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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5%. 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 $0.19, delivering a surprise of -9.52%. Over the last four qu ...