OPENLANE/$KAR

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About OPENLANE

Openlane Inc provides a digital marketplace for used vehicles, connecting sellers and buyers in North America and Europe for fast and transparent transactions. Its services include financing, repossessions, repairs, transportation, warranty, and inventory management. The company operates used-vehicle auctions and has two main segments: Marketplace and Finance, with majority revenue coming from the Marketplace segment, which to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain. The Finance segment, through AFC engaged in business of providing short-term, inventory-secured financing to independent vehicle dealers.

Ticker

$KAR

Primary listing

NYSE

Industry

Commercial Services and Supplies

Employees

4,440

ISIN

US48238T1097

OPENLANE Metrics

BasicAdvanced
$2.7B
43.74
$0.58
1.41
-

What the Analysts think about OPENLANE

Analyst ratings (Buy, Hold, Sell) for OPENLANE stock.

Bulls say / Bears say

OPENLANE's recent launch of Code Boost IQ, an AI-powered tool that enhances vehicle inspection reports, is expected to streamline the wholesale vehicle buying process and reduce arbitration cases, potentially increasing dealer satisfaction and transaction volumes. (stocktitan.net)
The company's Q2 2024 financial results showed a 4% year-over-year increase in total revenue to $432 million and a 7% rise in marketplace volumes, indicating strong operational performance and market demand. (stocktitan.net)
Analyst upgrades, such as Stephens raising OPENLANE's rating from 'equal weight' to 'overweight' and increasing the price target from $20.00 to $26.00, reflect growing confidence in the company's growth prospects. (techdows.com)
JPMorgan Chase & Co. downgraded OPENLANE from 'overweight' to 'neutral' and reduced the price target from $23.00 to $20.00, suggesting concerns about the company's future performance. (techdows.com)
StockNews.com downgraded OPENLANE from a 'buy' rating to a 'hold' rating, indicating potential challenges or uncertainties in the company's outlook. (etfdailynews.com)
The company's exposure to Canada's retroactive Digital Services Tax is estimated to add $5 million in incremental costs for 2024, which could impact profitability. (stocktitan.net)
Data summarised monthly by Lightyear AI. Last updated on 9 Jul 2025.

OPENLANE Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

OPENLANE Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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