OPENLANE (NYSE:KAR) Releases FY 2024 Earnings Guidance

Posted by on Nov 9th, 2024

OPENLANE (NYSE:KAR – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.810-0.870 for the period, compared to the consensus estimate of 0.790. The company issued revenue guidance of -. OPENLANE also updated its FY24 guidance to $0.81-$0.87 EPS.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a research note on Monday, November 4th.

View Our Latest Stock Report on OPENLANE

OPENLANE Stock Performance

NYSE KAR traded down $0.12 during trading on Friday, reaching $19.44. 1,134,767 shares of the company traded hands, compared to its average volume of 498,336. OPENLANE has a 1-year low of $12.86 and a 1-year high of $19.94. The stock’s 50 day moving average price is $16.47 and its two-hundred day moving average price is $16.97. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 74.77, a P/E/G ratio of 1.84 and a beta of 1.44.

OPENLANE (NYSE:KAR – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The specialty retailer reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $448.00 million for the quarter, compared to analysts’ expectations of $431.68 million. OPENLANE had a net margin of 4.26% and a return on equity of 8.66%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities research analysts expect that OPENLANE will post 0.77 EPS for the current fiscal year.

OPENLANE Company Profile

(Get Free Report)

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.

Further Reading

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