Are You Looking for a Top Momentum Pick? Why OPENLANE (KAR) is a Great Choice

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of "buying high, hoping to sell even higher" [1] - The Zacks Momentum Style Score helps define momentum characteristics, with OPENLANE (KAR) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperformance, with KAR rated as 1 (Strong Buy) [3] Group 2: Price Performance - KAR shares have increased by 15% over the past week, outperforming the Zacks Automotive - Original Equipment industry, which rose by 2.89% [5] - Over the past quarter, KAR shares have risen by 27.46%, and over the last year, they have gained 67.68%, while the S&P 500 increased by 10.57% and 21.94%, respectively [6] Group 3: Trading Volume and Earnings Outlook - KAR's average 20-day trading volume is 990,668 shares, indicating a bullish sign with rising stock prices [7] - In the past two months, two earnings estimates for KAR have moved higher, increasing the consensus estimate from $0.98 to $1.08 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions [9] Group 4: Conclusion - Considering all elements, KAR is classified as a 1 (Strong Buy) stock with a Momentum Score of B, making it a promising near-term investment [11]