What is OPENLANE, Inc's earnings per share (EPS)?

OPENLANE, Inc (KAR) reported diluted earnings per share of -$0.96 for fiscal year 2025. This represents a -313.3% 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.

OPENLANE, Inc (KAR) Financials

KAR

FY2025 annual

Revenue $1.9B +8.2% YoY

Net Income $177.7M +61.7% YoY

EPS (Diluted) -$0.96 -313.3% YoY

Free Cash Flow $336.5M +40.3% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KAR SEC filings page.

OPENLANE, Inc (KAR) reported $1.9B in revenue for fiscal year 2025, up 8.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI KAR FY2025 2026-10-04

OPENLANE converts a widening operating base into cash, but 2025’s stronger results came with renewed borrowing and thinner equity.

From FY2023 to FY2025, operating margin moved from -8.0% to 10.2%, showing the business regained operating traction after its loss year. FY2025 free cash flow margin was 17.4%, so the recovery reached cash generation rather than remaining confined to reported earnings.

Gross margin eased from 48.8% in FY2023 to 46.2% in FY2025, while operating margin stayed near 10.2%. That combination points to operating efficiency offsetting gross-level pressure, rather than a simple margin lift throughout the income statement.

The balance sheet shifted from no reported long-term debt in FY2024 to $530.1M in FY2025, while debt-to-equity rose to 0.4x. A current ratio of 1.2x indicates modest short-term headroom, even as operating cash flow rose to $391.9M.

Financial Health Signals

Financial Health Score 49/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of OPENLANE, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

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 47/100, indicating healthy but not exceptional operating efficiency. This is unchanged from the prior year.

Growth

OPENLANE, Inc's revenue grew 8.2% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 56/100.

Leverage

OPENLANE, Inc has a moderate D/E ratio of 0.43. This balance of debt and equity financing earns a leverage score of 41/100.

Liquidity

OPENLANE, Inc's current ratio of 1.16 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

OPENLANE, Inc converts 17.4% of revenue into free cash flow ($336.5M). This strong cash generation earns a score of 78/100.

Returns

OPENLANE, Inc's ROE of 14.3% shows moderate profitability relative to equity, earning a score of 44/100. This is up from 8.2% the prior year.

Altman Z-Score Distress

1.39

OPENLANE, Inc scores 1.39, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

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.

Earnings Quality Cash-Backed

2.21x

For every $1 of reported earnings, OPENLANE, Inc generates $2.21 in operating cash flow ($391.9M OCF vs $177.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.86x

OPENLANE, Inc earns $10.86 in operating income for every $1 of interest expense ($196.6M vs $18.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$527.9M

YoY+14.7%

QoQ+6.8%

5Y CAGR+7.4%

10Y CAGR-3.6%

OPENLANE, Inc generated $527.9M in revenue in Q1 2026. This represents an increase of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 6.8%.

EBITDA

$96.7M

YoY+30.0%

QoQ+47.0%

5Y CAGR+10.5%

10Y CAGR-6.3%

OPENLANE, Inc's EBITDA was $96.7M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.0% from the same quarter a year earlier. Against the prior quarter it is up 47.0%.

Net Income

$48.9M

YoY+32.5%

OPENLANE, Inc reported $48.9M in net income in Q1 2026. This represents an increase of 32.5% from the same quarter a year earlier.

EPS (Diluted)

$0.35

YoY+94.4%

QoQ+119.8%

5Y CAGR+7.0%

10Y CAGR-2.3%

OPENLANE, Inc earned $0.35 per diluted share (EPS) in Q1 2026. This represents an increase of 94.4% from the same quarter a year earlier. Against the prior quarter it is up 119.8%.

Cash & Balance Sheet

Free Cash Flow

$146.5M

YoY+32.3%

QoQ+32.2%

5Y CAGR-0.8%

10Y CAGR+15.7%

OPENLANE, Inc generated $146.5M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 32.3% from the same quarter a year earlier. Against the prior quarter it is up 32.2%.

