OPENLANE (NYSE:KAR) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

OPENLANE Trading Down 0.4 %

Shares of KAR traded down $0.08 during midday trading on Wednesday, reaching $20.05. 890,607 shares of the stock were exchanged, compared to its average volume of 592,450. The company has a market capitalization of $2.14 billion, a P/E ratio of 77.10, a PEG ratio of 1.82 and a beta of 1.52. OPENLANE has a 52 week low of $12.86 and a 52 week high of $21.51. The company’s 50 day moving average is $20.40 and its two-hundred day moving average is $18.48.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com upgraded OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Stephens initiated coverage on OPENLANE in a research note on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of OPENLANE in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.