Duyuru • Aug 14
OPENLANE, Inc. has completed a Follow-on Equity Offering in the amount of $274.88 million. OPENLANE, Inc. has completed a Follow-on Equity Offering in the amount of $274.88 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: $34.36 Duyuru • Aug 13
OPENLANE, Inc. has filed a Follow-on Equity Offering in the amount of $274.88 million. OPENLANE, Inc. has filed a Follow-on Equity Offering in the amount of $274.88 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: $34.36 New Risk • Aug 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (€331k sold). Duyuru • Aug 04
OPENLANE, Inc. Updates Earnings Guidance for 2026 OPENLANE, Inc. Updated earnings guidance for 2026. For the period, the company expects Net income to be in the range of $163 millions to $176 million as compared to previous guidance of $147 millions to $164 millions. Net income per share - diluted is expected to be in the range of $1.23 to $1.33 as compared to previous guidance of $1.09 to $1.23. Duyuru • Jul 09
OPENLANE, Inc. to Report Q2, 2026 Results on Aug 04, 2026 OPENLANE, Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 04, 2026 Duyuru • Jun 09
OPENLANE, Inc. Elects Kelly Tuminelli to Board of Directors OPENLANE, Inc. at its annual meeting of stockholders held on June 5, 2026, approved to elect Kelly Tuminelli to Board of Directors. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Randy Altschuler was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 07
OPENLANE, Inc. Raises Earnings Guidance for 2026 OPENLANE, Inc. raised earnings guidance for 2026. For the period, the company expects Net income to be in the range of $147 millions to $164 million as compared to previous guidance of $130 millions to $147 millions. Net income per share - diluted is expected to be in the range of $1.09 to $1.23 as compared to previous guidance of $0.95 to $1.09. Duyuru • Apr 27
OPENLANE, Inc., Annual General Meeting, Jun 05, 2026 OPENLANE, Inc., Annual General Meeting, Jun 05, 2026. Duyuru • Apr 15
OPENLANE, Inc. to Report Q1, 2026 Results on May 05, 2026 OPENLANE, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 05, 2026 Duyuru • Feb 18
OPENLANE, Inc. Provides Earnings Guidance for the Full Year of 2026 OPENLANE, Inc. provided earnings guidance for the full year of 2026. For the period, the company expects income to be $130 million to $147 million and Net income per share - diluted to be $0.95 to $1.09. Duyuru • Jan 31
Openlane, Inc. Announces Resignation of Sanjeev Mehra from the Board of Directors, Effective on January 29, 2026 On January 29, 2026 Sanjeev Mehra notified OPENLANE, Inc. of his resignation from the Company’s Board of Directors, effective on such date. Mr. Mehra’s resignation was not related to any disagreement with the Company on any matter relating to its operations, policies or practices. Duyuru • Jan 27
OPENLANE, Inc. to Report Q4, 2025 Results on Feb 18, 2026 OPENLANE, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 18, 2026 Duyuru • Jan 21
OPENLANE Unifies AI and Data Capabilities Under OpenLANE Intelligence OPENLANE, Inc. announced OPENLANE Intelligence, a unified framework that brings together the company's human-driven, AI-enhanced data and technology capabilities across OPENLANE. OPENLANE Intelligence encompasses a growing set of advanced technologies that are already embedded in the platform and underpin many of OPENLANE's most impactful marketplace innovations. These capabilities are designed to deliver intelligent insights, increase transparency and improve decision-making throughout the lifecycle for wholesale used vehicles. Marketplace features that are powered or enhanced by OPENLANE Intelligence are indicated by the OPENLANE Intelligence star mark. Current applications can be found in the company's vehicle condition reports, which leverage AI-powered exterior damage detection, OBD2 scan data translated into a digestible, color-coded format and engine audio enhanced with AI-assisted anomaly detection. Collectively, these capabilities help surface potential issues, provide benchmark comparisons to healthy engines and support greater confidence for both buyers and sellers. As OPENLANE continues to invest in AI-enhanced technology and innovation, OPENLANE Intelligence will serve as the foundational layer supporting both existing solutions and future platform development. Building on that foundation, the company plans to expand the capabilities aligned under OPENLANE Intelligence, with near-term additions expected to focus on persistent dealer challenges such as inventory management, operational efficiency and pricing confidence. Duyuru • Nov 05
OPENLANE, Inc. Revises Earnings Guidance for the Year 2025 OPENLANE, Inc. revised earnings guidance for the year 2025. For the year, the company expects income from continuing operations to be between $139 million to $144 million against previous guidance of between $132 million to $140 million. Diluted loss from continuing operations per share to be between $1.32 to $1.28 against previous guidance of diluted income from continuing operations per share to be between $0.61 to $0.66. Duyuru • Oct 16
