KAR Stock Recent News

New Code Boost IQ Exploits Data Moat to Empower US Dealers with Smarter, Faster Purchase Decisions CARMEL, Ind. , Aug. 15, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the launch of Code Boost IQ, a first-of-its-kind vehicle inspection enhancement that enables faster, better informed decision-making for dealers.

OPENLANE, Inc. (NYSE:KAR ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Itunu Orelaru – Head-Investor Relations Peter Kelly – Chief Executive Officer Brad Lakhia – Executive Vice President and Chief Financial Officer Conference Call Participants Craig Kennison – Baird Bob Labick – CJS Securities Billy Healey – Bank of America Bret Jordan – Jefferies Rajat Gupta – JPMorgan Operator Good day, and welcome to the OPENLANE Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode.

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.

CARMEL, Ind. , Aug. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), today reported its second quarter financial results for the period ended June 30, 2024.

New Automated Absolute Sale Empowers Dealers to "Set and Forget", Capture Optimal Buyer Demand in Real Time CARMEL, Ind. , Aug. 6, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the launch of Automated Absolute Sale, a new tool that empowers US sellers to set a price threshold at the time of listing that, when achieved, immediately moves the vehicle into Absolute Sale mode.

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 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.

CARMEL, Ind. , July 18, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its second quarter 2024 financial results after the market closes on Wednesday, August 7, 2024.

Promotion Fortifies Leadership Bench with Broad Financial Experience CARMEL, Ind. , July 17, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the promotion of Itunu Orelaru to Head of Investor Relations.

New Director Brings C-Suite Track Record Driving Growth and Success CARMEL, Ind. , June 20, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the appointment of Randy Altschuler to its board of directors.