Barrington Research analyst Gary Prestopino reiterates Openlane (NYSE:KAR) with a Outperform and maintains $25 price target.

Baird analyst Craig Kennison maintains Openlane (NYSE:KAR) with a Outperform and raises the price target from $18 to $20.

Openlane (NYSE:KAR) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $0.21 by 9.52 percent. This is a 58.33 percent increase over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $416.300 million which missed the analyst consensus estimate of $424.565 million by 1.95 percent. This is a 1.02 percent decrease over sales of $420.600 million the same period last year.

Gainers Enovix (NASDAQ:ENVX) stock increased by 13.5% to $7.41 during Wednesday's after-market session. The company's market cap stands at $1.2 billion. The company's, Q1 earnings came out today. C.H. Robinson Worldwide (NASDAQ:CHRW) shares rose 11.05% to $80.06. The market value of their outstanding shares is at $9.2 billion. As per the news, the Q1 earnings report came out today. Graphex Gr (AMEX:GRFX) shares increased by 9.56% to $0.25. The company's market cap stands at $11.3 million. Upwork (NASDAQ:UPWK) stock rose 5.76% to $12.65. The company's market cap stands at $1.6 billion. As per the news, the Q1 earnings report came out today. Hydrofarm Holdings Group (NASDAQ:HYFM) shares r

B of A Securities analyst John Murphy upgrades Openlane (NYSE:KAR) from Underperform to Neutral and raises the price target from $16 to $20.

Barrington Research analyst Gary Prestopino reiterates Openlane (NYSE:KAR) with a Outperform and maintains $25 price target.

Openlane (NYSE:KAR) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Openlane beat estimated earnings by 23.08%, reporting an EPS of $0.16 versus an estimate of $0.13. Revenue was up $18.50 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 4.35% increase in the share price the next day. Here's a look at Openlane's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.15 0.12 0.09 0.17 EPS Actual 0.18 0.25 0.12 0.33 Revenue Estimate 409.14M 418.82M 393.10M 379.27M Revenue Actual 416.

CARMEL, Ind., Nov. 6, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its third quarter financial results for the period ended September 30, 2024. "OPENLANE delivered strong third quarter results while advancing a differentiated pipeline of innovation and expanding our investments in people, technology and the customer experience," said Peter Kelly, CEO of OPENLANE. "I'm particularly pleased with the performance of our marketplace business, which grew volumes, gross profit and adjusted EBITDA with positive contributions from our US, Canadian and European marketp

CARMEL, Ind., Oct. 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its third quarter 2024 financial results after the market closes on Wednesday, Nov. 6, 2024. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, Nov. 6, 2024, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENL

CARMEL, Ind., Aug. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its second quarter financial results for the period ended June 30, 2024. "OPENLANE's second quarter and year-to-date results clearly demonstrate the power of our differentiated platform and the strong scalability characteristics of our company," said Peter Kelly, CEO of OPENLANE. "During the quarter, we grew marketplace and finance volumes, increased revenue and delivered strong adjusted EBITDA and operating cash flows. I am confident in OPENLANE's strategy, we are investing in technology and

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. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, August 7, 2024, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference call may be accessed by calling 1-833-634-2155 and asking to join the

CARMEL, Ind., May 1, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its first quarter financial results for the period ended March 31, 2024. "I am very pleased with OPENLANE's first quarter results and believe they represent a compelling preview of the performance OPENLANE is capable of delivering as the industry recovery continues" said Peter Kelly, CEO of OPENLANE. "The marketplace segment grew volumes by 13%, delivered 47% of total OPENLANE adjusted EBITDA and continued to take share from physical auctions. Our finance segment was also a strong contributor d

CARMEL, Ind., April 16, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024. OPENLANE will also host an earnings conference call and webcast following the release on Wednesday, May 1, 2024, at 4:30 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLA

CARMEL, Ind., Feb. 20, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its fourth quarter and annual financial results for the period ended December 31, 2023. "Our business made significant progress in 2023, and we are very pleased to deliver results that exceeded our guidance for the year," said Peter Kelly, CEO of OPENLANE. "We are beginning to see the positive impacts of our strategic investments in innovation and technology, our brand simplification work, as well as our continued diligence around costs. Our solid execution in the fourth quarter and throughou

CARMEL, Ind., Feb. 7, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its fourth quarter 2023 financial results after the market closes on Tuesday, February 20, 2024. OPENLANE will also host an earnings conference call and webcast following the release on Tuesday, February 20, 2024, at 5:00 p.m. ET. The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. The conference call may be accessed by calling 1-833-634-2155 and asking to join the

Transaction to Advance Digital Strategy and Growth through Expanded Inventory, Data and Customer Base Acquisition will benefit Canadian buyers and sellers with leading OPENLANE technology and enhanced vehicle availability and visibility beyond local auctions.Commercial and dealer-to-dealer transactions to be hosted on leading OPENLANE Canada digital marketplace and supported by existing nationwide network of OPENLANE vehicle logistics centres.Includes Manheim auction sales and operations and the Manheim Montreal facility; all other Manheim Canada facilities excluded.Anticipated to deliver accelerated cash flow payback through unlock of asset sale, cost and operational synergies.CARMEL, Ind.,

CARMEL, Ind., Aug. 2, 2023 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), today reported its second quarter financial results for the period ended June 30, 2023. "I am very pleased with our solid performance in the second quarter. Against an industry backdrop of continued tight supply, we delivered strong growth in revenue, total gross profit and adjusted EBITDA," said Peter Kelly, CEO of OPENLANE. "Our performance was led by our Marketplace segment, which, given the scalability of our asset-light, digital model, is very well positioned to help build on our positive operational an

8-K - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

S-8 - OPENLANE, Inc. (0001395942) (Filer)

10-Q - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

8-K - OPENLANE, Inc. (0001395942) (Filer)

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. A seasoned entrepreneur and executive, Altschuler brings more than 20 years of experience leveraging technology, digital marketplaces and artificial intelligence (AI) to transform the manufacturing landscape. "We are delighted to welcome Randy to our Board," said Michael Kestner, Chair of OPENLANE.

Nationwide Search to Identify Successor; EVP and CFO Brad Lakhia to Assume Treasurer Role CARMEL, Ind., Feb. 27, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, announced that Mike Eliason, Treasurer and Vice President of Investor Relations, is retiring after more than 25 years at the company, effective June 1, 2024. Eliason will continue to serve in his position until a successor is named to ensure a seamless transition. OPENLANE will conduct a thorough national search process for Eliason's successor. Upo

Peter Kelly to Continue as CEO, Michael Kestner Named Chairman of the Board CARMEL, Ind., March 31, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE:KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the retirement of executive chairman Jim Hallett. Hallett retains his seat on KAR's board of directors while stepping down from his roles as executive chairman for KAR and chairman of the board of directors. Michael Kestner, who has served as lead independent director since 2019, has been named chairman of KAR's board effective April 1, 2023, and Peter Kelly continues to serve as KAR's chief executive officer.

CHICAGO, Oct. 5, 2021 /PRNewswire/ -- Uptake, the leader in industrial intelligence software-as-a-service, announced today the appointment of its President, Kayne Grau, to the role of Chief Executive Officer along with his election to its Board of Directors. Founder Brad Keywell will transition to the role of Executive Chairman of the Board. Grau's expanded leadership role will focus on fortifying Uptake's unique industrial intelligence while enhancing the ease of deployment and speed to value of Uptake's products. Keywell will remain active in Uptake's growth, continuing to establish and expand strategic relationships with customers, partners, and industry.