Cash & Debt

$180.1M

YoY-18.3%

QoQ+27.3%

5Y CAGR-25.0%

10Y CAGR-12.4%

OPENLANE, Inc held $180.1M in cash against $529.7M in long-term debt as of Q1 2026.

Shares Outstanding

106M

YoY-1.3%

QoQ-0.3%

5Y CAGR-3.2%

10Y CAGR-2.6%

OPENLANE, Inc had 106M shares outstanding in Q1 2026. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

48.5%

YoY+1.0pp

QoQ+4.3pp

5Y change+3.6pp

OPENLANE, Inc's gross margin was 48.5% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.3 percentage points.

Operating Margin

14.0%

YoY+2.7pp

QoQ+5.4pp

5Y change+5.4pp

10Y change-3.0pp

OPENLANE, Inc's operating margin was 14.0% in Q1 2026, reflecting core business profitability. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.4 percentage points.

Net Margin

9.3%

YoY+1.2pp

OPENLANE, Inc's net profit margin was 9.3% in Q1 2026, showing the share of revenue converted to profit. This is up 1.2 percentage points from the same quarter a year earlier.

Return on Equity

3.9%

YoY+1.2pp

OPENLANE, Inc's ROE was 3.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the same quarter a year earlier.

Capital Allocation

Share Buybacks

$25.7M

YoY+25600.0%

QoQ+162.2%

OPENLANE, Inc spent $25.7M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 25600.0% from the same quarter a year earlier. Against the prior quarter it is up 162.2%.

Capital Expenditures

$13.1M

YoY+10.1%

QoQ-10.9%

5Y CAGR+1.9%

10Y CAGR-9.6%

OPENLANE, Inc invested $13.1M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 10.1% from the same quarter a year earlier. Against the prior quarter it is down 10.9%.

R&D Spending

Not reported for Q1 2026.

KAR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KAR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$2.0B	$1.9B+8.2%	$1.8B+5.5%	$1.7B+10.9%	$1.5B+5.4%	$1.5B+9.3%	$1.3B-52.3%	$2.8B+13.9%	$2.4B+9.1%	$2.2B-28.9%	$3.2B+17.1%	$2.7B+11.3%	$2.4B+11.2%	$2.2B+10.7%	$2.0B+4.1%	$1.9B
Cost of Revenue	$1.1B	$1.0B+8.9%	$956.3M+10.2%	$867.6M+4.0%	$834.3M+5.3%	$792.5M+6.5%	$744.3M-54.0%	$1.6B+22.4%	$1.3B+9.3%	$1.2B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$930.5M	$892.8M+7.3%	$832.2M+0.5%	$828.1M+19.2%	$694.9M+5.6%	$658.1M+13.0%	$582.6M-50.0%	$1.2B+3.9%	$1.1B+8.9%	$1.0B	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$462.4M	$445.2M+9.0%	$408.6M-3.1%	$421.8M-3.3%	$436.3M+3.7%	$420.7M+12.3%	$374.5M-43.4%	$662.0M+8.7%	$608.8M+14.5%	$531.7M-8.8%	$583.1M+16.2%	$502.0M+6.5%	$471.4M-3.8%	$490.0M+16.9%	$419.1M+7.6%	$389.4M
Operating Income	$218.7M	$196.6M+7.9%	$182.2M+234.2%	-$135.8M-243.4%	$94.7M-25.7%	$127.5M+84.2%	$69.2M-78.0%	$314.1M-7.6%	$340.1M+4.2%	$326.5M-34.6%	$499.0M+16.8%	$427.3M+13.1%	$377.7M+47.1%	$256.7M-3.9%	$267.0M-5.3%	$281.9M
EBITDA	N/A	$288.3M+3.9%	$277.4M+908.7%	-$34.3M-117.6%	$194.9M-17.9%	$237.4M+33.1%	$178.3M-64.5%	$502.8M-1.9%	$512.5M+2.9%	$498.0M-32.7%	$739.6M+15.5%	$640.1M+11.5%	$574.3M+27.3%	$451.1M-1.3%	$457.2M-1.0%	$461.7M
Interest Expense	$24.2M	$18.1M-17.0%	$21.8M-13.5%	$25.2M-37.3%	$40.2M-68.0%	$125.7M-2.0%	$128.2M-32.3%	$189.5M-0.9%	$191.2M+17.2%	$163.2M+17.6%	$138.8M+51.9%	$91.4M+6.0%	$86.2M-17.7%	$104.7M-12.3%	$119.4M-16.6%	$143.1M
Income Tax	$15.1M	$14.5M-69.8%	$48.0M+478.3%	$8.3M-17.0%	$10.0M-33.8%	$15.1M+234.8%	-$11.2M-129.7%	$37.7M+9.9%	$34.3M+319.9%	-$15.6M-111.7%	$132.9M+5.6%	$125.9M+31.6%	$95.7M+17.4%	$81.5M+36.7%	$59.6M+234.8%	$17.8M
Net Income	N/A	$177.7M+61.7%	$109.9M+171.3%	-$154.1M-163.9%	$241.2M+262.7%	$66.5M+13200.0%	$500K-99.7%	$188.5M-42.5%	$328.0M-9.4%	$362.0M+62.8%	$222.4M+3.6%	$214.6M+26.8%	$169.3M+150.1%	$67.7M-26.4%	$92.0M+27.4%	$72.2M
EPS (Basic)	N/A	-$0.96-308.7%	$0.46+125.3%	-$1.82-240.0%	$1.30+712.5%	$0.16+145.7%	-$0.35-124.5%	$1.43-41.4%	$2.44-8.3%	$2.66+64.2%	$1.62+5.9%	$1.53+26.4%	$1.21+146.9%	$0.49-26.9%	$0.67+26.4%	$0.53
EPS (Diluted)	-$1.02	-$0.96-313.3%	$0.45	-$1.82	$1.30	$0.16+145.7%	-$0.35-124.6%	$1.42-41.3%	$2.42-7.6%	$2.62+63.7%	$1.60+6.0%	$1.51+26.9%	$1.19+147.9%	$0.48-27.3%	$0.66+26.9%	$0.52
Diluted Shares (Avg)	N/A	107M-2.1%	109M	109M	116M	123M-4.9%	129M-2.7%	133M-2.1%	136M-1.7%	138M-0.8%	139M-2.2%	142M+0.4%	142M+0.7%	141M+1.3%	139M+0.9%	138M

