OPENLANE (NYSE:KAR) Issues FY 2025 Earnings Guidance

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

OPENLANE Trading Up 3.0 %

Shares of KAR traded up $0.60 during trading hours on Thursday, hitting $20.67. 240,767 shares of the stock traded hands, compared to its average volume of 581,289. The business has a fifty day moving average of $20.38 and a 200-day moving average of $18.51. OPENLANE has a 1-year low of $12.86 and a 1-year high of $21.93. The firm has a market capitalization of $2.21 billion, a PE ratio of 79.40, a price-to-earnings-growth ratio of 1.78 and a beta of 1.52.

OPENLANE (NYSE:KAR) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. OPENLANE had a net margin of 4.26% and a return on equity of 8.67%. The business had revenue of $455.00 million during the quarter, compared to the consensus estimate of $416.64 million. As a group, equities research analysts expect that OPENLANE will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stephens started coverage on OPENLANE in a research report on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 price target on the stock. StockNews.com raised shares of OPENLANE from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of OPENLANE in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

OPENLANE Company Profile

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.