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OPENLANE (KAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-07-30 15:09
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]
OPENLANE (KAR) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-07-23 17:01
Company Overview - OPENLANE (KAR) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Price Performance - Over the past week, KAR shares increased by 1.24%, while the Zacks Automotive - Original Equipment industry remained flat [5] - In the last month, KAR's shares rose by 9.31%, outperforming the industry's 4.26% [5] - Over the past quarter, shares of OPENLANE have risen by 35.76%, and are up 37.62% in the last year, compared to the S&P 500's increases of 19.69% and 14.71%, respectively [6] Trading Volume - KAR's average 20-day trading volume is 1,053,398 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 2 earnings estimates for the full year have moved higher, while none have decreased, raising the consensus estimate from $0.98 to $1.00 [9] - For the next fiscal year, 3 estimates have increased with no downward revisions during the same period [9] Conclusion - Considering the strong price performance, positive earnings revisions, and high momentum score, KAR is positioned as a solid investment opportunity [11]
OPENLANE (KAR) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-07 23:20
Core Viewpoint - OPENLANE reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and showing an increase from $0.19 per share a year ago, indicating a 29.17% earnings surprise [1][2] Financial Performance - The company achieved revenues of $460.1 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.99%, compared to $416.3 million in the same quarter last year [2] - OPENLANE has exceeded consensus revenue estimates four times over the last four quarters [2] Stock Performance - OPENLANE shares have declined approximately 2.5% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $447.04 million, and for the current fiscal year, it is $0.97 on revenues of $1.77 billion [7] - The estimate revisions trend for OPENLANE is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which OPENLANE belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact OPENLANE's stock performance [5]
OPENLANE (KAR) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-04-30 15:07
Core Viewpoint - The market anticipates OPENLANE (KAR) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for the period ending March 2025 [1][2]. Earnings Expectations - OPENLANE is expected to post quarterly earnings of $0.24 per share, reflecting a year-over-year increase of +26.3% [3]. - Revenues are projected to reach $434.11 million, which is a 4.3% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [4]. - A positive Earnings ESP of +4.17% suggests that analysts have recently become more optimistic about OPENLANE's earnings prospects [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - OPENLANE currently holds a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, OPENLANE met the expected earnings of $0.21 per share, resulting in no surprise [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Industry Comparison - In the automotive industry, Ferrari (RACE) is expected to report earnings of $2.36 per share for the same quarter, representing a year-over-year change of +11.3% [17]. - Ferrari's revenues are anticipated to be $1.85 billion, up 7.3% from the previous year [17].