KAR Stock Recent News

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.

On Wall Street, small-cap stocks often present unique opportunities for significant growth. These under-the-radar companies are typically not as well-known or widely covered by analysts as their large-cap counterparts.

"Absolute Sale" Delivers Increased Velocity, Higher Engagement, Better Results CARMEL, Ind. , June 4, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces Absolute Sale, a new sale format that enables sellers to signal they are committed to selling a vehicle to the highest offer that day.

CARMEL, Ind. , May 9, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the J.P.

OPENLANE, Inc. (NYSE:KAR ) Q1 2024 Earnings Conference Call May 1, 2024 4:30 PM ET Company Participants Mike Eliason - Treasurer and Vice President of Investor Relations Peter Kelly - Chief Executive Officer Brad Lakhia - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Chase & Co. John Murphy - Bank of America Gary Prestopino - Barrington Research Associates, Inc. Craig Kennison - Robert W. Baird & Co. Robert Labick - CJS Securities Bret Jordan - Jefferies Group LLC Operator Good day, and welcome to the OPENLANE First Quarter 2024 Earnings Conference Call.

OPENLANE (KAR) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.12 per share a year ago.

OPENLANE (KAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.