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OPENLANE (KAR) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-07 23:20
OPENLANE (KAR) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 29.17%. A quarter ago, it was expected that this used and salvaged vehicle auctioneer would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise. Over the last four quarters ...
OPENLANE(KAR) - 2025 Q1 - Quarterly Report
2025-05-07 22:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employe ...
OPENLANE(KAR) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:02
OPENLANE (KAR) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Jared Harnish - Head of Financial Planning and AnalysisPeter Kelly - CEORyan Miller - VP - FinanceJeff Lick - Managing Director & Equity Research - Consumer & Auto EcosystemBret Jordan - Managing Director Conference Call Participants Craig Kennison - Director of Research Operations & Senior Research AnalystRajat Gupta - AnalystNone - Analyst Operator Good day, and welcome to the OpenLanes First Quarter twenty twenty five Earn ...
OPENLANE(KAR) - 2025 Q1 - Earnings Call Transcript
2025-05-07 22:00
OPENLANE (KAR) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good day, and welcome to the OpenLanes First Quarter twenty twenty five Earnings Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to Jared Harnish. Please go ahead. Speaker1 Thank you, operator. Good afternoon, everyone. Welcome to OpenLane's first quarter twenty twent ...
OPENLANE(KAR) - 2025 Q1 - Earnings Call Presentation
2025-05-07 20:18
Forward-Looking Statements Certain statements contained in this presentation include, and OPENLANE may make related oral, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements made that are not historical facts (including but not limited to expectations, estimates, assumptions, projections and/or financial guidance) may be forward-looking statements. Words such as "should," "may," "will," "would," "anticipate," "expect," "project," ...
OPENLANE(KAR) - 2025 Q1 - Quarterly Results
2025-05-07 20:15
EXHIBIT 99.2 OPENLANE, Inc. First Quarter 2025 Supplemental Financial Information May 7, 2025 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States ("GAAP"). They are not measurements of our financial performance under GAAP and should not be considered as substitutes for net income (loss), operating p ...
OPENLANE, Inc. Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-07 20:15
Marketplace dealer volume growth of 15% YoY Revenue of $460 million, representing 7% YoY growth, driven by 10% YoY Marketplace growth Income from continuing operations of $37 million, representing 99% YoY growth Adjusted EBITDA of $83 million, representing 11% YoY growth Cash flow from operating activities of $123 million, representing 22% YoY growth Authorized new $250 million share repurchase programCARMEL, Ind., May 7, 2025  /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its first quarter fi ...
OPENLANE (KAR) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-04-30 15:07
The market expects OPENLANE (KAR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 7, 2025, might help the stock move higher if these key numbers are better t ...
OPENLANE Names Brad Herring Chief Financial Officer
Prnewswire· 2025-04-22 20:15
Bolsters Leadership Bench With More Than 30 Years of Financial Management and Investor Relations Expertise CARMEL, Ind., April 22, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the company has named Brad Herring as EVP and Chief Financial Officer effective May 27, 2025. Herring will be responsible for leading all financial, reporting and investor-facing functions across OPENLANE, including the company's capital investment s ...
KAR or RACE: Which Is the Better Value Stock Right Now?
ZACKS· 2025-04-22 16:40
Investors interested in Automotive - Original Equipment stocks are likely familiar with OPENLANE (KAR) and Ferrari (RACE) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets ...