KAR Auction Services: Q1 Earnings Insights - Openlane (NYSE:KAR)

KAR Auction Services KAR reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

KAR Auction Services missed estimated earnings by 116.67%, reporting an EPS of $-0.02 versus an estimate of $0.12.

Revenue was down $212.20 million from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 14.32% increase in the share price the next day.

Here's a look at KAR Auction Services's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.02	0.10	0.19	0.12
EPS Actual	0.11	0.08	0.15	0.45
Revenue Estimate	511.67M	521.67M	588.80M	558.73M
Revenue Actual	549.40M	535.20M	585.40M	581.60M

To track all earnings releases for KAR Auction Services visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.