OPENLANE, Inc. (KAR) Form 8-K — Aug 4, 2026
OPENLANE reported strong second quarter 2026 financial results, with revenue increasing 15% year-over-year to $555 million and Gross Merchandise Value (GMV) growing 41% to $10.5 billion. Net income rose 33% to $44 million, and Adjusted EBITDA increased 19% to $103 million, driven by significant growth in both commercial and dealer vehicle segments. Based on this positive momentum, the company raised its full-year 2026 guidance. Adjusted EBITDA guidance was increased to a range of $385 million to $400 million, up from the previous range of $365 million to $385 million, reflecting confidence in continued growth and the success of recent investments.
Key figures
- Eps
- 0.32
- Revenue
- 554.6 million
- Net Income
- 44.3 million
- Cash Position
- 189.7 million
- Gmv
- 10.5 billion
- Adjusted EBITDA
- 103.2 million
- Net Income growth
- 33%
- Adjusted EBITDA growth
- 19%
Price after filing
Close on the filing date to close N calendar days later (from $40.51). Historical, not a forecast.
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