OPENLANE (KAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Group 1 - OPENLANE is expected to report quarterly earnings of $0.24 per share, reflecting a year-over-year increase of +26.3%, with revenues projected at $449 million, up 4% from the previous year [3] - The consensus EPS estimate has been revised 2.17% higher in the last 30 days, indicating a positive reassessment by analysts [4] - OPENLANE has a positive Earnings ESP of +5.63%, suggesting a strong likelihood of beating the consensus EPS estimate, supported by a Zacks Rank of 1 [12] Group 2 - In the last reported quarter, OPENLANE exceeded the expected earnings of $0.24 per share by delivering $0.31, resulting in a surprise of +29.17% [13] - Over the past four quarters, OPENLANE has beaten consensus EPS estimates two times [14] - The company is viewed as a compelling earnings-beat candidate, although other factors should also be considered before making investment decisions [17] Group 3 - EVgo Inc., another player in the automotive industry, is expected to report a loss of $0.1 per share, with revenues anticipated to be $87.36 million, up 31.1% year-over-year [18] - The consensus EPS estimate for EVgo has been revised 2.4% lower in the last 30 days, resulting in a negative Earnings ESP of -30%, making it challenging to predict an earnings beat [19]