OPENLANE (KAR) Projected to Post Earnings on Wednesday

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

OPENLANE Stock Up 2.0 %

KAR traded up $0.38 during trading on Friday, reaching $19.00. The stock had a trading volume of 536,383 shares, compared to its average volume of 715,225. The stock has a 50 day moving average of $19.70 and a two-hundred day moving average of $19.65. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.38. OPENLANE has a 1-year low of $15.44 and a 1-year high of $22.47.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stephens raised OPENLANE from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $20.00 to $26.00 in a research note on Friday, February 28th. Barrington Research restated an "outperform" rating and set a $25.00 price objective on shares of OPENLANE in a research report on Friday, February 21st. JPMorgan Chase & Co. downgraded shares of OPENLANE from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $23.00 to $20.00 in a report on Thursday, March 27th. Finally, StockNews.com lowered shares of OPENLANE from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.75.

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.