OPENLANE (NYSE:KAR) Updates FY 2025 Earnings Guidance

Key Points

• OPENLANE (NYSE:KAR) has issued earnings per share (EPS) guidance for FY 2025 of 1.120-1.170, surpassing the consensus estimate of 0.980.
• The company's stock price declined by 3.3% on the trading day, reaching $27.95, while it has seen a 1-year high of $29.13 and a low of $15.44.
• Equities analysts generally favor OPENLANE, with upgrades resulting in a price target increase from $22.00 to $30.00 by various firms, indicating a mostly positive outlook.

OPENLANE (NYSE:KAR - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.120-1.170 for the period, compared to the consensus earnings per share estimate of 0.980. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of OPENLANE from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday. Bank of America increased their price objective on shares of OPENLANE from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Barrington Research increased their price objective on shares of OPENLANE from $25.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of OPENLANE from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.50.

OPENLANE Trading Up 1.0%

Shares of OPENLANE stock traded up $0.28 during mid-day trading on Monday, reaching $28.26. 833,252 shares of the stock were exchanged, compared to its average volume of 1,004,008. OPENLANE has a fifty-two week low of $15.44 and a fifty-two week high of $29.13. The firm has a 50-day simple moving average of $24.57 and a 200 day simple moving average of $21.88. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.68 and a beta of 1.40.

OPENLANE (NYSE:KAR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.09. OPENLANE had a net margin of 8.18% and a return on equity of 11.65%. The firm had revenue of $481.70 million for the quarter, compared to analyst estimates of $453.26 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company's revenue was up 11.6% on a year-over-year basis. On average, research analysts predict that OPENLANE will post 0.95 EPS for the current fiscal year.

Insider Transactions at OPENLANE

In other news, EVP Charles S. Coleman sold 59,289 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $27.97, for a total value of $1,658,313.33. Following the transaction, the executive vice president owned 53,474 shares of the company's stock, valued at approximately $1,495,667.78. This trade represents a 52.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James P. Coyle sold 194,575 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $27.94, for a total transaction of $5,436,425.50. Following the completion of the transaction, the executive vice president directly owned 36,851 shares in the company, valued at $1,029,616.94. This trade represents a 84.08% decrease in their position. The disclosure for this sale can be found here. 2.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of OPENLANE by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,688 shares of the specialty retailer's stock valued at $7,089,000 after acquiring an additional 28,146 shares during the period. Jane Street Group LLC acquired a new stake in shares of OPENLANE in the first quarter valued at approximately $4,555,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OPENLANE by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,129 shares of the specialty retailer's stock valued at $1,217,000 after purchasing an additional 2,031 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of OPENLANE by 105.1% in the first quarter. Royal Bank of Canada now owns 33,562 shares of the specialty retailer's stock valued at $647,000 after purchasing an additional 17,197 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

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.