OPENLANE (NYSE:KAR) Releases FY 2025 Earnings Guidance

OPENLANE (NYSE:KAR) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of 0.960. The company issued revenue guidance of -.

OPENLANE Stock Up 1.6 %

Shares of OPENLANE stock traded up $0.33 during trading hours on Friday, hitting $21.24. 224,634 shares of the company’s stock traded hands, compared to its average volume of 603,490. The stock has a 50 day simple moving average of $20.38 and a 200-day simple moving average of $18.53. The company has a market cap of $2.27 billion, a PE ratio of 40.04, a PEG ratio of 1.78 and a beta of 1.52. OPENLANE has a twelve month low of $14.45 and a twelve month high of $21.93.

OPENLANE (NYSE:KAR) last posted its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $455.00 million during the quarter, compared to the consensus estimate of $416.64 million. OPENLANE had a return on equity of 9.23% and a net margin of 6.27%. As a group, equities research analysts predict that OPENLANE will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

KAR has been the topic of a number of recent research reports. Stephens started coverage on OPENLANE in a report on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 price target on the stock. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a report on Friday, February 14th. StockNews.com raised OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.