OPENLANE (NYSE:KAR) Announces Earnings Results

OPENLANE (NYSE:KAR) announced its quarterly earnings data on Wednesday. The specialty retailer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01, Zacks reports. OPENLANE had a return on equity of 8.67% and a net margin of 4.26%. OPENLANE updated its FY 2025 guidance to 0.900-1.000 EPS.

OPENLANE Price Performance

Shares of KAR stock traded down $0.08 during trading on Wednesday, reaching $20.05. The company had a trading volume of 869,669 shares, compared to its average volume of 592,450. The firm’s 50 day simple moving average is $20.40 and its two-hundred day simple moving average is $18.48. OPENLANE has a one year low of $12.86 and a one year high of $21.51. The company has a market capitalization of $2.14 billion, a PE ratio of 77.10, a PEG ratio of 1.82 and a beta of 1.52.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stephens assumed coverage on OPENLANE in a research note on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 price target for the company. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a research note on Friday, February 14th. StockNews.com raised OPENLANE from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, OPENLANE has a consensus rating of “Moderate Buy” and an average 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.