OPENLANE (NYSE:KAR) Updates FY 2025 Earnings Guidance

OPENLANE (NYSE:KAR) issued an update on its FY 2025 earnings guidance on Wednesday morning. 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 Stock Performance

KAR stock traded up $0.60 on Thursday, reaching $20.67. The company’s stock had a trading volume of 240,767 shares, compared to its average volume of 581,289. The business has a fifty day simple moving average of $20.38 and a two-hundred day simple moving average of $18.51. The firm has a market cap of $2.21 billion, a PE ratio of 79.40, a PEG ratio of 1.78 and a beta of 1.52. OPENLANE has a 12-month low of $12.86 and a 12-month high of $21.93.

OPENLANE (NYSE:KAR) last announced 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 firm had revenue of $455.00 million for the quarter, compared to analyst estimates of $416.64 million. As a group, research analysts anticipate that OPENLANE will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KAR. Stephens initiated coverage on shares of OPENLANE in a report on Wednesday, January 22nd. They issued an “equal weight” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of OPENLANE from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. StockNews.com upgraded OPENLANE from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, 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.