Openlane Q1 Adj. EPS $0.31 Beats $0.21 Estimate, Total operating revenues $460.10M Beat $446.01M Estimate

Openlane (NYSE:KAR) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.21 by 47.62 percent. This is a 63.16 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $460.10 million which beat the analyst consensus estimate of $446.01 million by 3.16 percent. This is a 7.02 percent increase over sales of $429.90 million the same period last year.