OPENLANE (NYSE:KAR – Get Free Report) issued its quarterly earnings results on Wednesday. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate 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 Trading Down 0.4 %
KAR stock traded down $0.08 during trading on Wednesday, hitting $20.05. The company had a trading volume of 869,669 shares, compared to its average volume of 592,450. The company has a fifty day moving average price of $20.40 and a two-hundred day moving average price of $18.48. The company 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. OPENLANE has a fifty-two week low of $12.86 and a fifty-two week high of $21.51.
Wall Street Analysts Forecast Growth
KAR has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of OPENLANE in a research report on Friday, February 14th. Stephens started coverage on OPENLANE in a report on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on OPENLANE from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, StockNews.com raised OPENLANE from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Two research 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 an average 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.
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