OPENLANE, Inc. to Report Q3, 2025 Results on Nov 05, 2025 OPENLANE, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025 Duyuru • Sep 03
OPENLANE, Inc. Launches Audio Boost AI for Faster, Easier Vehicle Evaluations OPENLANE, Inc. announced the launch of Audio Boost AI, a new feature on OPENLANE's US marketplace designed to give dealers deeper confidence and speed when evaluating vehicles. Embedded directly within the vehicle condition report for every dealer-consigned vehicle, Audio Boost AI pairs high-quality engine audio recordings with AI-generated highlights flagging potential issues and sample recordings of a comparable "normal" engine for quick benchmarking. The tool augments the experience and expertise of OPENLANE's seasoned inspectors with an AI model trained on OPENLANE's proprietary database spanning more than 1.2 million engine recordings. If an inspector flags a potential issue, Audio Boost AI compares the recording against its ever-growing database and visually highlights anomalies within the recording, making it fast and easy for dealers to hone in where it matters most when making bidding and buying decisions. To further enhance consistency and trust, colored alert banners indicating whether a potential issue has been detected (green if no issues, yellow if issue reported) are affixed at the top of the Engine Analysis section of the condition report. Sample recordings are also provided for over 95% of vehicles for which an upper or lower engine issue is detected, enabling dealers to quickly and efficiently compare the listed vehicle's engine audio to benchmark engines. Audio Boost AI is the newest innovation reinforcing OPENLANE's commitment to leveraging the latest, most cutting-edge technologies to help make wholesale easier and improve outcomes for both buyers and sellers. It builds on the success of Visual Boost AI and Code Boost IQ, both launched in 2024, to create one of the most powerful vehicle condition reports in the industry -- packaging smart insights in a crisp, easy-to-understand format dealers can quickly navigate and digest. Duyuru • Aug 06
OPENLANE, Inc. Raises Earnings Guidance for the Full Year 2025 OPENLANE, Inc. raised earnings guidance for the full year 2025. For the year, the company expected income from continuing operations to be in the range of $132 million to $140 million as compared to previous guidance of $100 million to $114 million and income from continuing operations per share - diluted to be in the range of $0.61 to $0.66 as compared to previous guidance of $0.38 to $0.48. Duyuru • Jul 17
OPENLANE, Inc. to Report Q2, 2025 Results on Aug 06, 2025 OPENLANE, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Duyuru • Apr 28
OPENLANE, Inc., Annual General Meeting, Jun 06, 2025 OPENLANE, Inc., Annual General Meeting, Jun 06, 2025. Duyuru • Apr 17
OPENLANE, Inc. to Report Q1, 2025 Results on May 07, 2025 OPENLANE, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Duyuru • Feb 20
OPENLANE, Inc. Provides Earnings Guidance for the Full Year of 2025 OPENLANE, Inc. provided earnings guidance for the full year of 2025. For the period, the company expects income from continuing operations to be $100 million to $114 million and income from continuing operations per share - diluted to be $0.38 - $0.48. Duyuru • Jan 30
OPENLANE, Inc. to Report Q4, 2024 Results on Feb 19, 2025 OPENLANE, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 19, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.011 in 3Q 2023) Third quarter 2024 results: EPS: US$0.12 (up from US$0.011 in 3Q 2023). Revenue: US$448.4m (up 7.7% from 3Q 2023). Net income: US$28.4m (up US$27.2m from 3Q 2023). Profit margin: 6.3% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Nov 07
Openlane, Inc. Updates Earnings Guidance for the Year 2024 OPENLANE, Inc. updated earnings guidance for the year 2024. For the year, the company expects Income from continuing operations of $73 million - $81 million. Income from continuing operations per share - diluted of $0.21 - $0.27. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Director Randy Altschuler was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 17
OPENLANE, Inc. to Report Q3, 2024 Results on Nov 06, 2024 OPENLANE, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Duyuru • Aug 16
Openlane, Inc. Announces the Launch of Code Boost IQ, Vehicle Inspection Enhancement That Enables Faster, Better Informed Decision-Making for Dealers OPENLANE, Inc. announced the launch of Code Boost IQ, a first-of-its-kind vehicle inspection enhancement that enables faster, better informed decision-making for dealers. Industry-standard "On-Board Diagnostics II" (OBD2) scans detect thousands of alphanumeric diagnostic codes that indicate potential mechanical or electrical issues. Code Boost IQ leverages artificial intelligence, the company's analytics engine and millions of internal data points to translate flagged OBD2 codes into simple, easy-to-understand visual alert banners. Available on every dealer-consigned vehicle in OPENLANE's US marketplace, Code Boost IQ helps dealers quickly discern which codes are cause for concern and adjust their pricing or purchasing approach accordingly. Code Boost IQ works by aggregating millions of OBD2 scans captured through OPENLANE's data-rich service network, and following those codes through pre- and post-transaction. Wielding AI and the company's market-leading technology, Code Boost IQ can then accurately predict which codes indicate the highest probability of issues or repairs, or which may lead to an arbitration. That intelligence is then simplified into color-coded, plain language alert banners that are prominently displayed at the top of each dealer-consigned vehicle condition report to indicate no trouble codes, confirmed trouble codes or high probability of repair needed. Alongside Visual Boost AI™, Code Boost IQ reflects OPENLANE's commitment to solving a persistent industry pain point for customers by delivering the industry's most robust and transparent inspections and condition reports in a format that is quick to navigate and easy to understand. It is the latest marketplace enhancement fueled by OPENLANE's innovation pipeline, which deploys leading-edge technology and AI to simplify the customer experience while delivering superior results and success. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.01 (vs US$1.87 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.01 (up from US$1.87 loss in 2Q 2023). Revenue: US$431.8m (up 3.6% from 2Q 2023). Net income: US$10.7m (up US$215.6m from 2Q 2023). Profit margin: 2.5% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Jul 19
OPENLANE, Inc. to Report Q2, 2024 Results on Aug 07, 2024 OPENLANE, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Duyuru • Jun 21
OPENLANE, Inc Appoints Randy Altschuler to its Board of Directors OPENLANE, Inc. announced the appointment of Randy Altschuler to its board of directors. A seasoned entrepreneur and executive, Altschuler brings more than 20 years of experience leveraging technology, digital marketplaces and artificial intelligence (AI) to transform the manufacturing landscape. Altschuler has co-founded and led multiple companies, including OfficeTiger (acquired by RR Donnelley), CloudBlue (acquired by Ingram Micro) and, most recently, Xometry, the global AI-powered digital marketplace for manufacturing where he currently serves as CEO. He has a proven track record shepherding companies from start-up and scaling to growth, building industry-disrupting technology solutions while generating meaningful value for shareholders. Duyuru • Jun 06
OPENLANE, Inc. Empowers US Dealers with Faster Vehicle Wholesaling OPENLANE, Inc. announced Absolute Sale, a new sale format that enables sellers to signal they are committed to selling a vehicle to the offer that day. The exclusive feature increases buyer confidence and visibility, boosting engagement and optimizing seller returns. Absolute Sale is available on all dealer-consigned vehicles in OPENLANE's US marketplace, and can be activated by the seller during the sale day at any time after. Vehicles launched in Absolute Sale mode indicate the seller will sell to the offer received that day, and are featured prominently in a dedicated carousel with a special badge and timer that increase buyer visibility and engagement. Buyers can also filter for Absolute Sale vehicles, enabling them to more confidently focus their sourcing and negotiating on vehicles that sellers have committed to selling that same day. Duyuru • May 03
Openlane, Inc. Provides Earnings Guidance for the Year 2024 OPENLANE, Inc. provided earnings guidance for the year 2024. For the year, company expects Income from continuing operations is expected to be in the range of $74 million to $88 million. Income from continuing operations per share - diluted $0.20 to $0.30. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.05 (vs US$0.011 in 1Q 2023) First quarter 2024 results: EPS: US$0.05 (up from US$0.011 in 1Q 2023). Revenue: US$416.3m (down 1.0% from 1Q 2023). Net income: US$18.5m (up US$17.3m from 1Q 2023). Profit margin: 4.4% (up from 0.3% in 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Sanjeev Mehra was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 28
OPENLANE, Inc., Annual General Meeting, Jun 07, 2024 OPENLANE, Inc., Annual General Meeting, Jun 07, 2024, at 09:00 Eastern Daylight. Agenda: To elect each of the other seven director nominees to the Board of Directors; to approve, on an advisory basis, executive compensation; to approve an amendment and restatement of the KAR Auction Services, Inc. Amended and Restated 2009 Omnibus Stock and Incentive Plan; to ratify the appointment of KPMG LLP as independent registered public accounting firm for 2024; and to consider other matters. Duyuru • Apr 17
OPENLANE, Inc. to Report Q1, 2024 Results on May 01, 2024 OPENLANE, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Recent Insider Transactions • Feb 29
