OPENLANE (NYSE:KAR) Issues FY 2025 Earnings Guidance

OPENLANE (NYSE:KAR) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 0.960. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stephens assumed coverage on shares of OPENLANE in a report on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.60.

OPENLANE Price Performance

NYSE:KAR traded up $0.33 during trading hours on Friday, reaching $21.24. The company’s stock had a trading volume of 224,634 shares, compared to its average volume of 603,490. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52. OPENLANE has a one year low of $14.45 and a one year high of $21.93. The business’s 50-day moving average is $20.38 and its 200-day moving average is $18.53.

OPENLANE (NYSE:KAR) last issued its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. OPENLANE had a net margin of 6.27% and a return on equity of 9.23%. The firm had revenue of $455.00 million during the quarter, compared to analysts’ expectations of $416.64 million. On average, sell-side analysts predict that OPENLANE will post 0.95 EPS for the current fiscal year.

About OPENLANE

OPENLANE, Inc, together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles.