CARMEL, Ind. (AP) -- CARMEL, Ind. (AP) -- OPENLANE, Inc. (KAR) on Wednesday reported fourth-quarter profit of $52.3 million.
On a per-share basis, the Carmel, Indiana-based company said it had net income of 29 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share.
The used and salvaged vehicle auctioneer posted revenue of $455 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $417 million.
OPENLANE expects full-year earnings in the range of 90 cents to $1 per share.
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