BofA analyst John Murphy raised the firm’s price target on Openlane (KAR) to $24 from $22 and keeps a Neutral rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Commentary from dealers for 2025 was encouraging and pointed to “another year of solid growth” highlighted by growing volumes, stable pricing, and continued execution, the firm adds.
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