07:58 AM EDT, 08/06/2025 (MT Newswires) -- OPENLANE ( KAR ) reported Q2 adjusted earnings Wednesday of $0.33 per diluted share, up from $0.19 a year earlier.

Analysts polled by FactSet expected $0.22.

Total operating revenues for the quarter ended June 30 were $481.7 million, compared with $443.8 million a year earlier.

Analysts surveyed by FactSet expected $454.5 million.

The company raised its 2025 adjusted earnings guidance to $1.12 to $1.17 per share from $0.90 to $1 previously. Analysts surveyed by FactSet expect $0.99.

Shares of the company were up nearly 6% in Wednesday's premarket activity.