OPENLANE (KAR) is a Great Momentum Stock: Should You Buy?

Company Overview - OPENLANE (KAR) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Price Performance - Over the past week, KAR shares increased by 1.24%, while the Zacks Automotive - Original Equipment industry remained flat [5] - In the last month, KAR's shares rose by 9.31%, outperforming the industry's 4.26% [5] - Over the past quarter, shares of OPENLANE have risen by 35.76%, and are up 37.62% in the last year, compared to the S&P 500's increases of 19.69% and 14.71%, respectively [6] Trading Volume - KAR's average 20-day trading volume is 1,053,398 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 2 earnings estimates for the full year have moved higher, while none have decreased, raising the consensus estimate from $0.98 to $1.00 [9] - For the next fiscal year, 3 estimates have increased with no downward revisions during the same period [9] Conclusion - Considering the strong price performance, positive earnings revisions, and high momentum score, KAR is positioned as a solid investment opportunity [11]