OPENLANE (NYSE:KAR) Issues FY 2025 Earnings Guidance

OPENLANE (NYSE:KAR) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 1.220-1.26 for the period, compared to the consensus EPS estimate of 1.160. The company issued revenue guidance of -.

Analysts Set New Price Targets

KAR has been the subject of several analyst reports. Zacks Research upgraded OPENLANE from a “hold” rating to a “strong-buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on OPENLANE from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday. Barrington Research increased their price objective on shares of OPENLANE from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings downgraded shares of OPENLANE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, Stephens boosted their price objective on shares of OPENLANE from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, OPENLANE presently has an average rating of “Moderate Buy” and a consensus target price of $29.75.

OPENLANE Trading Up 0.5%

KAR traded up $0.13 during trading on Friday, hitting $25.07. The company’s stock had a trading volume of 1,317,060 shares, compared to its average volume of 849,763. The business’s fifty day simple moving average is $27.72 and its 200 day simple moving average is $25.22. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 33.88, a P/E/G ratio of 1.81 and a beta of 1.33. OPENLANE has a twelve month low of $17.08 and a twelve month high of $30.93.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KAR. State Street Corp raised its holdings in shares of OPENLANE by 2.8% in the 2nd quarter. State Street Corp now owns 4,140,043 shares of the specialty retailer’s stock valued at $101,224,000 after purchasing an additional 110,841 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of OPENLANE by 4.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 659,516 shares of the specialty retailer’s stock worth $16,125,000 after acquiring an additional 28,351 shares in the last quarter. Bank of America Corp DE lifted its stake in OPENLANE by 6.1% during the second quarter. Bank of America Corp DE now owns 427,026 shares of the specialty retailer’s stock worth $10,441,000 after purchasing an additional 24,673 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in OPENLANE by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,688 shares of the specialty retailer’s stock valued at $7,089,000 after purchasing an additional 28,146 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in OPENLANE by 0.9% in the second quarter. Qube Research & Technologies Ltd now owns 357,622 shares of the specialty retailer’s stock valued at $8,744,000 after purchasing an additional 3,187 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.