Openlane Q3 Adj EPS $0.18 Beats $0.15 Estimate, Sales $416.30M Beat $409.14M Estimate
Portfolio Pulse from bharat@benzinga.com
Openlane (NYSE:KAR) reported Q3 earnings of $0.18 per share, beating the analyst consensus estimate of $0.15 by 20%. This is a 100% increase from the same period last year. The company also reported quarterly sales of $416.30 million, beating the analyst consensus estimate of $409.14 million by 1.75%, a 5.93% increase from the same period last year.
November 01, 2023 | 9:28 pm
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POSITIVE IMPACT
Openlane's Q3 earnings and sales beat estimates, which could lead to a positive impact on its stock price.
Openlane's earnings and sales for Q3 have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The significant increase in earnings and sales from the same period last year further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100