OPENLANE (NYSE:KAR) Issues 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 (EPS) guidance of 0.900-1.000 for the period, compared to the consensus estimate of 0.960. The company issued revenue guidance of -.

OPENLANE Stock Performance

KAR stock traded down $0.08 during mid-day trading on Wednesday, hitting $20.05. 869,174 shares of the company were exchanged, compared to its average volume of 590,976. The firm has a market cap of $2.14 billion, a P/E ratio of 77.10, a P/E/G ratio of 1.82 and a beta of 1.52. The firm’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $18.48. OPENLANE has a 1-year low of $12.86 and a 1-year high of $21.51.

Wall Street Analysts Forecast Growth

KAR has been the topic of several research analyst reports. StockNews.com upgraded shares of OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. 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. JPMorgan Chase & Co. raised their price target on shares of OPENLANE from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Stephens began coverage on shares of OPENLANE in a research note on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, OPENLANE 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.