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Revenue	$527.9M+14.7%	$494.3M+8.6%	$498.4M+8.4%	$481.7M+8.5%	$460.1M+7.0%	$455.0M+12.0%	$459.8M+7.5%	$443.8M+3.4%
Cost of Revenue	$271.7M+12.5%	$275.5M+12.7%	$270.2M+7.2%	$254.4M+3.5%	$241.6M+12.9%	$244.5M+19.4%	$252.0M+16.7%	$245.9M+10.5%
Gross Profit	$256.2M+17.3%	$218.8M+3.9%	$228.2M+9.8%	$227.3M+14.9%	$218.5M+1.2%	$210.5M+4.6%	$207.8M-1.9%	$197.9M-4.2%
SG&A Expenses	$124.4M+16.0%	$112.8M+13.1%	$110.9M+13.5%	$114.3M+9.2%	$107.2M+0.7%	$99.7M-1.7%	$97.7M-7.3%	$104.7M-4.2%
Operating Income	$73.8M+42.7%	$42.5M-46.2%	$55.0M+29.4%	$47.4M+98.3%	$51.7M+40.5%	$79.0M+237.6%	$42.5M+31.6%	$23.9M+110.5%
EBITDA	$96.7M+30.0%	$65.8M-35.5%	$77.7M+17.2%	$70.4M+46.7%	$74.4M+21.8%	$102.0M+109.4%	$66.3M+12.9%	$48.0M+124.0%
Interest Expense	$10.1M+152.5%	$9.9M+115.2%	$1.1M-76.1%	$3.1M-43.6%	$4.0M-43.7%	$4.6M-13.2%	$4.6M-11.5%	$5.5M-17.9%
Income Tax	$16.4M+3.8%	-$27.8M-266.5%	$8.2M-37.4%	$18.3M+144.0%	$15.8M+47.7%	$16.7M+119.7%	$13.1M+3.1%	$7.5M+138.9%
Net Income	$48.9M+32.5%	N/A	$47.9M+68.7%	$33.4M+212.1%	$36.9M+99.5%	N/A	$28.4M+123.6%	$10.7M+105.5%
EPS (Basic)	$0.35+94.4%	-$1.77-710.3%	$0.26+116.7%	$0.16	$0.18+260.0%	$0.29+1350.0%	$0.12+1100.0%	$0.00+100.0%
EPS (Diluted)	$0.35+94.4%	-$1.77-710.3%	$0.25+108.3%	$0.15	$0.18	$0.29+1350.0%	$0.12	$0.00+100.0%
Diluted Shares (Avg)	108M-0.5%	N/A	108M-0.6%	109M0.0%	109M	N/A	109M	109M-0.9%

Not reported in any period shown, so not listed: R&D Expenses.

KAR Balance Sheet

KAR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$4.7B+2.2%	$4.6B-2.2%	$4.7B-7.7%	$5.1B-31.3%	$7.5B+9.6%	$6.8B+3.3%	$6.6B-8.7%	$7.2B+3.2%	$7.0B+6.5%	$6.6B+13.6%	$5.8B+8.2%	$5.3B+4.0%	$5.1B+4.2%	$4.9B+3.0%	$4.8B
Current Assets	$3.0B+5.6%	$2.9B+0.3%	$2.8B-6.0%	$3.0B-10.9%	$3.4B+6.8%	$3.2B-2.1%	$3.2B-2.1%	$3.3B+5.6%	$3.1B+10.4%	$2.8B+16.2%	$2.4B+17.9%	$2.1B+15.8%	$1.8B+13.3%	$1.6B+15.2%	$1.4B
Cash & Equivalents	$141.5M-1.0%	$143.0M+52.9%	$93.5M-58.6%	$225.7M+27.1%	$177.6M-76.4%	$752.1M+48.2%	$507.6M+83.2%	$277.1M-12.6%	$317.2M+57.2%	$201.8M+30.2%	$155.0M+1.4%	$152.9M-20.2%	$191.6M+76.3%	$108.7M+11.6%	$97.4M
Accounts Receivable	$314.1M+26.6%	$248.2M-14.9%	$291.8M+7.8%	$270.7M-29.0%	$381.3M+3.8%	$367.2M-19.7%	$457.5M+0.6%	$454.6M-37.3%	$725.5M+6.2%	$682.9M+33.4%	$511.9M+27.6%	$401.2M+13.2%	$354.3M+3.5%	$342.4M+15.1%	$297.4M
Goodwill	$1.2B+1.7%	$1.2B-3.8%	$1.3B-13.2%	$1.5B-8.4%	$1.6B+37.8%	$1.2B-36.3%	$1.8B+8.6%	$1.7B+1.4%	$1.7B-19.6%	$2.1B+14.5%	$1.8B+5.3%	$1.7B0.0%	$1.7B+1.5%	$1.7B0.0%	$1.7B
Total Liabilities	$3.5B+6.2%	$3.3B-3.5%	$3.4B-5.6%	$3.6B-39.3%	$5.9B+14.6%	$5.2B+5.1%	$4.9B-14.1%	$5.7B+4.4%	$5.5B+6.6%	$5.2B+17.7%	$4.4B+15.8%	$3.8B+3.9%	$3.6B+4.8%	$3.5B+1.2%	$3.4B
Current Liabilities	$2.6B+1.5%	$2.6B+3.5%	$2.5B-6.2%	$2.6B-12.2%	$3.0B+33.7%	$2.3B-10.6%	$2.5B-4.1%	$2.6B+9.9%	$2.4B+2.3%	$2.3B+5.5%	$2.2B+39.2%	$1.6B+10.9%	$1.4B+11.5%	$1.3B+7.6%	$1.2B
Non-Current Liabilities	$589.9M+480.6%	$101.6M-67.0%	$308.0M-10.9%	$345.8M-85.2%	$2.3B-1.9%	$2.4B-1.3%	$2.4B-22.6%	$3.1B+0.2%	$3.1B+10.1%	$2.8B+30.1%	$2.2B-1.9%	$2.2B+0.1%	$2.2B+0.9%	$2.2B-2.1%	$2.2B
Long-Term Debt	$530.1M	$0-100.0%	$202.4M-1.4%	$205.3M-88.9%	$1.8B-0.2%	$1.9B-0.4%	$1.9B-29.9%	$2.7B-0.5%	$2.7B+12.8%	$2.4B+38.2%	$1.7B-1.5%	$1.7B+0.1%	$1.7B-2.2%	$1.8B-2.3%	$1.8B
Total Equity	$1.2B-7.6%	$1.3B+1.2%	$1.3B-12.6%	$1.5B+0.4%	$1.5B-6.4%	$1.6B-2.1%	$1.7B+12.7%	$1.5B-1.4%	$1.5B+6.3%	$1.4B+0.8%	$1.4B-10.4%	$1.5B+4.4%	$1.5B+2.6%	$1.4B+7.5%	$1.3B
Retained Earnings	$586.7M-14.9%	$689.8M+10.5%	$624.4M-24.1%	$822.9M+31.5%	$625.7M+4.2%	$600.7M-7.7%	$651.0M+65.9%	$392.3M+52.6%	$257.0M+246.8%	$74.1M+328.3%	$17.3M+137.3%	-$46.4M+35.8%	-$72.3M-170.8%	-$26.7M+71.2%	-$92.7M

