OPENLANE Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
OPENLANE Inc. has an operating margin of 10.2%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from -8.0% the prior year.
OPENLANE Inc.'s revenue grew 5.5% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 44/100.
OPENLANE Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
OPENLANE Inc.'s current ratio of 1.11 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
OPENLANE Inc. converts 13.4% of revenue into free cash flow ($239.8M). This strong cash generation earns a score of 67/100.
OPENLANE Inc.'s ROE of 8.2% shows moderate profitability relative to equity, earning a score of 33/100.
OPENLANE Inc. scores 1.40, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
OPENLANE Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, OPENLANE Inc. generates $2.66 in operating cash flow ($292.8M OCF vs $109.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
OPENLANE Inc. earns $8.4 in operating income for every $1 of interest expense ($182.2M vs $21.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows OPENLANE Inc. (KAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
OPENLANE Inc. generated $1.8B in revenue in fiscal year 2024. This represents an increase of 5.5% from the prior year.
OPENLANE Inc.'s EBITDA was $277.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 908.7% from the prior year.
OPENLANE Inc. generated $239.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 29.6% from the prior year.
OPENLANE Inc. reported $109.9M in net income in fiscal year 2024. This represents an increase of 171.3% from the prior year.
OPENLANE Inc. earned $0.45 per diluted share (EPS) in fiscal year 2024. This represents an increase of 124.7% from the prior year.
OPENLANE Inc. held $143.0M in cash against $0 in long-term debt as of fiscal year 2024.
OPENLANE Inc. had 107M shares outstanding in fiscal year 2024. This represents a decrease of 1.0% from the prior year.
OPENLANE Inc.'s gross margin was 46.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
OPENLANE Inc.'s operating margin was 10.2% in fiscal year 2024, reflecting core business profitability. This is up 18.2 percentage points from the prior year.
OPENLANE Inc.'s net profit margin was 6.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 15.2 percentage points from the prior year.
OPENLANE Inc.'s ROE was 8.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
OPENLANE Inc. spent $30.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 35.1% from the prior year.
OPENLANE Inc. invested $53.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.9% from the prior year.
KAR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $498.4M+3.5% | $481.7M+4.7% | $460.1M+1.1% | $455.0M-1.0% | $459.8M+3.6% | $443.8M+3.2% | $429.9M+5.9% | $406.1M |
| Cost of Revenue | $270.2M+6.2% | $254.4M+5.3% | $241.6M-1.2% | $244.5M-3.0% | $252.0M+2.5% | $245.9M+15.0% | $213.9M+4.4% | $204.8M |
| Gross Profit | $228.2M+0.4% | $227.3M+4.0% | $218.5M+3.8% | $210.5M+1.3% | $207.8M+5.0% | $197.9M-8.4% | $216.0M+7.3% | $201.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $110.9M-3.0% | $114.3M+6.6% | $107.2M+7.5% | $99.7M+2.0% | $97.7M-6.7% | $104.7M-1.7% | $106.5M+5.0% | $101.4M |
| Operating Income | $55.0M+16.0% | $47.4M-8.3% | $51.7M-34.6% | $79.0M+85.9% | $42.5M+77.8% | $23.9M-35.1% | $36.8M+57.3% | $23.4M |