CEO & Director recently bought €468k worth of stock On the 27th of February, Peter Kelly bought around 34k shares on-market at roughly €13.77 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Feb 21
Full year 2023 earnings released: US$1.83 loss per share (vs US$0.10 loss in FY 2022) Full year 2023 results: US$1.83 loss per share (further deteriorated from US$0.10 loss in FY 2022). Revenue: US$1.65b (up 8.3% from FY 2022). Net loss: US$154.8m (loss widened US$143.2m from FY 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • Feb 21
Openlane, Inc. Provides Earnings Guidance for the Year 2024 OPENLANE, Inc. provided earnings guidance for the year 2024. For the year, Income from continuing operations is expected to be in the range of $74 million - $88 million. Income from continuing operations per share - diluted $0.20 - $0.30. Duyuru • Feb 08
OPENLANE, Inc. to Report Q4, 2023 Results on Feb 20, 2024 OPENLANE, Inc. announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Duyuru • Dec 14
OPENLANE, Inc. Announces Retirement of Jim Money, AFC President, Effective April 1, 2024 OPENLANE, Inc. announced the upcoming retirement of AFC President Jim Money effective April 1, 2024. Money assumed his current role in 2016 and leaves a legacy of nearly 25 years of purpose-driven leadership, growth and innovation at AFC. The company has initiated a national search for Money's successor. Money's time with AFC is the capstone on a career spanning over 36 years. He began his tenure with AFC in 1999, when he joined the company as controller. Over the next 17 years, Money progressed through various roles of increasing responsibility, culminating with his promotion to president in 2016. Under his leadership, AFC became known for its differentiated service model anchored in relationships. He also established a best-in-class risk management approach, and accelerated the company's digital transformation. Prior to joining AFC, he held financial leadership roles at companies in the investment, transportation and other industries. Duyuru • Nov 21
OPENLANE, Inc. Launches US Marketplace Combining BacklotCars and Exclusive Off-Lease Inventory OPENLANE, Inc. announced the launch of the all-new OPENLANE US digital marketplace. The consolidated platform brings together off-lease inventory from the majority of US commercial sellers with dealer-to-dealer inventory from thousands of franchise and independent dealers previously available on BacklotCars. The launch of OPENLANE in the US follows the company's successful consolidation of its Canadian platforms in June and features the best technology, data and product offerings from across the entire company. Available on both mobile app and desktop, the OPENLANE US digital marketplace offers multiple, flexible sale formats to align with the buying habits, schedules and preferences of its customers. Buyers and sellers can choose the auction and sale format that best suits their needs--including a 24/7 bid-ask marketplace, "Buy It Now" listings and timed auctions scheduled regularly throughout each week. OPENLANE provides buyers and sellers with peace of mind with comprehensive inspections and a selection of arbitration protection and buy-back-guarantee offerings. Buyers can also quickly and easily arrange additional services such as floorplan financing and transportation during the checkout process. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.01 (vs US$0.092 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.01 (up from US$0.092 loss in 3Q 2022). Revenue: US$416.3m (up 5.9% from 3Q 2022). Net income: US$12.7m (up US$23.3m from 3Q 2022). Profit margin: 3.1% (up from net loss in 3Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Duyuru • Nov 02
OPENLANE, Inc. Provides Earnings Guidance for 2023 OPENLANE, Inc. provided earnings guidance for 2023. For the period, the company expects loss from continuing operations to be in the range of $172 million to $158 million. Diluted Loss from continuing operations to be in the range of $1.98 to $1.85 per share. Duyuru • Oct 19
OPENLANE, Inc. to Report Q3, 2023 Results on Nov 01, 2023 OPENLANE, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Reported Earnings • Aug 03
Second quarter 2023 earnings released: US$1.87 loss per share (vs US$0.06 loss in 2Q 2022) Second quarter 2023 results: US$1.87 loss per share (further deteriorated from US$0.06 loss in 2Q 2022). Revenue: US$416.9m (up 8.5% from 2Q 2022). Net loss: US$193.8m (loss widened US$183.9m from 2Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Aug 03
OPENLANE, Inc. Provides Earnings Guidance for the Year 2023 OPENLANE, Inc. provided earnings guidance for the year 2023. For the period, Company expects loss from continuing operations of $166 million to $153 million. Loss from continuing operations per share - diluted of $1.92 to $1.80. Duyuru • Jul 23
OPENLANE, Inc. to Report Q2, 2023 Results on Aug 02, 2023 OPENLANE, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Duyuru • Jun 22
