Openlane Inc reports results for the quarter ended December 31 - Earnings Summary

OPENLANE

19/02/2025 22:40

* Openlane Inc  KAR.N  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 21 cents per share. Wall Street expected
results to range from 19 cents to 22 cents per share.
    * Revenue rose 16.3% to $455.00 million from a year ago;
analysts
expected $420.30 million. 
    * Openlane Inc's reported EPS for the quarter was 29 cents​.
    * The company reported quarterly net income of $52.3
million.
    * Openlane Inc shares had risen by 1.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for Openlane Inc is
$22.00 
This summary was machine generated from LSEG data February 19 at
10:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.21           0.21           Met
 Sep. 30 2024      0.22           0.26           Beat
 Jun. 30 2024      0.21           0.19           Missed
 Mar. 31 2024      0.21           0.19           Missed