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Total Assets	$4.9B+1.9%	$4.7B+2.2%	$4.8B+4.1%	$4.6B+0.4%	$4.8B-0.2%	$4.6B-2.2%	$4.6B-2.2%	$4.6B-5.7%
Current Assets	$3.2B+5.2%	$3.0B+5.6%	$3.1B+11.5%	$2.9B+4.7%	$3.0B+3.0%	$2.9B+0.3%	$2.8B-5.3%	$2.8B-10.1%
Cash & Equivalents	$180.1M-18.3%	$141.5M-1.0%	$119.3M-9.7%	$119.1M+95.6%	$220.5M+109.6%	$143.0M+52.9%	$132.1M+19.8%	$60.9M-74.9%
Accounts Receivable	$415.7M+20.4%	$314.1M+26.6%	$354.1M+18.0%	$305.9M+4.7%	$345.4M-11.7%	$248.2M-14.9%	$300.0M-11.8%	$292.1M-7.2%
Goodwill	$1.2B+1.0%	$1.2B+1.7%	$1.2B-2.2%	$1.2B-1.5%	$1.2B-3.0%	$1.2B-3.8%	$1.3B+2.6%	$1.3B+1.6%
Total Liabilities	$3.6B+6.2%	$3.5B+6.2%	$3.4B+2.8%	$3.2B-2.0%	$3.4B-1.6%	$3.3B-3.5%	$3.3B-3.7%	$3.3B-7.7%
Current Liabilities	$2.8B+1.7%	$2.6B+1.5%	$2.7B+3.6%	$2.5B-2.6%	$2.7B+5.7%	$2.6B+3.5%	$2.6B+3.1%	$2.6B-2.6%
Non-Current Liabilities	$589.4M+484.7%	$589.9M+480.6%	$100.0M-0.9%	$100.8M-0.2%	$100.8M-66.6%	$101.6M-67.0%	$100.9M-66.6%	$101.0M-66.8%
Long-Term Debt	$529.7M	$530.1M	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%
Total Equity	$1.3B-8.7%	$1.2B-7.6%	$1.4B+7.5%	$1.4B+6.6%	$1.4B+3.2%	$1.3B+1.2%	$1.3B+1.6%	$1.3B-0.5%
Retained Earnings	$630.3M-11.9%	$586.7M-14.9%	$774.7M+19.4%	$737.9M+16.9%	$715.6M+13.3%	$689.8M+10.5%	$648.6M+4.4%	$631.3M+1.9%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.

