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OPENLANE, Inc. (KAR)

For the quarter ending 2025-06-30, KAR made $481,700K in revenue. $33,400K in net income. Net profit margin of 6.93%.

Overview

Revenue
$481,700K
Net Income
$33,400K
Net Profit Margin
6.93%
EPS
$0.15
Unit: Thousand (K) dollars
Revenue Breakdown
    • Service revenue
    • Auction fees
    • Finance revenue
    • Purchased vehicle sales

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total operating revenues481,700 460,100 448,400 431,800
Loss on sale of property-7,000 - - -
Finance interest expense26,900 27,600 - -
Depreciation and amortization23,000 22,700 23,800 24,100
Cost of services (exclusive of depreciation and amortization)254,400 241,600 252,000 245,900
Provision for credit losses8,700 9,300 - -
Selling, general and administrative114,300 107,200 99,400 106,000
Total operating expenses- - 375,200 376,000
Operating profit47,400 51,700 73,200 55,800
Interest expense3,100 4,000 35,300 37,400
Other (income) expense, net7,400 5,000 3,600 -200
Income from continuing operations before income taxes51,700 52,700 41,500 18,200
Income taxes18,300 15,800 13,100 7,500
Income from continuing operations33,400 36,900 28,400 10,700
Income from discontinued operations, net of income taxes- - - -
Net income33,400 36,900 28,400 10,700
Net income per share - basic0.16 0.18 0.12 -
Net income per share - diluted0.15 0.18 0.12 -
Weighted average common shares outstanding107,500,000 107,200,000 108,200,000 108,600,000
Weighted average common shares outstanding and potential common shares108,600,000 108,600,000 109,000,000 108,600,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

DownloadDownload image
Auction fees$134,900K (24.10%↑ Y/Y)Finance revenue$106,200K Purchased vehicle sales$98,500K (22.82%↑ Y/Y)Service revenue$142,100K (-3.40%↓ Y/Y)Total operatingrevenues$481,700K (11.56%↑ Y/Y)Operating profit$47,400K (-15.05%↓ Y/Y)Other (income)expense, net$7,400K (3800.00%↑ Y/Y)Provision for creditlosses$8,700K Cost of services(exclusive of depreciation...$254,400K (3.46%↑ Y/Y)Depreciation andamortization$23,000K (-4.56%↓ Y/Y)Finance interestexpense$26,900K Loss on sale ofproperty-$7,000K Selling, general andadministrative$114,300K (7.83%↑ Y/Y)Income from continuingoperations before income...$51,700K (184.07%↑ Y/Y)Interest expense$3,100K (-91.71%↓ Y/Y)Income from continuingoperations$33,400K (212.15%↑ Y/Y)Income taxes$18,300K (144.00%↑ Y/Y)Net income$33,400K (212.15%↑ Y/Y)