KAR (Openlane) Retained Earnings : $690 Mil (As of Dec. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Openlane Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Openlane's retained earnings for the quarter that ended in Dec. 2024 was $690 Mil.

Openlane's quarterly retained earnings increased from Jun. 2024 ($631 Mil) to Sep. 2024 ($649 Mil) and increased from Sep. 2024 ($649 Mil) to Dec. 2024 ($690 Mil).

Openlane's annual retained earnings declined from Dec. 2022 ($823 Mil) to Dec. 2023 ($624 Mil) but then increased from Dec. 2023 ($624 Mil) to Dec. 2024 ($690 Mil).

Openlane Retained Earnings Historical Data

The historical data trend for Openlane's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Openlane Retained Earnings Chart

Openlane Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

Get a 7-Day Free Trial

600.70

625.70

822.90

624.40

689.80

Openlane Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															624.40	631.80	631.30	648.60	689.80

Openlane Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Openlane (NYSE:KAR) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Openlane Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Openlane Inc (NYSE:KAR) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

11299 North Illinois Street, Suite 500, Carmel, IN, USA, 46032

Website

https://corporate.openlane.com

Openlane Inc provides a digital marketplace for used vehicles, connecting sellers and buyers in North America and Europe for fast and transparent transactions. Its services include financing, repossessions, repairs, transportation, warranty, and inventory management. The company operates used-vehicle auctions and has two main segments: Marketplace and Finance, with majority revenue coming from the Marketplace segment, which to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain. The Finance segment, through AFC engaged in business of providing short-term, inventory-secured financing to independent vehicle dealers.

Executives

Brad S. Lakhia	officer: EVP & CFO	19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
James P Coyle	officer: EVP, Chief Digital Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Money James E. Ii	officer: AFC President	13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
Kelly Peter	officer: Pres. & CEO, OPENLANE	C/O KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Michael T. Kestner	director	13085 HAMILTON CROSSING BLVD., CARMEL IN 46032
J Mark Howell	director	C/O ANGIE'S LIST, INC., 1030 EAST WASHINGTON STREET, INDIANAPOLIS IN 46202
James P Hallett	officer: CEO
Srisu Subrahmanyam	officer: Pres KAR Svcs Group, EVP Ops	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Justin T. Davis	officer: President of BacklotCars	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Scott A Anderson	officer: Chief Accounting Officer	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Mary Ellen Smith	director	11299 NORTH ILLINOIS STREET, CARMEL IN 46032
Ignition Acquisition Holdings Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Acquisition Holdings Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10017
Ignition Gp Llc	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022
Ignition Parent Lp	10 percent owner	C/O APAX PARTNERS L.P., 601 LEXINGTON AVENUE, NEW YORK NY 10022