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OPENLANE Q4 2023 Earnings Report

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$19.96 -0.12 (-0.60%)
(As of 12/3/2024 ET)

OPENLANE EPS Results

Actual EPS
$0.16
Consensus EPS
$0.13
Beat/Miss
Beat by +$0.03
One Year Ago EPS
$0.33

OPENLANE Revenue Results

Actual Revenue
$391.30 million
Expected Revenue
$392.56 million
Beat/Miss
Missed by -$1.26 million
YoY Revenue Growth
+5.00%

OPENLANE Announcement Details

Quarter
Q4 2023
Time
After Market Closes
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OPENLANE Earnings Headlines

CBIZ names Brad Lakhia as CFO, succeeding Ware Grove
Kar Auction Services Highlights Strategic Growth and Innovation
Lock in this disruptor’s share price before 12/5
Spencer Rascoff co-founded Zillow. Austin Allison sold his company to Zillow for $125M. Now they’ve joined forces to launch a venture transforming the $1.3T vacation home market – and the results are already turning heads. This company is leading the co-ownership revolution, offering buyers a chance to own a fraction of a luxury vacation home instead of the entire thing. It’s a model that’s unlocked new demand and earned them over $100M in gross profits in four years.
The Latest Analyst Ratings For Openlane
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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. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

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