Openlane updates FY24 EPS guidance to $0.77-$0.87, higher than consensus estimate, with positive ROE and $391.3M revenue.

OPENLANE (NYSE: KAR) has updated its FY24 earnings guidance to $0.77-$0.87 EPS, slightly higher than the consensus estimate of $0.77. The company, a digital marketplace for used vehicles, reported a positive return on equity of 7.49% and revenue of $391.30 million in its latest quarter. Institutional investors own 99.76% of its stock, with an average rating of "Moderate Buy" and a consensus target price of $18.75.

February 23, 2024
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