Openlane Q2 2024 Adj. EPS $0.19 Misses $0.21 Estimate, Sales $431.800M Beat $429.608M Estimate
Portfolio Pulse from Benzinga Newsdesk
Openlane (NYSE:KAR) reported Q2 2024 adjusted EPS of $0.19, missing the analyst estimate of $0.21 by 9.52%. However, the company reported sales of $431.8 million, beating the estimate of $429.608 million by 0.51% and marking a 3.57% increase from the same period last year.
August 07, 2024 | 9:06 pm
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NEUTRAL IMPACT
Openlane's Q2 2024 earnings per share missed estimates, but sales exceeded expectations and increased year-over-year.
The mixed results, with EPS missing but sales beating estimates and showing year-over-year growth, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
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