OPENLANE (KAR) Expected to Announce Earnings on Wednesday

OPENLANE (NYSE:KAR - Get Free Report) is expected to announce its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect OPENLANE to post earnings of $0.24 per share and revenue of $445.70 million for the quarter. OPENLANE has set its FY 2025 guidance at 0.900-1.000 EPS.

OPENLANE (NYSE:KAR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $455.00 million for the quarter, compared to analyst estimates of $416.64 million. OPENLANE had a net margin of 6.27% and a return on equity of 9.20%. On average, analysts expect OPENLANE to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OPENLANE Price Performance

Shares of OPENLANE stock traded up $0.05 on Monday, hitting $19.04. The company had a trading volume of 70,911 shares, compared to its average volume of 769,114. OPENLANE has a twelve month low of $15.44 and a twelve month high of $22.47. The firm has a market capitalization of $2.04 billion, a P/E ratio of 35.92, a P/E/G ratio of 1.85 and a beta of 1.38. The stock has a 50-day moving average of $19.70 and a 200-day moving average of $19.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of OPENLANE in a report on Friday, February 21st. Stephens raised OPENLANE from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $20.00 to $26.00 in a research note on Friday, February 28th. StockNews.com downgraded OPENLANE from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. downgraded OPENLANE from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $20.00 in a report on Thursday, March 27th.

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.