| Interest Expense | $1.1M-64.5% | $3.1M-22.5% | $4.0M-13.0% | $4.6M0.0% | $4.6M-16.4% | $5.5M-22.5% | $7.1M+34.0% | $5.3M |
| Income Tax | $8.2M-55.2% | $18.3M+15.8% | $15.8M-5.4% | $16.7M+27.5% | $13.1M+74.7% | $7.5M-29.9% | $10.7M+40.8% | $7.6M |
| Net Income | $47.9M+43.4% | $33.4M-9.5% | $36.9M-29.4% | $52.3M+84.2% | $28.4M+165.4% | $10.7M-42.2% | $18.5M+29.4% | $14.3M |
| EPS (Diluted) | $0.25+66.7% | $0.15-16.7% | $0.18-37.9% | $0.29+141.7% | $0.12 | $0.00-100.0% | $0.05+150.0% | $0.02 |
KAR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.8B+3.8% | $4.6B-3.5% | $4.8B+4.0% | $4.6B-0.1% | $4.6B+0.2% | $4.6B-4.2% | $4.8B+1.9% | $4.7B |
| Current Assets | $3.1B+6.9% | $2.9B-4.6% | $3.0B+6.8% | $2.9B+2.4% | $2.8B+0.4% | $2.8B-6.2% | $3.0B+4.1% | $2.8B |
| Cash & Equivalents | $119.3M+0.2% | $119.1M-46.0% | $220.5M+54.2% | $143.0M+8.3% | $132.1M+116.9% | $60.9M-42.1% | $105.2M+12.5% | $93.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $354.1M+15.8% | $305.9M-11.4% | $345.4M+39.2% | $248.2M-17.3% | $300.0M+2.7% | $292.1M-25.3% | $391.0M+34.0% | $291.8M |
| Goodwill | $1.2B-0.3% | $1.2B+1.4% | $1.2B+0.4% | $1.2B-3.7% | $1.3B+0.5% | $1.3B-0.2% | $1.3B-0.4% | $1.3B |
| Total Liabilities | $3.4B+5.2% | $3.2B-6.2% | $3.4B+4.7% | $3.3B-0.6% | $3.3B+0.3% | $3.3B-5.7% | $3.5B+2.6% | $3.4B |
| Current Liabilities | $2.7B+6.7% | $2.5B-7.8% | $2.7B+6.0% | $2.6B-0.8% | $2.6B+0.4% | $2.6B+0.1% | $2.6B+3.8% | $2.5B |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $200.5M-0.9% | $202.4M |
| Total Equity | $1.4B+0.8% | $1.4B+3.1% | $1.4B+2.2% | $1.3B+1.2% | $1.3B-0.1% | $1.3B-0.2% | $1.3B+0.2% | $1.3B |
| Retained Earnings | $774.7M+5.0% | $737.9M+3.1% | $715.6M+3.7% | $689.8M+6.4% | $648.6M+2.7% | $631.3M-0.1% | $631.8M+1.2% | $624.4M |
KAR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $72.2M+0.8% | $71.6M-41.6% | $122.6M+274.9% | $32.7M-73.3% | $122.4M+226.4% | $37.5M-62.6% | $100.2M+381.7% | $20.8M |
| Capital Expenditures | $14.6M+2.8% | $14.2M+19.3% | $11.9M-15.0% | $14.0M+6.9% | $13.1M+0.8% | $13.0M+0.8% | $12.9M+5.7% | $12.2M |
| Free Cash Flow | $57.6M+0.3% | $57.4M-48.1% | $110.7M+492.0% | $18.7M-82.9% | $109.3M+346.1% | $24.5M-71.9% | $87.3M+915.1% | $8.6M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $26.4M+183.9% | $9.3M+9200.0% | $100K | $0-100.0% | $30.0M | $0 | $0 | $0 |
KAR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.8%-1.4pp | 47.2%-0.3pp | 47.5%+1.2pp | 46.3%+1.1pp | 45.2%+0.6pp | 44.6%-5.6pp | 50.2%+0.7pp | 49.6% |
| Operating Margin | 11.0%+1.2pp | 9.8%-1.4pp | 11.2%-6.1pp | 17.4%+8.1pp | 9.2%+3.8pp | 5.4%-3.2pp | 8.6%+2.8pp | 5.8% |
| Net Margin | 9.6%+2.7pp | 6.9%-1.1pp | 8.0%-3.5pp | 11.5%+5.3pp | 6.2%+3.8pp | 2.4%-1.9pp | 4.3%+0.8pp | 3.5% |
| Return on Equity | 3.4%+1.0pp | 2.4%-0.3pp | 2.7%-1.2pp | 3.9%+1.8pp | 2.1%+1.3pp | 0.8%-0.6pp | 1.4%+0.3pp | 1.1% |
| Return on Assets | 1.0%+0.3pp | 0.7%-0.1pp | 0.8%-0.4pp | 1.1%+0.5pp | 0.6%+0.4pp | 0.2%-0.1pp | 0.4%+0.1pp | 0.3% |
| Current Ratio | 1.160.0 | 1.16+0.0 | 1.120.0 | 1.11+0.0 | 1.080.0 | 1.08-0.1 | 1.150.0 | 1.15 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00-0.2 | 0.150.0 | 0.15 |
| FCF Margin | 11.6%-0.4pp | 11.9%-12.1pp | 24.1%+20.0pp | 4.1%-19.7pp | 23.8%+18.3pp | 5.5%-14.8pp | 20.3%+18.2pp | 2.1% |
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Frequently Asked Questions
What is OPENLANE Inc.'s annual revenue?