KAR Cash Flow Statement

KAR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$428.9M	$391.9M+33.8%	$292.8M+23.5%	$237.0M+5680.5%	$4.1M-98.2%	$233.9M+30.6%	$179.1M-53.0%	$380.8M-49.2%	$749.8M+27.3%	$588.8M+55.8%	$378.0M-21.6%	$482.1M+11.8%	$431.3M-0.6%	$434.0M+49.6%	$290.2M-5.1%	$305.8M
Depreciation & Amortization	N/A	$91.7M-3.7%	$95.2M-6.2%	$101.5M+1.3%	$100.2M-8.8%	$109.9M+0.7%	$109.1M-42.2%	$188.7M+9.5%	$172.4M+0.5%	$171.5M-28.7%	$240.6M+13.1%	$212.8M+8.2%	$196.6M+1.1%	$194.4M+2.2%	$190.2M+5.8%	$179.8M
Stock-Based Compensation	N/A	$14.6M-0.7%	$14.7M-10.9%	$16.5M-0.6%	$16.6M+25.8%	$13.2M+11.9%	$11.8M-39.8%	$19.6M0.0%	$19.6M-3.9%	$20.4M+12.7%	$18.1M+54.7%	$11.7M-58.2%	$28.0M-58.3%	$67.2M+189.7%	$23.2M+36.5%	$17.0M
Capital Expenditures	$56.6M	$55.4M+4.5%	$53.0M+1.9%	$52.0M-14.6%	$60.9M-5.1%	$64.2M+2.2%	$62.8M-61.1%	$161.6M+23.1%	$131.3M+34.9%	$97.3M-37.3%	$155.1M+15.1%	$134.7M+33.4%	$101.0M+4.6%	$96.6M-5.3%	$102.0M+18.9%	$85.8M
Free Cash Flow	$372.3M	$336.5M+40.3%	$239.8M+29.6%	$185.0M+425.7%	-$56.8M-133.5%	$169.7M+45.9%	$116.3M-46.9%	$219.2M-64.6%	$618.5M+25.8%	$491.5M+120.5%	$222.9M-35.8%	$347.4M+5.2%	$330.3M-2.1%	$337.4M+79.3%	$188.2M-14.5%	$220.0M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$381.2M-0.8%	-$378.3M+50.5%	-$763.6M-39.4%	-$547.6M-32.7%	-$412.8M	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	-$320.1M-197.5%	-$107.6M-124.7%	$436.0M+398.9%	$87.4M+280.2%	-$48.5M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0-100.0%	$49.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$71.2M	$45.6M+52.0%	$30.0M+35.1%	$22.2M-87.8%	$182.2M+0.7%	$180.9M+1673.5%	$10.2M-91.5%	$119.7M-20.2%	$150.0M0.0%	$150.0M+86.6%	$80.4M-64.7%	$227.6M	$0	$0	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Operating Cash Flow	$159.6M+30.2%	$125.5M+283.8%	$72.2M-41.0%	$71.6M+90.9%	$122.6M+22.4%	$32.7M+57.2%	$122.4M+66.3%	$37.5M-19.4%
Depreciation & Amortization	$22.9M+0.9%	$23.3M+1.3%	$22.7M-4.6%	$23.0M-4.6%	$22.7M-6.6%	$23.0M-9.1%	$23.8M-9.8%	$24.1M-10.1%
Stock-Based Compensation	$9.4M+452.9%	N/A	$4.1M+7.9%	$4.1M+17.1%	$1.7M-74.2%	N/A	$3.8M-9.5%	$3.5M-34.0%
Capital Expenditures	$13.1M+10.1%	$14.7M+5.0%	$14.6M+11.5%	$14.2M+9.2%	$11.9M-7.8%	$14.0M+14.8%	$13.1M+1.6%	$13.0M-12.8%
Free Cash Flow	$146.5M+32.3%	$110.8M+492.5%	$57.6M-47.3%	$57.4M+134.3%	$110.7M+26.8%	$18.7M+117.4%	$109.3M+80.1%	$24.5M-22.5%
Investing Cash Flow	-$44.7M-40.1%	N/A	N/A	N/A	-$31.9M	N/A	N/A	N/A
Financing Cash Flow	-$78.7M-316.4%	N/A	N/A	N/A	-$18.9M	N/A	N/A	N/A
Share Buybacks	$25.7M+25600.0%	$9.8M	$26.4M-12.0%	$9.3M	$100K	$0	$30.0M+35.1%	$0

Not reported in any period shown, so not listed: Dividends Paid.

