OPENLANE (NYSE:KAR) Posts Earnings Results, Beats Estimates By $0.01 EPS

OPENLANE (NYSE:KAR) issued its earnings results on Wednesday. The specialty retailer reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01, Zacks reports. The business had revenue of $455.00 million for the quarter, compared to analyst estimates of $416.64 million. OPENLANE had a return on equity of 9.23% and a net margin of 6.27%. OPENLANE updated its FY 2025 guidance to 0.900-1.000 EPS.

OPENLANE Trading Up 4.3 %

KAR stock opened at $20.93 on Friday. The company’s 50-day moving average price is $20.38 and its 200 day moving average price is $18.53. The company has a market cap of $2.24 billion, a P/E ratio of 39.48, a P/E/G ratio of 1.78 and a beta of 1.52. OPENLANE has a 52 week low of $12.86 and a 52 week high of $21.93.

Wall Street Analysts Forecast Growth

KAR has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of OPENLANE in a research report on Friday, February 14th. 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 research report on Wednesday, November 20th. StockNews.com raised OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Stephens started coverage on OPENLANE in a report on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

OPENLANE Company Profile

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.