OPENLANE Sees 2023 Adj. EPS $0.60-$0.70 vs $0.48 Est.
Portfolio Pulse from Benzinga Newsdesk
OPENLANE, a subsidiary of KAR Auction Services, has projected its adjusted EPS for 2023 to be between $0.60 and $0.70, which is higher than the estimated $0.48.
August 04, 2023 | 12:15 pm
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POSITIVE IMPACT
KAR Auction Services, parent company of OPENLANE, may see a positive impact on its stock price due to OPENLANE's higher than expected 2023 EPS forecast.
OPENLANE's higher than expected EPS forecast for 2023 indicates strong financial performance, which could positively impact the stock price of its parent company, KAR Auction Services.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100