KAR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KAR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	46.2%-0.4pp	46.5%-2.3pp	48.8%+3.4pp	45.4%+0.1pp	45.4%+1.5pp	43.9%+2.0pp	41.9%-4.0pp	45.9%-0.1pp	46.0%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.2%0.0pp	10.2%+18.2pp	-8.0%-14.2pp	6.2%-2.6pp	8.8%+3.6pp	5.2%-6.1pp	11.3%-2.6pp	13.9%-0.7pp	14.6%-1.3pp	15.8%0.0pp	15.9%+0.3pp	15.6%+3.8pp	11.8%-1.8pp	13.6%-1.3pp	14.9%
Net Margin	9.2%+3.0pp	6.1%+15.2pp	-9.1%-24.9pp	15.8%+11.2pp	4.6%+4.5pp	0.0%-6.7pp	6.8%-6.7pp	13.4%-2.7pp	16.2%+9.1pp	7.1%-0.9pp	8.0%+1.0pp	7.0%+3.9pp	3.1%-1.6pp	4.7%+0.9pp	3.8%
Return on Equity	14.3%+6.1pp	8.2%+19.8pp	-11.6%-27.5pp	15.9%+11.5pp	4.4%+4.4pp	0.0%-11.4pp	11.4%-11.0pp	22.4%-2.0pp	24.4%+8.5pp	15.9%+0.4pp	15.5%+4.5pp	10.9%+6.4pp	4.6%-1.8pp	6.4%+1.0pp	5.4%
Return on Assets	3.8%+1.4pp	2.4%+5.6pp	-3.3%-8.0pp	4.7%+3.8pp	0.9%+0.9pp	0.0%-2.9pp	2.9%-1.7pp	4.5%-0.6pp	5.2%+1.8pp	3.4%-0.3pp	3.7%+0.5pp	3.2%+1.8pp	1.3%-0.6pp	1.9%+0.4pp	1.5%
Current Ratio	1.160.0x	1.110.0x	1.150.0x	1.140.0x	1.13-0.3x	1.41+0.1x	1.290.0x	1.26-0.1x	1.31+0.1x	1.22+0.1x	1.10-0.2x	1.30+0.1x	1.250.0x	1.23+0.1x	1.15
Debt-to-Equity	0.43+0.4x	0.00-0.2x	0.150.0x	0.14-1.1x	1.22+0.1x	1.150.0x	1.13-0.7x	1.810.0x	1.80+0.1x	1.69+0.5x	1.23+0.1x	1.120.0x	1.17-0.1x	1.23-0.1x	1.35
Asset Turnover	0.410.0x	0.390.0x	0.36+0.1x	0.30+0.1x	0.190.0x	0.20-0.2x	0.42+0.1x	0.340.0x	0.32-0.2x	0.480.0x	0.470.0x	0.450.0x	0.420.0x	0.400.0x	0.39
FCF Margin	17.4%+4.0pp	13.4%+2.5pp	10.9%+14.6pp	-3.7%-15.4pp	11.7%+2.9pp	8.8%+0.9pp	7.9%-17.4pp	25.3%+3.4pp	21.9%+14.9pp	7.1%-5.8pp	12.9%-0.8pp	13.7%-1.9pp	15.5%+5.9pp	9.6%-2.1pp	11.7%

