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Kar Auction Services Inc (KAR)
NYSE:KAR
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 4.24%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
OPENLANE's fourth quarter and full-year 2024 results demonstrate strong financial performance, driven by significant growth in Marketplace and dealer volumes. The company is optimistic about its long-term growth prospects, thanks to strategic investments in technology and customer experience. However, challenges remain due to low off-lease maturities and macroeconomic uncertainties.Company Guidance
During the conference call, OPENLANE provided guidance for 2025, indicating an expected adjusted EBITDA range of $290 million to $310 million and operating adjusted earnings per share between $0.90 and $1. The company also anticipates capital expenditures of $50 million to $55 million. Despite challenges such as the low point in off-lease maturities and macro uncertainties, OPENLANE remains optimistic due to its strategic investments in growth and innovation, particularly in the U.S. dealer-to-dealer market. The company highlighted strong performance in 2024, with a 12% increase in consolidated revenue and an 18% rise in adjusted EBITDA. The Marketplace segment saw a 9% increase in volumes and a 30% growth in adjusted EBITDA for the fourth quarter. Additionally, the Finance segment reported an impressive adjusted EBITDA of $159 million for the year, showcasing its strength and synergies with the Marketplace business.Strong Fourth Quarter and Year-End 2024 Performance
OPENLANE reported a 12% increase in consolidated revenue and an 18% increase in consolidated adjusted EBITDA for the fourth quarter. Marketplace volumes rose by 9%, and dealer volumes saw a significant 15% increase.
Consistent Marketplace Growth
The Marketplace segment generated $31 million in adjusted EBITDA during the fourth quarter, marking a 30% increase. For the full year, Marketplace adjusted EBITDA grew by 24%.
Robust Cash Flow and Strong Balance Sheet
OPENLANE generated $293 million in cash flow from operations for 2024, with a gross merchandise value increase of 12% to $27 billion.
Positive Outlook for 2025 and Beyond
With strategic investments in technology and customer experience, and expected volume growth from lease maturities starting in 2026, OPENLANE is optimistic about long-term growth potential.
Successful Dealer-to-Dealer Growth
Dealer volumes increased by 15% in Q4 2024, with growth in both the United States and Canada, indicating strong dealer engagement and platform adoption.
Return of a Large OEM Client
OPENLANE regained a significant off-lease remarketing business from a large OEM, highlighting its competitive advantage in technology and customer service.
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KAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $20.07 | $20.91 | +4.19% |
| Nov 06, 2024 | $17.48 | $19.56 | +11.90% |
| Aug 07, 2024 | $16.72 | $16.55 | -1.02% |
| May 01, 2024 | $17.45 | $17.58 | +0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kar Auction Services Inc (KAR) report earnings?
Kar Auction Services Inc (KAR) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Kar Auction Services Inc (KAR) earnings time?
Kar Auction Services Inc (KAR) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KAR EPS forecast?
KAR EPS forecast for the fiscal quarter 2025 (Q1) is 0.21.
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