Openlane inc   (KAR)
Other Ticker:  
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
Price: $15.8600 $0.59 3.864%
Day's High: $15.9 Week Perf: 6.66 %
Day's Low: $ 15.16 30 Day Perf: 12.64 %
Volume (M): 1,008 52 Wk High: $ 16.49
Volume (M$): $ 15,990 52 Wk Avg: $14.63
Open: $15.25 52 Wk Low: $12.19

 Market Capitalization (Millions $) 1,644
 Shares Outstanding (Millions) 104
 Employees -
 Revenues (TTM) (Millions $) 1,645
 Net Income (TTM) (Millions $) -154
 Cash Flow (TTM) (Millions $) -119
 Capital Exp. (TTM) (Millions $) 52

Openlane Inc
KAR Auction Services, Inc. is a global vehicle remarketing company based in Carmel, Indiana, United States. The company was founded in 2006 and has since grown to become one of the world's largest wholesale vehicle auction companies. KAR Auction Services, Inc. provides a full spectrum of services to its clients, including financing, transportation, and warehousing.

KAR Auction Services, Inc. operates in three main business units: ADESA Auctions, Insurance Auto Auctions, and Automotive Finance Corporation. ADESA Auctions is a leading provider of vehicle auctions and related services in North America. Insurance Auto Auctions is a leading provider of salvage vehicle auctions and related services in North America. Automotive Finance Corporation provides inventory financing and related services to vehicle dealers in North America.

KAR Auction Services, Inc. has a diverse customer base, including vehicle manufacturers, insurance companies, rental car companies, fleet and lease companies, and dealers. The company operates more than 75 auction locations in North America and Europe, and sells more than5 million vehicles annually.

In addition to its core business, KAR Auction Services, Inc. has made significant investments in technology and innovation. The company has introduced innovative digital auction platforms that enable buyers and sellers to conduct business remotely. KAR Auction Services, Inc. has also invested in data analytics, machine learning, and artificial intelligence to improve its services and enhance customer experiences.

KAR Auction Services, Inc. is committed to sustainable business practices and has implemented programs to reduce its environmental footprint. The company has also established a foundation to support charitable organizations in the communities where it operates.

In summary, KAR Auction Services, Inc. is a global leader in vehicle remarketing, offering a broad range of services to diverse customer groups across North America and Europe. The company has a strong commitment to innovation, sustainability, and philanthropy.

   Company Address: 11299 N. Illinois Street Carmel 46032 IN
   Company Phone Number: 923-3725   Stock Exchange / Ticker: NYSE KAR
   KAR is expected to report next financial results on March 08, 2024.


Stock Performances by Major Competitors

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Openlane Inc

Automotive Aftermarket company sees 4.962% revenue rise in Q4 2023

In the highly dynamic world of stock markets, it is crucial to stay up-to-date with the latest financial results and industry trends. In this article, we delve into KAR's perplexing earnings results from the October to December 31, 2023 three-month period. We will also examine how Openlane Inc, a subsidiary of KAR, experienced a slower business surge compared to its peers in the Automotive Aftermarket industry. Additionally, we will explore some interesting facts about KAR's revenue and net profit per share.
KAR's Earnings Results
During the October to December 31, 2023 period, KAR witnessed a significant improvement in its net profit per share, soaring by 109.99% to $0.14 per share. This impressive growth showcases the company's ability to generate higher returns for its shareholders. Moreover, KAR observed a moderate increase in revenue by 4.962% to $391.30 million compared to the same reporting period a year ago.

Openlane Inc

Openlane Inc Surges with Impressive 7.69% Stock Gain, Defying Market Norms as KAR Struggles with -4.91% Loss

Openlane Inc, a leading player in the automotive aftermarket industry, has seen a solid gain of 7.69% in its stock over the last five trading days. This positive movement in stock price comes as welcome news for shareholders and investors. In contrast, another company in the same industry, KAR stock, has experienced a drop of -4.91% over the past 30 days.
Openlane Inc's stock is currently trading 17% above its 52-week low, indicating a favorable trend for the company. This rise in stock value can be attributed to the company's performance in the fiscal third quarter of 2023.

Openlane Inc

Openlane Inc Reports Balanced Growth Despite Losses in Q2 2023, Beats Automotive Aftermarket Industry Trend

Kar Auction Services Inc, a leading player in the automotive aftermarket industry, has recently reported mixed financial results for the interval closing June 30, 2023. While the company witnessed a decline in earnings per share and accounts receivable, it achieved revenue advancement and maintained a strong performance year to date. This article aims to analyze the implications of these financial results on the future prospects of Kar Auction Services Inc.
1. Decrease in Earnings and Revenue:
In the financial interval closing June 30, 2023, Kar Auction Services Inc experienced a substantial decline in earnings per share, slipping into a loss of $-1.87 per share compared to $1.28 reported in the same quarter the previous year. Additionally, the company's revenue for the corresponding quarter only witnessed a marginal increase of 8.511%, reaching $416.90 million. When compared sequentially, revenue decreased by -0.88% from $420.60 million.

Kar Auction Services Inc

Kar Auction Services Inc reported revenue advance respectably at, over the first quarter of 2023 earnings season

The recent financial performance results of Kar Auction Services Inc (KAR) indicate some concerning trends for investors who may be looking to bet on this company. While the company managed to achieve a return on average invested assets (ROI) of 9.96% in its first quarter of 2023, this is still below the average return on investment of 82 other companies within the Retail sector. Furthermore, KAR's total ranking for ROI has also deteriorated compared to the previous quarter, dropping from 1228 to 2898. These trends may signal that KAR is struggling to compete with its peers and may not be the best choice for investors looking for high returns.
Despite the slight improvement in ROI, KAR's net income has gradually deteriorated. This could be an alarming situation for potential investors as decreasing net income usually results in a falling share price. In light of this, investors may want to carefully evaluate the company's financial position and future outlook before deciding to invest.


Openlane Inc's Segments
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  Revenue Outlook
Openlane Inc does not provide revenue guidance.

Earnings Outlook
Openlane inc does not provide earnings estimates.

Geographic Revenue Dispersion


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