OPENLANE Reports Fourth-Quarter Earnings of $52.3 Million, Meeting Wall Street Expectations
Carmel, Indiana (AP) - OPENLANE, Inc. (KAR) reported net income of $52.3 million for the fourth quarter, resulting in earnings per share of 29 cents. Excluding one-time events, adjusted earnings per share stood at 21 cents, matching analyst estimates.
The used and salvaged vehicle auctioneer generated revenue of $455 million during the period, exceeding market expectations of $417 million.
OPENLANE anticipates full-year earnings between $0.90 to $1.00 per share.