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 earnings per share guidance of 1.220-1.26 for the period, compared to the consensus earnings per share estimate of 1.160. The company issued revenue guidance of -.

OPENLANE Trading Down 4.1%

Shares of KAR stock traded down $1.08 during trading hours on Thursday, reaching $24.98. 1,040,828 shares of the company’s stock were exchanged, compared to its average volume of 844,482. OPENLANE has a 1 year low of $17.08 and a 1 year high of $30.93. The stock has a market cap of $2.66 billion, a PE ratio of 33.95, a PEG ratio of 1.81 and a beta of 1.33. The stock’s fifty day moving average price is $27.80 and its two-hundred day moving average price is $25.23.

OPENLANE (NYSE:KAR) last released its earnings results on Wednesday, November 5th. The specialty retailer reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. OPENLANE had a return on equity of 11.65% and a net margin of 8.18%.The firm had revenue of $498.40 million during the quarter, compared to the consensus estimate of $464.40 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. OPENLANE has set its FY 2025 guidance at 1.220-1.26 EPS. On average, equities analysts expect that OPENLANE will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on KAR. Zacks Research raised OPENLANE from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Stephens lifted their target price on OPENLANE from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. lifted their target price on OPENLANE from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings downgraded OPENLANE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, Barrington Research boosted their price target on OPENLANE from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its stake in OPENLANE by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 78,961 shares of the specialty retailer’s stock valued at $1,931,000 after purchasing an additional 482 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in OPENLANE by 4.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 659,516 shares of the specialty retailer’s stock valued at $16,125,000 after buying an additional 28,351 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in OPENLANE by 3.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 125,994 shares of the specialty retailer’s stock valued at $3,086,000 after buying an additional 4,273 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of OPENLANE by 318.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,066 shares of the specialty retailer’s stock worth $271,000 after purchasing an additional 8,419 shares during the period. Finally, State of Tennessee Department of Treasury grew its holdings in shares of OPENLANE by 38.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 37,269 shares of the specialty retailer’s stock worth $911,000 after purchasing an additional 10,401 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

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.