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Gross Margin	48.5%+1.0pp	44.3%-2.0pp	45.8%+0.6pp	47.2%+2.6pp	47.5%-2.7pp	46.3%-3.3pp	45.2%-4.3pp	44.6%-3.5pp
Operating Margin	14.0%+2.7pp	8.6%-8.8pp	11.0%+1.8pp	9.8%+4.5pp	11.2%+2.7pp	17.4%+11.6pp	9.2%+1.7pp	5.4%+58.2pp
Net Margin	9.3%+1.2pp	N/A	9.6%+3.4pp	6.9%+4.5pp	8.0%+3.7pp	N/A	6.2%+3.2pp	2.4%+47.6pp
Return on Equity	3.9%+1.2pp	N/A	3.4%+1.2pp	2.4%+1.6pp	2.7%+1.3pp	N/A	2.1%+1.2pp	0.8%+15.3pp
Return on Assets	1.0%+0.2pp	N/A	1.0%+0.4pp	0.7%+0.5pp	0.8%+0.4pp	N/A	0.6%+0.3pp	0.2%+4.2pp
Current Ratio	1.160.0x	1.160.0x	1.16+0.1x	1.16+0.1x	1.120.0x	1.110.0x	1.08-0.1x	1.08-0.1x
Debt-to-Equity	0.42+0.4x	0.43+0.4x	0.000.0x	0.000.0x	0.00-0.2x	0.00-0.2x	0.00-0.2x	0.00-0.2x
Asset Turnover	0.110.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x
FCF Margin	27.8%+3.7pp	22.4%+18.3pp	11.6%-12.2pp	11.9%+6.4pp	24.1%+3.8pp	4.1%+2.0pp	23.8%+9.6pp	5.5%-1.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
OPENLANE, Inc KAR	FY2025	$1.9B	$177.7M	9.2%	$3.3B	49/100
Driven Brands Holdings Inc. DRVN	FY2025	$1.9B	$132.1M	7.1%	$1.9B	35/100
CarGurus, Inc. CARG	FY2025	$907.0M	$155.9M	17.2%	$2.6B	83/100
Sonic Automotive, Inc. SAH	FY2025	$15.2B	$118.7M	0.8%	$1.9B	40/100
Rush Enterprises Inc RUSHA	FY2025	$7.4B	$266.0M	3.6%	$5.5B	54/100
Rush Enterprises Inc RUSHB	FY2025	$7.4B	$266.0M	3.6%	$6.6B	54/100

Where OPENLANE, Inc Ranks

Frequently Asked Questions

What is OPENLANE, Inc's annual revenue?

OPENLANE, Inc (KAR) reported $1.9B in total revenue for fiscal year 2025. This represents a 8.2% 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 8.2% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is OPENLANE, Inc profitable?

Yes, OPENLANE, Inc (KAR) reported a net income of $177.7M in fiscal year 2025, with a net profit margin of 9.2%.

What is OPENLANE, Inc's EBITDA?

OPENLANE, Inc (KAR) had EBITDA of $288.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does OPENLANE, Inc have?

As of fiscal year 2025, OPENLANE, Inc (KAR) had $141.5M in cash and equivalents against $530.1M in long-term debt.

What is OPENLANE, Inc's gross margin?

OPENLANE, Inc (KAR) had a gross margin of 46.2% in fiscal year 2025, 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 2025, 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 9.2% in fiscal year 2025, 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 14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is OPENLANE, Inc's free cash flow?

OPENLANE, Inc (KAR) generated $336.5M in free cash flow during fiscal year 2025. This represents a 40.3% 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 $391.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are OPENLANE, Inc's total assets?

OPENLANE, Inc (KAR) had $4.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are OPENLANE, Inc's capital expenditures?

OPENLANE, Inc (KAR) invested $55.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does OPENLANE, Inc buy back shares?

Yes, OPENLANE, Inc (KAR) spent $45.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does OPENLANE, Inc have outstanding?

OPENLANE, Inc (KAR) had 106M shares outstanding as of fiscal year 2025.

What is OPENLANE, Inc's current ratio?

OPENLANE, Inc (KAR) had a current ratio of 1.16 as of fiscal year 2025, which is considered adequate.

What is OPENLANE, Inc's debt-to-equity ratio?

OPENLANE, Inc (KAR) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, 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 3.8% for fiscal year 2025, 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 1.39, 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 to 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 2.21x, 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 10.86x, 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 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.