Openlane Q1 2024 Adj EPS $0.19 Misses $0.21 Estimate, Sales $416.300M Miss $424.565M Estimate
Portfolio Pulse from Benzinga Newsdesk
Openlane (NYSE:KAR) reported Q1 2024 earnings of $0.19 per share, missing the $0.21 estimate, and sales of $416.3M, below the $424.565M estimate. This represents a 58.33% increase in earnings per share over the previous year, despite a 1.02% decrease in sales.
May 01, 2024 | 8:42 pm
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Openlane reported Q1 2024 earnings of $0.19 per share, missing estimates, with sales of $416.3M also below expectations.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The reported increase in EPS year-over-year might provide some buffer, but the miss on both fronts is likely to dominate investor reactions.
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