Overview

* OPENLANE ( KAR ) Q3 revenue grows 8% YoY, driven by 20% growth in auction fee revenue

* Income from continuing operations rises 69% YoY, reflecting strong profitability

* Company raises full-year guidance for Adjusted EBITDA and Operating Adjusted EPS

Outlook

* OPENLANE ( KAR ) raises 2025 Adjusted EBITDA guidance to $328-$333 mln

* Company revises 2025 Operating Adjusted EPS to $1.22-$1.26

* OPENLANE ( KAR ) anticipates off-lease vehicle inflection in 2026

Result Drivers

* DEALER VOLUME GROWTH - Marketplace dealer volume increased by 14%, outpacing industry growth and contributing to GMV rise

* AUCTION FEE REVENUE - 20% growth in auction fee revenue drove overall revenue growth

* DIGITAL MODEL - Asset-light, digital operating model supports scalability and profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.25

Q3 Net $47.90

Income mln

Q3 $443.40

Operatin mln

g

Expenses

Q3 $55 mln

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

* Wall Street's median 12-month price target for Openlane Inc ( KAR ) is $30.00, about 11.5% above its November 4 closing price of $26.56

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)