OPENLANE Inc. (NYSE: KAR), a leading player in the automotive auction and remarketing industry, witnessed a significant surge of 5.23% in its stock price during the pre-market trading session on Thursday. This rally was fueled by the company's impressive fourth-quarter 2024 financial results and an optimistic outlook for the year 2025.
The catalyst behind this upward movement was OPENLANE's robust financial performance in Q4 2024. The company reported a 12% year-over-year increase in consolidated revenue to $455 million, driven by solid growth in its Marketplace segment, where revenue rose 8% to $349 million. Additionally, adjusted EBITDA soared 18% to $73 million for the quarter, showcasing the company's operational efficiency and margin expansion.
OPENLANE's management team expressed confidence in the company's growth prospects, forecasting adjusted EBITDA in the range of $290 million to $310 million for 2025, along with an operating adjusted EPS between $0.90 and $1.00. This positive guidance, coupled with the successful integration of new digital assets, divestment of physical assets, and a strengthened balance sheet, has bolstered investor sentiment and contributed to the stock's impressive performance.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。