OPENLANE (KAR) Misses Q1 Earnings and Revenue Estimates

OPENLANE (KAR) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of$ 0.21 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.52%. A quarter ago, it was expected that this used and salvaged vehicle auctioneer would post earnings of$ 0.13 per share when it actually produced earnings of $0.16, delivering a surprise of 23.08%.Over the last four q ...