Openlane Inc (KAR) Q3 2024 Earnings Call Highlights: Strong EBITDA Growth and Strategic Advancements [Yahoo! Finance]
KAR Auction Services, Inc (KAR)
Last kar auction services, inc earnings: 2/18 05:00 pm
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US:NYSE Investor Relations:
karauctionservices.com/investor-relations
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Source: Yahoo! Finance
Marketplace Segment Adjusted EBITDA: $36 million, a 34% increase over the third quarter of last year. Finance Segment Adjusted EBITDA: $39 million, down 5% from the previous year. Consolidated Revenue: $448 million, up 8% year-over-year. Gross Merchandise Value: Nearly $7 billion, a 12% increase over the same quarter last year. Marketplace Volume Growth: 6% increase. SG&A Costs: $99 million, down 7%. Share Repurchase: Approximately 1.8 million shares bought back in Q3. Updated Adjusted EBITDA Guidance: $285 to $295 million for the year. Warning! GuruFocus has detected 6 Warning Signs with KAR. Release Date: November 06, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Openlane Inc ( NYSE:KAR ) reported a strong third quarter with a 10% increase in adjusted EBITDA, reaching $75 million. The company generated $260 million in cash from operations year-to-date, demonstrating strong cash flow capabilities. T
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KAR
News
- OPENLANE, Inc. (NYSE: KAR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Those who invested in OPENLANE (NYSE:KAR) a year ago are up 39% [Yahoo! Finance]Yahoo! Finance
- OPENLANE, Inc. (NYSE: KAR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- OPENLANE (KAR) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- OPENLANE, Inc. (NYSE: KAR) had its price target raised by analysts at JPMorgan Chase & Co. from $21.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
KAR
Earnings
- 11/6/24 - Beat
KAR
Sec Filings
- 12/17/24 - Form 4
- 11/19/24 - Form 8-K
- 11/15/24 - Form 4
- KAR's page on the SEC website