Digital vehicle marketplace OPENLANE (NYSE:KAR) will be announcing earnings results this Wednesday before market hours. Here’s what investors should know.
OPENLANE beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $460.1 million, up 7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates.
Is OPENLANE a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting OPENLANE’s revenue to grow 2.5% year on year to $454.9 million, in line with the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OPENLANE has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.4% on average.
Looking at OPENLANE’s peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. HNI delivered year-on-year revenue growth of 7%, beating analysts’ expectations by 3.2%, and MillerKnoll reported revenues up 8.2%, topping estimates by 5.3%. HNI’s stock price was unchanged after the resultswhile MillerKnoll was up 12.2%.
Read our full analysis of HNI’s results here and MillerKnoll’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. OPENLANE is down 4.9% during the same time and is heading into earnings with an average analyst price target of $24.50 (compared to the current share price of $24.17).
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