OPENLANE (NYSE:KAR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

OPENLANE Stock Performance

Shares of NYSE KAR traded up $0.05 during trading on Friday, hitting $20.96. 954,205 shares of the company were exchanged, compared to its average volume of 625,488. OPENLANE has a 12-month low of $14.45 and a 12-month high of $21.93. The company has a fifty day moving average price of $20.39 and a 200-day moving average price of $18.56. The firm has a market capitalization of $2.24 billion, a PE ratio of 39.54, a P/E/G ratio of 1.78 and a beta of 1.52.

Analyst Ratings Changes

Several brokerages have issued reports on KAR. JPMorgan Chase & Co. lifted their target price on shares of OPENLANE from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Stephens assumed coverage on shares of OPENLANE in a research note on Wednesday, January 22nd. They set an "equal weight" rating and a $20.00 target price on the stock. Barrington Research reiterated an "outperform" rating and set a $25.00 price target on shares of OPENLANE in a report on Friday. Finally, StockNews.com upgraded OPENLANE from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company 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.