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 Video: What is a Stock Split?
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| OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. Co.'s end-to-end platform supports whole car, financing, logistics and other ancillary and related services. Co.'s segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. According to our KAR split history records, OPENLANE has had 1 split. | |
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OPENLANE (KAR) has 1 split in our KAR split history database. The split for KAR took place on June 28, 2019. This was a 2642 for 1000 split, meaning for each 1000 shares of KAR owned pre-split, the shareholder now owned 2642 shares. For example, a 1000 share position pre-split, became a 2642 share position following the split.
When a company such as OPENLANE splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the KAR split history from start to finish, an original position size of 1000 shares would have turned into 2642 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OPENLANE shares, starting with a $10,000 purchase of KAR, presented on a split-history-adjusted basis factoring in the complete KAR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$13.19 |
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| End price/share: |
$20.56 |
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| Starting shares: |
758.15 |
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| Ending shares: |
886.53 |
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| Dividends reinvested/share: |
$2.72 |
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| Total return: |
82.27% |
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| Average Annual Total Return: |
6.19% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,235.08 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$13.19 |
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| End price/share: |
$20.56 |
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| Dividends collected/share: |
$2.72 |
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| Total return: |
76.50% |
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| Average Annual Total Return: |
5.84% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,642.73 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/28/2019 | 2642 for 1000 |
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