Openlane price target raised to $30 from $25 at Barrington

Barrington analyst Gary Prestopino raised the firm’s price target on Openlane (KAR) to $30 from $25 and keeps an Outperform rating on the shares. The company’s Q2 results significantly exceeded expectations driven by growth in dealer units, the analyst tells investors in a research note. The firm believes Openlane is making progress in dealer vehicle market share gains and expense control.