Professional
Added to YB: 2024-08-14
Pitch date: 2024-08-12
KAR [bullish]
OPENLANE, Inc.
+71.56%
current return
Author Info
White Brook is a small/mid-cap investment manager that maintains a concentrated portfolio of 8-15 positions in companies valued between $1-18 billion, focusing on undervalued stocks with improving business fundamentals and holding them long-term. The firm follows an ethical investment approach, avoiding sectors like defense and companies with poor environmental or customer relations records. Sign up for the newsletter.
Company Info
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in the United States, Canada, Continental Europe and the United Kingdom.
Market Cap
$1.9B
Pitch Price
$16.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.97
P/E
40.00
EV/Sales
2.43
Sector
Commercial Services and Supplies
Category
value
White Brook Capital Insights Buyouts - OPENLANE, Inc.
KAR: Auto auction co w/ industry tailwinds. Low capex, FCF+, light debt. AI boosts inspections. Operational improvements done. Trades at 8.5x EBITDA vs. historical 10-12x takeout multiples. Board/mgmt know private markets. Takeover candidate due to valuation, FCF, & industry trends. Risks: execution, competition.
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