OPENLANE/$KAR

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About OPENLANE

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.

Ticker

$KAR

Sector

Business services

Primary listing

NYSE

Employees

4,440

OPENLANE Metrics

BasicAdvanced
$2.8B
50.17
$0.52
1.38
-

What the Analysts think about OPENLANE

Analyst ratings (Buy, Hold, Sell) for OPENLANE stock.

Bulls say / Bears say

OPENLANE posted Q2 2025 revenue of $482 million, a 9% year-over-year increase, with auction fee revenue up 24% and Gross Merchandise Value reaching $7.5 billion (up 10% YoY), driving a 21% rise in adjusted EBITDA to $87 million and leading to higher full-year guidance (PRNewswire turn5search0).
As of June 30, 2025, Openlane's condensed balance sheet showed zero current maturities of debt and zero long-term debt, resulting in a net debt-free position that boosts financial flexibility (PRNewswire turn4search4).
U.S. wholesale used-vehicle prices, tracked by the Manheim Used Vehicle Value Index, surged 6.3% year-over-year in June 2025 to the highest point since October 2023, supporting fee revenue and margin expansion for digital marketplaces like Openlane (Reuters turn8news12).
Service revenue in Openlane’s Marketplace segment dropped 6.6% year-over-year in Q1 2025, reflecting the impact from divesting its low-margin Automotive Keys business and continued weakness in commercial volumes such as off-lease vehicle inspections, which puts pressure on the company's diversified services revenue stream (Nasdaq turn6search0).
Management reported a $7 million one-time loss on the sale of surplus property in Q2 2025, pointing to possible issues in asset integration or use following the acquisition of Manheim Canada assets (Nasdaq turn6search0).
Openlane’s subsidiary, Automotive Finance Canada Inc., increased its credit facility under the Canadian Receivables Purchase Agreement from C$300 million to C$375 million in May 2025, raising its dependence on secured borrowing and increasing refinancing risk ahead of upcoming senior-note maturities (Reuters turn9search1).
Data summarised monthly by Lightyear AI. Last updated on 1 Oct 2025.

OPENLANE Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

OPENLANE Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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