Openlane price target raised to $31 from $29 at BofA

BofA raised the firm’s price target on Openlane (KAR) to $31 from $29 and keeps a Neutral rating on the shares. A “beat & raise” Q3 report despite the softer backdrop in autos underscores recent share gains, the analyst tells investors. The firm raised its target based on a slightly higher EBITDA multiple on 2026 estimates and slightly higher EBITDA projection, but maintains a Neutral rating with macro risks still limiting 2026 visibility.