OPENLANE, Inc. acquired ADESA Canada/TradeRev. OPENLANE, Inc. acquired ADESA Canada/TradeRev on June 20, 2023. The merger of ADESA Canada and TradeRev into the all-new consolidated OPENLANE Canada marketplace. As part of the transaction coast-to-coast network of vehicle logistics centres which offer inspections, reconditioning, mechanical services, storage and more will also rebrand to OPENLANE Canada. Existing ADESA Canada and TradeRev users will be migrated to the new OPENLANE Canada marketplace in phases starting immediately, with migration of all users expected to complete by early fourth quater of 2023.OPENLANE, Inc. completed the acquisition of ADESA Canada/TradeRev on June 20, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.01 (vs US$0.16 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.01 (up from US$0.16 loss in 1Q 2022). Revenue: US$420.6m (up 14% from 1Q 2022). Net income: US$12.7m (up US$31.8m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$0.15 (vs US$0.16 in FY 2021) Full year 2022 results: EPS: US$0.15. Revenue: US$1.52b (down 33% from FY 2021). Net income: US$28.6m (up 44% from FY 2021). Profit margin: 1.9% (up from 0.9% in FY 2021). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Duyuru • Feb 09
KAR Auction Services, Inc. to Report Q4, 2022 Results on Feb 21, 2023 KAR Auction Services, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 21, 2023 Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.013 (vs US$0.096 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.013 (up from US$0.096 loss in 3Q 2021). Revenue: US$393.0m (down 27% from 3Q 2021). Net income: US$500.0k (up US$11.9m from 3Q 2021). Profit margin: 0.1% (up from net loss in 3Q 2021). Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$0.044 loss per share (vs US$0.003 profit in 2Q 2021) Second quarter 2022 results: US$0.044 loss per share (down from US$0.003 profit in 2Q 2021). Revenue: US$384.2m (down 34% from 2Q 2021). Net loss: US$5.40m (down 274% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 28% compared to a 6.7% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 14
Executive Chairman of the Board recently bought €1.2m worth of stock On the 11th of May, James Hallett bought around 100k shares on-market at roughly €12.47 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Duyuru • May 12
John Hammer, Chief Commercial Officer Departs from KAR Auction Services, Inc On May 9, 2022, KAR Auction Services, Inc. completed the previously announced sale of its U.S. physical auction business. The Sale was consummated pursuant to the previously disclosed Securities and Asset Purchase Agreement with Carvana Group, LLC, a Delaware limited liability company (“Buyer”), and Carvana Co. Upon the completion of the Sale, John Hammer, Chief Commercial Officer for the Company and President of ADESA, Inc., departed the Company and commenced employment with Buyer. Buying Opportunity • May 07
Now 24% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €17.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 04
First quarter 2022 earnings released: US$2.52 loss per share (vs US$0.25 profit in 1Q 2021) First quarter 2022 results: US$2.52 loss per share (down from US$0.25 profit in 1Q 2021). Revenue: US$369.4m (down 37% from 1Q 2021). Net loss: US$8.40m (down 126% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 6.3%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Sanjeev Mehra was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 23
KAR Auction Services, Inc., Annual General Meeting, Jun 02, 2022 KAR Auction Services, Inc., Annual General Meeting, Jun 02, 2022, at 09:00 Eastern Daylight. Agenda: To elect the director nominee designated by Ignition Parent LP to the Board of Directors; The holders of shares of common stock and shares of Series A Preferred Stock, voting together as a single class, are being asked to consider and vote on the following items. Duyuru • Apr 20
KAR Auction Services, Inc. to Report Q1, 2022 Results on May 03, 2022 KAR Auction Services, Inc. announced that they will report Q1, 2022 results After-Market on May 03, 2022 Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.56 (up from US$0.16 loss in FY 2020). Revenue: US$2.25b (up 2.9% from FY 2020). Net income: US$66.5m (up US$87.6m from FY 2020). Profit margin: 3.0% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 7.1%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Duyuru • Feb 12
KAR Auction Services, Inc. to Report Q4, 2021 Results on Feb 16, 2022 KAR Auction Services, Inc. announced that they will report Q4, 2021 results After-Market on Feb 16, 2022 Reported Earnings • Nov 03
Third quarter 2021 earnings released: US$0.10 loss per share (vs US$0.23 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$535.2m (down 9.8% from 3Q 2020). Net loss: US$1.00m (down 103% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 17% share price gain to US$15.80, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 19x in the Commercial Services industry in Europe. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.31 per share. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS US$0.01 (vs US$0.23 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$585.4m (up 40% from 2Q 2020). Net income: US$11.5m (up US$38.5m from 2Q 2020). Profit margin: 2.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 09
