OPENLANE (NYSE:KAR - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of 0.960. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
Several brokerages have commented on KAR. Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of OPENLANE in a research note on Friday. StockNews.com upgraded OPENLANE from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Stephens assumed coverage on OPENLANE in a research note on Wednesday, January 22nd. They issued an "equal weight" rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on OPENLANE from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.60.
View Our Latest Stock Analysis on OPENLANE
OPENLANE Trading Up 0.2 %
NYSE KAR traded up $0.05 during mid-day trading on Friday, reaching $20.96. 954,205 shares of the company's stock traded hands, compared to its average volume of 625,488. OPENLANE has a 1-year low of $14.45 and a 1-year high of $21.93. The company has a fifty day simple moving average of $20.39 and a 200-day simple moving average of $18.56. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 39.54, a P/E/G ratio of 1.78 and a beta of 1.52.
OPENLANE (NYSE:KAR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. OPENLANE had a return on equity of 9.23% and a net margin of 6.27%. The firm had revenue of $455.00 million during the quarter, compared to analyst estimates of $416.64 million. Equities research analysts forecast that OPENLANE will post 0.95 earnings per share for the current fiscal year.
About OPENLANE
(
Get Free Report)
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.
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