OPENLANE (NYSE:KAR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

OPENLANE (NYSE:KAR) announced its quarterly earnings data on Wednesday. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. The firm had revenue of $455.00 million during the quarter, compared to analyst estimates of $416.64 million. OPENLANE had a net margin of 6.27% and a return on equity of 9.23%. OPENLANE updated its FY 2025 guidance to 0.900-1.000 EPS.

OPENLANE Stock Performance

KAR stock opened at $20.93 on Friday. OPENLANE has a fifty-two week low of $12.86 and a fifty-two week high of $21.93. The company’s 50 day moving average price is $20.38 and its 200 day moving average price is $18.53. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 1.78 and a beta of 1.52.

Wall Street Analyst Weigh In

KAR has been the topic of a number of recent analyst reports. Stephens started coverage on shares of OPENLANE in a research report on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 target price on the stock. StockNews.com raised shares of OPENLANE from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of OPENLANE in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on OPENLANE from $21.00 to $23.00 and gave the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

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.