Independent Director Stephen Smith has left the company On the 4th of June, Stephen Smith's tenure as Independent Director ended after 7.5 years in the role. We don't have any record of a personal shareholding under Stephen's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.50 years. Executive Departure • Jun 09
Independent Director David DiDomenico has left the company On the 4th of June, David DiDomenico's tenure as Independent Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under David's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.50 years. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.25 (vs US$0.022 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$581.6m (down 9.9% from 1Q 2020). Net income: US$32.6m (up US$29.8m from 1Q 2020). Profit margin: 5.6% (up from 0.4% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Duyuru • May 05
KAR Auction Services, Inc. Provides Earnings Guidance for the Year 2021 KAR Auction Services, Inc. provided earnings guidance for the year 2021. The company's previously stated guidance remains unchanged. Duyuru • Mar 17
Kar Auction Services, Inc. Announces Strategic Investment in Ai-Powered Vehicle Inspections Technology KAR Auction Services, Inc. d/b/a KAR Global announced a strategic investment and North American commercial partnership with Ravin AI. Ravin is an international provider of automated, mobile and CCTV-based artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance and remarketing customers around the world. The partnership enhances KAR's data-driven digital capabilities and will enable the seamless flow of inspection information, data and images throughout the entire remarketing lifecycle for the company's customers. Analyst Estimate Surprise Post Earnings • Feb 19
Revenue misses expectations Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 8.9%, compared to a 10% growth forecast for the Commercial Services industry in Germany. Is New 90 Day High Low • Feb 10
New 90-day high: €16.40 The company is up 9.0% from its price of €15.10 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.68 per share. Duyuru • Feb 09
Kar Auction Services, Inc. Announces Executive Changes On February 3, 2021, Scott A. Anderson was appointed as principal accounting officer of KAR Auction Services, Inc., effective March 1, 2021. Mr. Anderson will assume responsibility as principal accounting officer from Eric M. Loughmiller, Executive Vice President and Chief Financial Officer, and he will continue to report to Mr. Loughmiller. Mr. Anderson has served as Vice President and Controller of the Company since 2007, and previously served as Controller of ADESA, Inc. from 2001 to 2007. Duyuru • Feb 04
KAR Auction Services, Inc. to Report Q4, 2020 Results on Feb 16, 2021 KAR Auction Services, Inc. announced that they will report Q4, 2020 results After-Market on Feb 16, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: €16.00 The company is up 14% from its price of €14.00 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €35.58 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €15.60 The company is up 12% from its price of €13.90 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.08 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €15.50 The company is up 3.0% from its price of €15.10 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.34 per share. Recent Insider Transactions • Nov 13
Independent Director recently bought €76k worth of stock On the 11th of November, Mary Smith bought around 5k shares on-market at roughly €15.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.1m more in shares than they have sold in the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue misses expectations Revenue missed analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 11%, compared to a 1.9% growth forecast for the Commercial Services industry in Germany. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$0.23 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$593.6m (down 15% from 3Q 2019). Net income: US$47.1m (up 37% from 3Q 2019). Profit margin: 7.9% (up from 4.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: €11.50 The company is down 7.0% from its price of €12.30 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.66 per share. Duyuru • Jul 23
KAR Auction Services, Inc. to Report Q2, 2020 Results on Aug 05, 2020 KAR Auction Services, Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Aug 05, 2020 Duyuru • Jul 03
KAR Auction Services, Inc.(NYSE:KAR) dropped from Russell 1000 Defensive Index KAR Auction Services, Inc.(NYSE:KAR) dropped from Russell 1000 Defensive Index Duyuru • Jul 02
KAR Auction Services, Inc.(NYSE:KAR) dropped from Russell 1000 Index KAR Auction Services, Inc.(NYSE:KAR) dropped from Russell 1000 Index