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Openlane inc   (KAR)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 

KAR's Revenue Growth by Quarter and Year

Openlane Inc 's Revenue results by quarter and year




KAR Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 391.30 372.80 549.40 529.60
III Quarter September 416.30 393.00 535.20 593.60
II Quarter June 416.90 384.20 585.40 419.00
I Quarter March 420.60 369.40 581.60 645.50
FY   1,645.10 1,519.40 2,251.60 2,187.70



KAR Revenue fourth quarter 2023 Y/Y Growth Comment
Openlane inc achieved in the fourth quarter 2023, above Company average Revenue improvement of 4.96% year on year, to $ 391.30 millions.

Looking into fourth quarter 2023 results within Automotive Aftermarket industry 8 other companies have achieved higher Revenue growth. While Openlane Inc ' s Revenue increase of 4.96% ranks overall at the positon no. 1123 in the fourth quarter 2023.




KAR Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 4.96 % -32.14 % 3.74 % -74.77 %
III Quarter September 5.93 % -26.57 % -9.84 % -15.43 %
II Quarter June 8.51 % -34.37 % 39.71 % -41.73 %
I Quarter March 13.86 % -36.49 % -9.9 % -38.34 %
FY   8.27 % -32.52 % 2.92 % -52.1 %

Financial Statements
Openlane Inc 's fourth quarter 2023 Revenue $ 391.30 millions KAR's Income Statement
Openlane Inc 's fourth quarter 2022 Revenue $ 372.80 millions Quarterly KAR's Income Statement
New: More KAR's historic Revenue Growth >>


KAR Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -6.01 % -5.14 % 2.65 % -10.78 %
III Quarter September -0.14 % 2.29 % -8.58 % 41.67 %
II Quarter June -0.88 % 4.01 % 0.65 % -35.09 %
I Quarter March 12.82 % -32.76 % 9.82 % -69.25 %
FY (Year on Year)   8.27 % -32.52 % 2.92 % -52.1 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #9
Retail Sector #35
Overall #1123

Revenue Y/Y Growth Statistics
High Average Low
125.99 % 2.59 % -74.77 %
(Dec 31 2019)   (Dec 31 2020)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #9
Retail Sector #35
Overall #1123
Revenue Y/Y Growth Statistics
High Average Low
125.99 % 2.59 % -74.77 %
(Dec 31 2019)   (Dec 31 2020)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Openlane Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
199.11 % 3.07 % -69.25 %
(Dec 31 2019)  


KAR's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Openlane Inc realized decline in Revenue from the previous quarter by -6.01% to $ 391.30 millions, from $ 416.30 millions released in the previous reporting period.

When you analyse present downturn in the quarter, you must presume, that usually IV. Quarter Revenue emerge softer then in the quarter before, Lorenzo Marino, Retail sector consultant added.

Within Automotive Aftermarket industry 9 other companies have achieved higher Revenue quarter on quarter growth. While Openlane Inc 's Revenue growth quarter on quarter, overall rank is 1876.


Revenue Q/Q Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #10
Retail Sector #67
Overall #1876
Revenue Q/Q Growth Company Ranking
Within: No.
Automotive Aftermarket Industry #10
Retail Sector #67
Overall #1876
Revenue Q/Q Growth Statistics
High Average Low
199.11 % 3.07 % -69.25 %
(Dec 31 2019)  


KAR's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Openlane Inc disclosed decline in Revenue sequentially by -6.01% to $ 391.30 millions, from $ 416.30 millions achived a quarter before.

It's not big concern, as Openlane Inc 's Revenue generally gravitate to dip in this quarter Lorenzo Marino, Retail sector consultant noted.

Within Automotive Aftermarket industry 9 other companies have achieved higher Revenue quarter on quarter growth. While Openlane Inc 's Revenue growth quarter on quarter, overall rank is 1876.


