OPENLANE, Inc.
NYSE•KAR
CEO: Mr. Peter J. Kelly
Sector: Consumer Cyclical
Industry: Auto - Dealerships
Listing Date: 2009-12-11
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.
Contact Information
Market Cap
$3.28B
P/E (TTM)
19.4
76.8
Dividend Yield
--
52W High
$31.16
52W Low
$17.08
52W Range
Rank51Top 71.3%
3.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$498.40M+11.15%
4-Quarter Trend
EPS
$0.26+116.67%
4-Quarter Trend
FCF
$57.60M-46.67%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Increased 8.4% Total operating revenues reached $498.4M, showing an 8.4% increase over the prior three months ended September 30, 2024.
Operating Profit Improved Operating profit increased to $55.0M from $42.5M, driven by strong performance across both Marketplace and Finance segments.
Net Income Substantially Higher Net income rose sharply to $47.9M compared to $28.4M in the prior comparable three-month period.
Effective Tax Rate Dropped Effective tax rate favorably dropped to 14.6% from 31.6% due to the application of new tax legislation enacted in 2025.
Risk Factors
Tax Asset Realization Uncertainty Realization of U.S. net deferred tax assets depends on uncertain future taxable income generation to utilize these assets.
Macroeconomic Headwinds Persist Inflation, interest rates, and evolving tariffs continue to impact affordability and demand for new and used vehicles.
Foreign Currency Volatility Risk Currency fluctuations, especially Canadian dollar, may adversely affect reported operating profit and net income results.
Finance Credit Loss Monitoring Provision for credit losses is expected to be approximately 2% or under long-term, but actual losses could deviate.
Outlook
Credit Facility Expansion Secured Entered Second Amendment securing $550.0M incremental term loans due October 2032 to finance strategic activities.
Preferred Stock Repurchase Closed Completed $558.9M repurchase of Series A Preferred Stock shares in October 2025, cancelling repurchased shares.
Senior Notes Fully Repaid Repaid remaining $210.0M principal amount of 5.125% senior notes upon maturity during the second quarter of 2025.
Capital Spending Guidance Set Capital expenditures are expected to be approximately $50M to $55M for the fiscal year 2025.
Peer Comparison
Revenue (TTM)
SAH$15.18B
GEF$3.93B
TPH$3.73B
Gross Margin (Latest Quarter)
89.5%
55.9%
COLM50.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| YETI | $4.06B | 24.9 | 21.3% | 12.2% |
| GTX | $3.89B | 11.4 | -43.5% | 62.4% |
| CARG | $3.67B | 25.0 | 34.6% | 29.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.4%
Moderate Growth
4Q Net Income CAGR
-2.9%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 18, 2026
EPS:$0.30
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $498.40M+11.2%|EPS: $0.26+116.7%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $481.70M+11.6%|EPS: $0.16-4424.3%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $460.10M+10.5%|EPS: $0.18+248.2%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 20, 2025|Revenue: $1.79B+8.7%|EPS: $0.46+125.3%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $448.40M+7.7%|EPS: $0.12+990.9%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $431.80M+3.6%|EPS: $-0.00-99.8%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 2, 2024|Revenue: $416.30M-1.0%|EPS: $0.05+370.0%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 21, 2024|Revenue: $1.65B+8.3%|EPS: $-1.82-828.0%Miss