OPENLANE (NYSE:KAR) Issues FY 2025 Earnings Guidance

OPENLANE (NYSE:KAR) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.900-1.000 for the period, compared to the consensus earnings per share estimate of 0.960. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KAR shares. JPMorgan Chase & Co. raised their price objective on OPENLANE from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of OPENLANE in a research note on Friday, February 14th. StockNews.com raised OPENLANE from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Stephens started coverage on OPENLANE in a research report on Wednesday, January 22nd. They set an “equal weight” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.60.

OPENLANE Trading Down 0.4 %

Shares of NYSE:KAR traded down $0.08 during trading on Wednesday, reaching $20.05. The company’s stock had a trading volume of 890,767 shares, compared to its average volume of 593,122. The firm’s 50 day simple moving average is $20.40 and its two-hundred day simple moving average is $18.48. OPENLANE has a 12 month low of $12.86 and a 12 month high of $21.51. The stock has a market capitalization of $2.14 billion, a PE ratio of 77.10, a price-to-earnings-growth ratio of 1.82 and a beta of 1.52.

OPENLANE (NYSE:KAR) last announced its earnings results on Wednesday, February 19th. The specialty retailer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. OPENLANE had a return on equity of 8.67% and a net margin of 4.26%. Research analysts anticipate that OPENLANE will post 0.85 EPS for the current fiscal year.

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.