OPENLANE Inc. (KAR) reported $1.8B in total revenue for fiscal year 2024. This represents a 5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is OPENLANE Inc.'s revenue growing?
OPENLANE Inc. (KAR) revenue grew by 5.5% year-over-year, from $1.7B to $1.8B in fiscal year 2024.
Is OPENLANE Inc. profitable?
Yes, OPENLANE Inc. (KAR) reported a net income of $109.9M in fiscal year 2024, with a net profit margin of 6.1%.
What is OPENLANE Inc.'s earnings per share (EPS)?
OPENLANE Inc. (KAR) reported diluted earnings per share of $0.45 for fiscal year 2024. This represents a 124.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is OPENLANE Inc.'s EBITDA?
OPENLANE Inc. (KAR) had EBITDA of $277.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does OPENLANE Inc. have?
As of fiscal year 2024, OPENLANE Inc. (KAR) had $143.0M in cash and equivalents against $0 in long-term debt.
What is OPENLANE Inc.'s gross margin?
OPENLANE Inc. (KAR) had a gross margin of 46.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is OPENLANE Inc.'s operating margin?
OPENLANE Inc. (KAR) had an operating margin of 10.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is OPENLANE Inc.'s net profit margin?
OPENLANE Inc. (KAR) had a net profit margin of 6.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is OPENLANE Inc.'s return on equity (ROE)?
OPENLANE Inc. (KAR) has a return on equity of 8.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is OPENLANE Inc.'s free cash flow?
OPENLANE Inc. (KAR) generated $239.8M in free cash flow during fiscal year 2024. This represents a 29.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is OPENLANE Inc.'s operating cash flow?
OPENLANE Inc. (KAR) generated $292.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are OPENLANE Inc.'s total assets?
OPENLANE Inc. (KAR) had $4.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are OPENLANE Inc.'s capital expenditures?
OPENLANE Inc. (KAR) invested $53.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does OPENLANE Inc. buy back shares?
Yes, OPENLANE Inc. (KAR) spent $30.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does OPENLANE Inc. have outstanding?
OPENLANE Inc. (KAR) had 107M shares outstanding as of fiscal year 2024.
What is OPENLANE Inc.'s current ratio?
OPENLANE Inc. (KAR) had a current ratio of 1.11 as of fiscal year 2024, which is considered adequate.
What is OPENLANE Inc.'s debt-to-equity ratio?
OPENLANE Inc. (KAR) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is OPENLANE Inc.'s return on assets (ROA)?
OPENLANE Inc. (KAR) had a return on assets of 2.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is OPENLANE Inc.'s Altman Z-Score?
OPENLANE Inc. (KAR) has an Altman Z-Score of 1.40, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is OPENLANE Inc.'s Piotroski F-Score?
OPENLANE Inc. (KAR) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are OPENLANE Inc.'s earnings high quality?
OPENLANE Inc. (KAR) has an earnings quality ratio of 2.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can OPENLANE Inc. cover its interest payments?
OPENLANE Inc. (KAR) has an interest coverage ratio of 8.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is OPENLANE Inc.?
OPENLANE Inc. (KAR) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.