OPENLANE (NYSE:KAR – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.810-0.870 for the period, compared to the consensus earnings per share estimate of 0.790. The company issued revenue guidance of -. OPENLANE also updated its FY24 guidance to $0.81-$0.87 EPS.
OPENLANE Trading Down 0.6 %
Shares of NYSE KAR traded down $0.12 during midday trading on Friday, hitting $19.44. 1,134,767 shares of the company’s stock were exchanged, compared to its average volume of 498,336. The business’s fifty day moving average price is $16.47 and its two-hundred day moving average price is $16.97. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 74.77, a PEG ratio of 1.84 and a beta of 1.44. OPENLANE has a 12-month low of $12.86 and a 12-month high of $19.94.
OPENLANE (NYSE:KAR – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The specialty retailer reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $448.00 million during the quarter, compared to analysts’ expectations of $431.68 million. OPENLANE had a net margin of 4.26% and a return on equity of 8.66%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 EPS. Equities analysts expect that OPENLANE will post 0.77 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on KAR
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.
Featured Stories
- Five stocks we like better than OPENLANE
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- MarketBeat Week in Review – 11/4 – 11/8
- What Makes a Stock a Good Dividend Stock?
- Trump’s Return: Which Sectors Will Benefit Most?
Receive News & Ratings for OPENLANE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OPENLANE and related companies with MarketBeat.com's FREE daily email newsletter.
