OPENLANE (KAR) Q2 Earnings Miss Estimates
OPENLANE (KAR) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.25 per share a year ago.
Earnings Preview: OPENLANE (KAR) Q2 Earnings Expected to Decline
OPENLANE (KAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Openlane: Buy On Earnings Turnaround And Market Share Gains
OPENLANE is a leading used car conglomerate that reported $200 million in losses in 2023 but will likely swing to $100 million in net profit by 2025. OPENLANE's primary source of losses, its marketplace segment, should see margins improve in the coming quarters. OPENLANE will report Q2 earnings on August 2, which will “roll over” a previous $251 million impairment, providing a short-term catalyst for the stock.
