OPENLANE Sees FY24 Adj. EPS $0.77-$0.87 Vs $0.83 Est.
Portfolio Pulse from Benzinga Newsdesk
OPENLANE projects its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $0.77 to $0.87, compared to the estimated $0.83.

May 01, 2024 | 8:51 pm
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NEUTRAL IMPACT
KAR, mentioned in relation to OPENLANE, may see investor sentiment impacted by OPENLANE's FY24 adjusted EPS forecast range of $0.77-$0.87 versus the $0.83 estimate.
Since OPENLANE's projected EPS range encompasses the current estimate, the impact on KAR's stock might be neutral in the short term. The forecast indicates a potential for both slight underperformance and overperformance relative to expectations, which could lead to mixed investor reactions. The relevance is high as KAR is directly mentioned, suggesting a close business relationship or impact. However, without specific details on how OPENLANE's performance directly affects KAR, the importance is moderate.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 75