OPENLANE, Inc. (OPLN) OPENLANE, Inc., including its various subsidiaries, functions as a leading digital platform designed for the transaction of pre-owned vehicles, connecting buyers and sellers across major markets in the United States, Canada, Continental Europe, and the United Kingdom. The company's operations are distinctly divided into two primary segments: Marketplace and Finance. The Marketplace segment offers comprehensive digital services for both acquiring and divesting used vehicles. This is augmented by an array of value-added ancillary services, such as inbound and outbound transportation logistics, vehicle reconditioning, detailed inspection and certification, titling assistance, administrative support, and collateral recovery. A key component of this segment is the OPENLANE platform, a mobile application-enabled solution that empowers dealerships to effectively source and sell their inventory. The clientele for this segment is diverse, including commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealerships, and vehicle manufacturers. Conversely, the Finance segment specializes in providing floorplan financing. This entails offering short-term, inventory-secured capital specifically to independent vehicle dealers. Established in 2006 and headquartered in Carmel, Indiana, the company underwent a name change in May 2023, transitioning from its former identity as KAR Auction Services, Inc. to OPENLANE, Inc.
Sector: Retail-Auto Dealers & Gasoline Stations
Industry: Auto - Dealerships
OPENLANE, Inc. NYSE:OPLN Consumer Cyclical · Auto - Dealerships
AH Close $37.69 +0.00% vs close
AH Close $37.69 +0.00% vs close
All Press Release SEC Filings News
Press Release
OPENLANE to Announce Third Quarter 2026 Earnings
OPENLANE will release its third quarter 2026 financial results before market open on Wednesday, November 4, 2026.
An earnings conference call and webcast will follow at 8:30 a.m. ET the same day, hosted by CEO Peter Kelly and CFO Brad Herring.
This is a scheduling announcement only; no financial results or guidance are included.
• 18d ago AI analysis › Press Release ⚠ 2
OPENLANE Announces Pricing of Secondary Offering of Common Stock, Including Concurrent Share Repurchase
Ignition Acquisition Holdings LP, advised by Apax Partners, is selling 8 million shares of OPENLANE common stock in a registered secondary offering.
OPENLANE is not issuing any new shares and will not receive any proceeds from the sale, which involves previously issued Series A Convertible Preferred Stock that converted in May 2026.
The company authorized a concurrent repurchase of 727,590 shares from the underwriter at the same price paid to Ignition, expected to close simultaneously with the offering.
• 2mo ago AI analysis › Press Release ⚠ 1
OPENLANE Announces Secondary Offering of Common Stock, Including Concurrent Share Repurchase
Ignition Acquisition Holdings LP, an affiliate of Apax Partners, launched an underwritten secondary public offering of 8,000,000 shares of OPENLANE common stock.
OPENLANE is not selling any shares in the offering and will not receive any proceeds, but intends to concurrently repurchase up to $25 million worth of shares from the underwriter at the transaction price.
BofA Securities is acting as the underwriter, with shares to be offered from time to time at prevailing market prices.
• 2mo ago AI analysis › Press Release ● Major
OPENLANE, Inc. Reports Second Quarter 2026 Financial Results
OPENLANE reported Q2 revenue of $555 million, up 15% year-over-year, driven by strong growth in auction and related fees. Net income increased 33% to $44 million, while Adjusted EBITDA grew 19% to $103 million.
Operational momentum accelerated with Gross Merchandise Value surging 41% to $10.5 billion. Commercial vehicle sales grew 39% and US dealer vehicle sales increased 31%, outperforming industry trends.
Management raised full-year 2026 Adjusted EBITDA guidance to a range of $385 million to $400 million, up from the prior outlook of $365 million to $385 million.
• 2mo ago AI analysis › Press Release
OPENLANE to Announce Second Quarter 2026 Earnings
OPENLANE, Inc. will release its second quarter 2026 financial results before the market opens on Tuesday, August 4, 2026.
The company will host an earnings conference call and webcast at 8:30 a.m. ET on the same day, hosted by CEO Peter Kelly and CFO Brad Herring.
An archive of the webcast will be available following the call on the company's investor relations website.
• 3mo ago AI analysis › Press Release
OPENLANE Announces Participation in Upcoming Investor Conference
OPENLANE announced that CEO Peter Kelly and CFO Brad Herring are scheduled to participate in the Barclays US Auto Retail Virtual Summit on June 23, 2026.
The management team will hold a fireside chat at 8:10 a.m. ET, with a webcast available on the company's investor relations website.
• 4mo ago AI analysis › Press Release
OPENLANE Appoints Kelly Tuminelli and David Hult to Board of Directors
OPENLANE appointed Kelly Tuminelli and David Hult to its Board of Directors.
Tuminelli brings over three decades of financial leadership experience from companies like TriNet Group, Genworth Financial, and General Electric.
Hult brings more than 30 years of automotive retail experience, currently serving as Executive Chairman of Asbury Automotive Group.
• 4mo ago AI analysis › Press Release ⚠ 1
OPENLANE Converts Remaining Series A Convertible Preferred Stock
OPENLANE converted its remaining Series A Convertible Preferred Stock into approximately 17 million shares of common stock.
The conversion eliminates all preferred equity from the capital structure, resulting in a post-conversion common share count of approximately 123.1 million.
This event represents a significant dilutive event for existing common shareholders, increasing the float by roughly 16%.
• 4mo ago AI analysis › Press Release ● Major
OPENLANE, Inc. Reports First Quarter 2026 Financial Results
OPENLANE reported Q1 revenue of $528M, up 15% YoY, with Adjusted EBITDA of $97M, up 17%, driven by 32% growth in GMV to $9.1B.
The company raised full-year 2026 guidance, increasing net income expectations to $147M-$164M and Adjusted EBITDA to $365M-$385M at the midpoint.
Management attributed the strong performance to growth in the Marketplace business and solid execution of its strategy.
• 5mo ago AI analysis › Press Release ● Major
OPENLANE to Announce First Quarter 2026 Earnings
prnewswire.com • 6mo ago 
