Digital vehicle marketplace OPENLANE (NYSE: KAR) will be reporting results this Wednesday before market open. Here’s what you need to know.
OPENLANE beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $481.7 million, up 8.5% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.
Is OPENLANE a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting OPENLANE’s revenue to grow 2.3% year on year to $470.5 million, slowing from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OPENLANE has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.9% on average.
Looking at OPENLANE’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Steelcase delivered year-on-year revenue growth of 4.8%, beating analysts’ expectations by 2.7%, and Interface reported revenues up 5.9%, topping estimates by 2%. Steelcase’s stock price was unchanged after the resultswhile Interface was down 3.3%.
Read our full analysis of Steelcase’s results here and Interface’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. OPENLANE is down 4% during the same time and is heading into earnings with an average analyst price target of $31.36 (compared to the current share price of $26.59).
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