KAR Auction Services Inc (KAR)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -145,800 | -112,700 | -137,200 | 276,200 | 251,200 | 179,200 | 187,600 | 1,200 | 81,600 | 78,100 | 126,800 | 76,000 | 5,400 | 55,000 | 45,500 | 146,700 | 226,200 | 266,200 | 303,900 | 348,700 |
| Revenue (ttm) | US$ in thousands | 1,645,100 | 1,626,600 | 1,603,300 | 1,570,600 | 1,519,400 | 1,504,300 | 1,458,400 | 1,450,200 | 1,450,600 | 1,622,500 | 1,869,000 | 1,912,000 | 2,187,700 | 2,329,400 | 2,437,700 | 2,737,800 | 2,781,900 | 2,704,400 | 2,614,900 | 2,519,200 |
| Pretax margin | -8.86% | -6.93% | -8.56% | 17.59% | 16.53% | 11.91% | 12.86% | 0.08% | 5.63% | 4.81% | 6.78% | 3.97% | 0.25% | 2.36% | 1.87% | 5.36% | 8.13% | 9.84% | 11.62% | 13.84% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-145,800K ÷ $1,645,100K
= -8.86%
To analyze Openlane Inc.'s pretax margin, we observe a fluctuating trend over the past eight quarters. The pretax margin has been inconsistent, ranging from negative figures such as -8.91%, -6.63%, and -7.87% to positive values like 4.57% and 2.54%. The trend suggests variability in the company's ability to generate profits before accounting for taxes and expenses. However, the most recent quarter (Q4 2023) indicates a significant decline, potentially signaling challenges in managing costs and improving profitability. To better understand Openlane Inc.'s financial performance, it would be valuable to assess the factors contributing to these fluctuations and evaluate the company's overall financial health.
Peer comparison
Dec 31, 2023