NYSE$OPLN

OPENLANE Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue and net income compared to the same period last year, impacted by the COVID-19 pandemic.

KAR Auction Services, Inc. reported a decrease in revenue and net income for the fourth quarter of 2020, as compared to the fourth quarter of 2019. The company's operating results were significantly impacted by the COVID-19 pandemic.

  • Reported revenue of $529.6 million, compared to $671.3 million in Q4 2019.
  • Net loss from continuing operations was $17.1 million, or $0.21 per diluted share, compared to net income of $15.3 million, or $0.12 per diluted share in Q4 2019.
  • Adjusted EBITDA decreased to $67.5 million, compared to $122.0 million in Q4 2019.
  • Operating adjusted net loss from continuing operations per diluted share was $0.01, compared to operating adjusted net income of $0.19 in Q4 2019.

Headline financials

Total Revenue

$530M

Previous: $671M-21.1%
EPS (adj)

-$0.01

Previous: $0.19-105.3%
Adjusted EBITDA

$67.5M

Previous: $122M-44.7%
Net Income

-$17.1M

Previous: $15.3M-211.8%
Operating Income

$13.9M

Previous: $61.6M-77.4%
Gross Profit

$204M

Previous: $276M-26.1%
Cash & Equivalents

$752M

Previous: $508M+48.2%
Total Assets

$6.8B

Previous: $6.58B+3.3%
Stock-Based Comp

$2.9M

Previous: $5M-42.0%

Revenue & EPS history

OPENLANE · Revenue · Quarterly

$530M

Q4 2020-21.1%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

OPENLANE · $158M total across 2 segments · Q2 2023

  • Finance revenue
    $97.5M+6.1%
  • Purchased vehicle sales
    $60.4M+31.9%

Forward guidance

The company expects net income from continuing operations of at least $90 million and Adjusted EBITDA of at least $475 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+3.7%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+19.1%

Q3 2024

Best reaction

-17.0%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.7%+18.6%+14.3%
Q4 2025-2.1%-9.1%-7.9%
Q3 2025-4.0%-3.9%+0.3%
Q1 2025+13.2%+16.5%+23.3%
Q4 2024+4.2%+6.7%+2.6%
Q3 2024+19.1%+21.9%+22.9%
Q2 2024-2.5%-1.8%-2.9%
Q1 2024+2.3%+6.8%+0.4%
Q4 2023+3.0%+5.6%+18.9%
Q3 2023+5.3%+7.8%+10.7%
Q2 2023-6.4%-2.8%-0.3%
Q1 2023+5.8%+8.3%+9.6%
Q4 2022+5.6%-2.8%-14.7%
Q3 2022-7.7%-6.2%-3.9%
Q2 2022-6.2%-4.5%-14.4%
Q1 2022+4.1%-8.5%+14.8%
Q4 2021+10.6%+9.3%+45.5%
Q3 2021-2.0%-1.7%+5.1%
Q2 2021+9.5%+12.7%+6.6%
Q1 2021+13.0%+14.0%+23.4%
Q4 2020-17.0%-23.0%-19.8%
Q3 2020+6.0%+6.6%+17.7%
Q2 2020+9.8%+15.6%+17.0%
Q1 2020-5.1%-15.4%+20.0%
Q4 2019+3.5%-1.0%-43.0%
Q3 2019-14.5%-12.6%-14.7%
Q2 2019-5.5%-4.4%+3.0%
Q1 2019-3.4%-1.6%+6.2%
Q4 2018-14.3%-13.7%-8.8%
Q3 2018-4.3%-3.3%-7.3%
Q2 2018+2.1%+3.9%+7.6%
Q1 2018-0.2%+1.2%+3.0%
Q4 2017-2.3%-1.2%+2.6%
Q3 2017+1.0%+3.4%+7.4%
Q2 2017+5.5%+3.8%+8.2%
Q1 2017-1.6%-2.1%+0.5%
Q4 2016-3.6%-4.2%-6.2%
Q3 2016-7.7%-8.1%-1.2%
Q2 2016-4.2%-4.9%-1.5%
Q1 2016+7.9%
Q4 2015+0.3%
Q3 2015-2.1%
Q2 2015-0.7%
Q1 2015-2.8%
Q4 2014+3.6%
Q3 2014+7.8%
Q2 2014+2.3%
Q1 2014+0.3%
Q4 2013+2.1%
Q3 2013-2.5%
Q2 2013-3.6%
Q1 2013-0.4%
Q4 2012-3.7%
Q3 2012-3.4%
Q2 2012+5.5%
Q1 2011-5.5%
Q1 2012-3.4%
Q4 2009+1.8%
Q4 2011+1.8%
Q3 2011-4.8%
Q3 2010-4.8%
Q2 2011-12.7%
Q4 2010-12.7%
Q2 2010-1.4%
Q1 2010+1.6%

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