OPENLANE (KAR) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this used and salvaged vehicle auctioneer would post earnings of $0.21 per share when it actually produced earnings of $0.26, delivering a surprise of 23.81%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.OPENLANE, ...

EXHIBIT 99.2 OPENLANE, Inc. Q4 and YTD 2024 Supplemental Financial Information February 19, 2025 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States ("GAAP"). They are not measurements of our financial performance under GAAP and should not be considered as substitutes for net income (loss), operatin ...

Core Insights - OPENLANE, Inc. reported positive financial results for Q4 and full-year 2024, with significant growth in its marketplace business, achieving a 15% increase in dealer volumes and a 30% rise in Adjusted EBITDA [2][7] - The company emphasizes its asset-light, digital model's scalability, which has led to increased revenue and reduced costs, resulting in $293 million in Adjusted EBITDA for the year [2][7] Fourth Quarter Highlights - Marketplace total volume grew by 9% year-over-year, with dealer volume increasing by 15% - Consolidated revenue reached $455 million, marking a 12% year-over-year growth, driven by an 18% increase in Marketplace revenue - Consolidated Adjusted EBITDA for Q4 was $73 million, reflecting an 18% year-over-year growth [7][12] Full Year Highlights - For the full year, consolidated revenue was $1,789 million, representing a 5% year-over-year growth, with Marketplace growth at 8% - Consolidated income from continuing operations was $110 million, with Marketplace contributing $2 million - Consolidated Adjusted EBITDA for the year was $293 million, an 8% increase year-over-year [7][12] 2025 Guidance - The company provided guidance for 2025, projecting income from continuing operations between $100 million and $114 million - Adjusted EBITDA is expected to range from $290 million to $310 million - Operating adjusted net income from continuing operations per diluted share is forecasted to be between $0.90 and $1.00 [4][24][25] Financial Performance Metrics - Q4 2024 Adjusted EBITDA for the Marketplace was $31 million, a 30% increase year-over-year - Full-year 2024 cash flow from operating activities was $293 million - Gross Merchandise Value (GMV) for the year was approximately $27 billion, representing a 12% year-over-year growth [7][12]

CARMEL, Ind., Jan. 29, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter and full year 2024 financial results after the market closes on Wednesday, Feb. 19, 2025.OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Feb. 19, 2025, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. Th ...

OPENLANE (KAR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual inves ...

From a technical perspective, OPENLANE, Inc. (KAR) is looking like an interesting pick, as it just reached a key level of support. KAR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50 ...

OPENLANE (KAR) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.81%. A quarter ago, it was expected that this used and salvaged vehicle auctioneer would post earnings of $0.20 per share when it actually produced earnings of $0.19, delivering a surprise of -5%.Over the last four quar ...

EXHIBIT 99.2 OPENLANE, Inc. Third Quarter 2024 Supplemental Financial Information November 6, 2024 OPENLANE, Inc. EBITDA and Adjusted EBITDA Measures EBITDA and Adjusted EBITDA as presented herein are supplemental measures of our performance that are not required by, or presented in accordance with, generally accepted accounting principles in the United States ("GAAP"). They are not measurements of our financial performance under GAAP and should not be considered as substitutes for net income (loss) or any ...

CARMEL, Ind., Nov. 6, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its third quarter financial results for the period ended September 30, 2024."OPENLANE delivered strong third quarter results while advancing a differentiated pipeline of innovation and expanding our investments in people, technology and the customer experience," said Peter Kelly, CEO of OPENLANE. "I'm particularly pleased with the performance of our marketplace business, which grew volumes, gross profit and adjusted EBITDA ...

CARMEL, Ind., Oct. 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its third quarter 2024 financial results after the market closes on Wednesday, Nov. 6, 2024. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Nov. 6, 2024, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference cal ...