OPENLANE (NYSE:KAR) Releases 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) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.120-1.170 for the period, compared to the consensus estimate of 0.980. The company issued revenue guidance of -.

OPENLANE Trading Down 3.3%

KAR traded down $0.96 on Thursday, hitting $27.95. The company had a trading volume of 1,096,542 shares, compared to its average volume of 841,764. OPENLANE has a 1 year low of $15.44 and a 1 year high of $29.13. The firm has a market cap of $3.00 billion, a P/E ratio of 42.38, a PEG ratio of 2.80 and a beta of 1.40. The company's fifty day moving average price is $24.26 and its 200 day moving average price is $21.70.

OPENLANE (NYSE:KAR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $481.70 million during the quarter, compared to the consensus estimate of $453.26 million. OPENLANE had a return on equity of 10.38% and a net margin of 7.15%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. On average, analysts predict that OPENLANE will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on KAR shares. Bank of America increased their target price on OPENLANE from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Wall Street Zen raised OPENLANE from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Barrington Research upped their price target on OPENLANE from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, OPENLANE has an average rating of "Moderate Buy" and an average price target of $25.25.

Insider Activity at OPENLANE

In other news, EVP James P. Coyle sold 7,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $21.72, for a total value of $152,040.00. Following the completion of the transaction, the executive vice president directly owned 36,511 shares of the company's stock, valued at $793,018.92. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OPENLANE

A number of large investors have recently made changes to their positions in KAR. Jane Street Group LLC bought a new stake in OPENLANE during the first quarter worth approximately $4,555,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in OPENLANE by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,688 shares of the specialty retailer's stock worth $7,089,000 after buying an additional 28,146 shares during the last quarter. Royal Bank of Canada lifted its position in OPENLANE by 105.1% during the 1st quarter. Royal Bank of Canada now owns 33,562 shares of the specialty retailer's stock worth $647,000 after acquiring an additional 17,197 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of OPENLANE by 3.3% during 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. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.

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