NYSE:KARCommercial Services
OPENLANE (KAR): Revisiting Valuation After Improved Q3 Results and Lowered Full-Year Outlook
OPENLANE (KAR) just posted higher revenue and net income for the third quarter, but also lowered its earnings guidance for the year. The company now expects a diluted loss instead of income. This combination gives investors plenty to consider.
See our latest analysis for OPENLANE.
OPENLANE’s share price has rebounded strongly this year, with a 27.25% year-to-date gain, while the 1-year total shareholder return is 29.31%. Short-term momentum has been more volatile, however, with some cooling...