KAR Stock - OPENLANE, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.79B | $1.65B | $1.53B | $1.45B | $1.33B |
| Gross Profit | $708.70M | $777.50M | $615.90M | $658.10M | $582.60M |
| Gross Margin | 39.6% | 47.3% | 40.3% | 45.4% | 43.9% |
| Operating Income | $182.20M | $-5,200,000 | $94.70M | $127.50M | $69.20M |
| Net Income | $109.90M | $-154,100,000 | $241.20M | $66.50M | $500,000 |
| Net Margin | 6.1% | -9.4% | 15.8% | 4.6% | 0.0% |
| EPS | $0.46 | $-1.82 | $0.25 | $0.28 | $-0.16 |
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in the United States, Canada, Continental Europe and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles; and value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. Its digital marketplaces include OPENLANE platform, a mobile app enabled solutions that allows dealers to sell and source inventory. This segment sells its products and services through commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealers, and vehicle manufacturers. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent vehicle dealers. It serves commercial customers, and franchise and independent dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 12th 2025 | Barclays | Initiation | Overweight | $32 |
| March 27th 2025 | JP Morgan | Downgrade | Neutral | $20← $23 |
| February 28th 2025 | Stephens | Upgrade | Overweight | $26← $20 |
| January 22nd 2025 | Stephens | Initiation | Equal Weight | $20 |
| April 10th 2024 | BofA Securities | Upgrade | Neutral | $20← $16 |
| January 9th 2023 | BofA Securities | Downgrade | Underperform | $17← $23 |
| May 4th 2022 | CJS Securities | Upgrade | Market Outperform | $20 |
Earnings History & Surprises
KAREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | $0.30 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.30 | $0.35 | +16.7% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.24 | $0.33 | +37.5% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.24 | $0.31 | +29.2% | ✓ BEAT |
Q1 2025 | Feb 19, 2025 | $0.20 | $0.21 | +5.0% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.21 | $0.26 | +23.8% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $0.20 | $0.19 | -5.0% | ✗ MISS |
Q2 2024 | May 1, 2024 | $0.21 | $0.19 | -9.5% | ✗ MISS |
Q1 2024 | Feb 20, 2024 | $0.13 | $0.16 | +23.1% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $0.15 | $0.18 | +20.0% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.14 | $0.25 | +78.6% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.09 | $0.12 | +33.3% | ✓ BEAT |
Q1 2023 | Feb 21, 2023 | $0.18 | $0.33 | +83.3% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $0.15 | $0.05 | -66.7% | ✗ MISS |
Q3 2022 | Aug 2, 2022 | $0.08 | $-0.04 | -150.0% | ✗ MISS |
Q2 2022 | May 3, 2022 | $0.15 | $-0.02 | -113.3% | ✗ MISS |
Q1 2022 | Feb 16, 2022 | $0.05 | $0.11 | +120.0% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.07 | $0.08 | +14.3% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.16 | $0.15 | -6.3% | ✗ MISS |
Latest News
OPENLANE To Change NYSE Stock Ticker From "KAR" To "OPLN" On Dec. 26, 2025
➖ NeutralJP Morgan Maintains Neutral on Openlane, Raises Price Target to $29
➖ NeutralOpenlane Raises FY2025 Adj EPS Guidance from $1.12-$1.17 to $1.22-$1.26 vs $1.16 Est
📈 PositiveOpenlane Q3 Adj. EPS $0.35 Beats $0.28 Estimate, Sales $498.400M Beat $464.623M Estimate
📈 PositiveKAR Auction Non-GAAP EPS of $0.25 misses by $0.02, revenue of $498.4M beats by $34M
➖ NeutralOPENLANE Closes Repurchase Of 53% Of Its Series A Convertible Preferred Shares, Amends Current Credit Agreement With Further $550M In Secured Term Loans
➖ NeutralStephens & Co. Maintains Overweight on Openlane, Raises Price Target to $35
📈 PositiveOPENLANE To Repurchase 53% Of Series A Convertible Preferred Stock; Repurchase Price Set At $29.70 Per Share Including Dividends
📈 PositiveFrequently Asked Questions about KAR
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