OPENLANE (KAR) Beats Q1 Earnings and Revenue Estimates

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 ...