OPENLANE (NYSE:KAR – Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect OPENLANE to post earnings of $0.21 per share for the quarter. OPENLANE has set its FY24 guidance at $0.77-$0.87 EPS and its FY 2024 guidance at 0.770-0.870 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
OPENLANE (NYSE:KAR – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The specialty retailer reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. OPENLANE had a positive return on equity of 7.49% and a negative net margin of 9.37%. The company had revenue of $391.30 million during the quarter, compared to analysts’ expectations of $392.56 million. During the same period in the prior year, the business earned $0.33 earnings per share. OPENLANE’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect OPENLANE to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
OPENLANE Price Performance
KAR opened at $17.41 on Tuesday. OPENLANE has a 1-year low of $12.86 and a 1-year high of $17.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day moving average of $16.49 and a 200-day moving average of $15.15.
Insider Activity at OPENLANE
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $25.00 price objective on shares of OPENLANE in a research report on Wednesday, February 21st. Bank of America upgraded OPENLANE from an “underperform” rating to a “neutral” rating and upped their target price for the company from $16.00 to $20.00 in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, OPENLANE has an average rating of “Hold” and an average price target of $19.50.
Get Our Latest Analysis on KAR
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.
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