Openlane Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 1,645.10 $ 1,626.60 $ 1,603.30 $ 1,570.60 $ 1,519.40
Y / Y Revenue Growth (TTM) 8.27 % -4.09 % -12.78 % -22.99 % -32.52 %
Year on Year Revenue Growth Overall Ranking # 1039 # 3194 # 946 # 826 # 2319
Seqeuential Revenue Change (TTM) 1.14 % 1.45 % 2.08 % 3.37 % -10.41 %
Seq. Revenue Growth (TTM) Overall Ranking # 880 # 2692 # 3038 # 2967 # 1940




Cumulative Revenue growth Comment
Openlane Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 8.27% year on year, to $ 1,645 millions if the fiscal year would have ended in Dec 31 2023.
Openlane Inc 's trailing twelve months Revenue growth was higher than company's average 0.1% and higher than -4.09% growth in Sep 30 2023.
But from twelve months ended Sep 30 2023 increase was beneth at 1.14 % from $1626.6 millions recorded in twelve months ending a quarter Sep 30 2023 Lorenzo Marino went on.
Yet it was evidence of positive momentum, while the average Q/Q TTM Revenue growth is at 0.1%.
The progress was much more impressive from the previous reporting period exhibited at 1.14 % jump from $1626.6 millions in twelve months ending a quarter Sep 30 2023.

In the Retail sector 41 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1039, from total ranking in previous quarter at 3194.

Revenue TTM Q/Q Growth Statistics
High Average Low
21.16 %
0.1 %
-52.1 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry # 8
Retail Sector # 42
Overall # 1039

Revenue TTM Y/Y Growth Statistics
High Average Low
21.16 %
0.1 %
-52.1 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 37
S&P 500 # 880
Cumulative Revenue growth Comment
Openlane Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 8.27% year on year, to $ 1,645 millions if the fiscal year would have ended in Dec 31 2023.
Openlane Inc 's trailing twelve months Revenue growth was higher than company's average 0.1% and higher than -4.09% growth in Sep 30 2023.
But sequential growth rate was beneth at 1.14 % from $1626.6 millions recorded in the period from Sep 30 2023 to Dec 31 2022 Lorenzo Marino added on.
Yet it was evidence of strength, as the typical sequential Revenue growth is at 0.1%.
The progress was even higher from the previous reporting period exhibited at 1.14 % rise from $1626.6 millions in twelve months ending a quarter Sep 30 2023.

In the Retail sector 41 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1039, from total ranking in previous quarter at 3194.

Revenue TTM Q/Q Growth Statistics
High Average Low
21.16 %
0.1 %
-52.1 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Automotive Aftermarket Industry # 8
Retail Sector # 42
Overall # 1039

Revenue TTM Y/Y Growth Statistics
High Average Low
21.16 %
0.1 %
-52.1 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 37
S&P 500 # 880




Other Revenue Growth
Automotive Aftermarket Industry Revenue Growth Trends and Statistics
Retail Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
KAR's Revenue Growth Ratio versus Automotive Aftermarket Industry, Retail Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for KAR's Competitors
Revenue Growth for Openlane Inc 's Suppliers
Revenue Growth for KAR's Customers

You may also want to know
KAR's Annual Growth Rates KAR's Profitability Ratios KAR's Asset Turnover Ratio KAR's Dividend Growth
KAR's Roe KAR's Valuation Ratios KAR's Financial Strength Ratios KAR's Dividend Payout Ratio
KAR's Roa KAR's Inventory Turnover Ratio KAR's Growth Rates KAR's Dividend Comparisons



Companies with similar Revenue decline for the quarter ending Dec 31 2023 within Retail SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Rush Enterprises Inc 7.78%$ 7.782 millions
Grocery Outlet Holding Corp 6.45%$ 6.451 millions
G Willi food International Ltd 5.80%$ 5.801 millions
O Reilly Automotive Inc5.17%$ 5.169 millions
W w Grainger Inc 5.13%$ 5.129 millions
Openlane inc 4.96%$ 4.962 millions
Us Foods Holding Corp 4.94%$ 4.944 millions
Brilliant Earth Group Inc 4.48%$ 4.477 millions
Sysco Corporation3.73%$ 3.733 millions
Fastenal Co3.73%$ 3.728 millions
Penske Automotive Group Inc 3.71%$ 3.709 millions
Lithia Motors Inc 2.65%$ 2.653 millions
Driven Brands Holdings Inc 2.60%$ 2.599 millions




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