 6.1 | 10.8% | -1.6% | 4.1% | -1.3% | — |
 CVNA | $72B | 39.4 | 32.7 | 81.1 | 20.6% | 9.3% | 50.4% | 34.3% | 0.3 |
 VRM | $53M | -6.6 | 179.2 | 0.8 | 81.2% | 0.2% | -18.6% | 0.0% | 169.9 |
 PAG | $12B | 12.4 | 14.0 | 15.6 | 16.4% | 4.0% | 17.3% | 6.9% | 6.1 |
 ALLY | $14B | 19.2 | 10.6 | — | 52.0% | 8.6% | 5.8% | 2.2% | 8.9 |
 CAR | $7B | -7.5 | 7.1 | — | 24.4% | 11.0% | — | 3.8% | 5.9 |
 HTZ | $2B | -2.1 | 8.6 | — | 11.4% | 0.2% | — | 0.1% | 8.4 |
 COF | $125B | 50.0 | 15.7 | 4.8 | 47.3% | 3.3% | 2.8% | 1.3% | 6.8 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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KAR — Frequently Asked Questions
Quick answers to the most common questions about buying KAR stock.
What is OPENLANE, Inc.'s P/E ratio?
OPENLANE, Inc.'s current P/E ratio is 16.7x. The historical average is 21.8x. This places it at the 53th percentile of its historical range.
What is OPENLANE, Inc.'s EV/EBITDA?
OPENLANE, Inc.'s current EV/EBITDA is 14.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
What is OPENLANE, Inc.'s ROE?
OPENLANE, Inc.'s return on equity (ROE) is 12.3%. The historical average is 6.7%.
Is KAR stock overvalued?
Based on historical data, OPENLANE, Inc. is trading at a P/E of 16.7x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is OPENLANE, Inc.'s dividend yield?
OPENLANE, Inc.'s current dividend yield is 1.30%.
What are OPENLANE, Inc.'s profit margins?
OPENLANE, Inc. has 46.2% gross margin and 10.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does OPENLANE, Inc. have?
OPENLANE, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.