OPENLANE Inc. Stock Price, News & Analysis

Reviver (KAR) announced on November 14, 2025 the appointment of Andrew Iorgulescu as Chief Executive Officer and President, marking an executive leadership change focused on growth and automotive innovation.

Andrew is described as a serial entrepreneur and automotive technology leader who co-founded OPENLANE (previously public under the KAR ticker) and co-founded The Appraisal Lane, which was acquired in 2020. Blair Duncan was named Chief Financial Officer with over 30 years of financial leadership experience, and Scott Gales joins as Vice President of Product to support product development and partnerships with dealerships, OEMs, DMVs, law enforcement, and drivers.

OPENLANE (NYSE: KAR) said its CEO Peter Kelly, CFO Brad Herring and VP Investor Relations Bill Wright will participate in four investor conferences in Nov–Dec 2025. Scheduled appearances include the Wells Fargo TMT Summit in Los Angeles on Nov 18, 2025, the Stephens Annual Investment Conference in Nashville on Nov 20, 2025 (fireside chat at 12:00 p.m. ET), the UBS Global Technology and AI Conference in Scottsdale on Dec 3, 2025, and the BofA Auto Dealer Conference in New York on Dec 10, 2025 (fireside chat at 2:50 p.m. ET).

Investors can find event details and webcast links, if available, in the company investor relations section at corporate.openlane.com.

OPENLANE (NYSE: KAR) reported Q3 2025 results: GMV ~$7.3B (+9% YoY) and marketplace dealer volume +14% YoY. Revenue was $498M (+8% YoY), driven by 20% auction fee growth. Income from continuing operations was $48M (+69% YoY) and Adjusted EBITDA $87M (+17% YoY). Cash flow from operations for the quarter was $72M. The company raised 2025 guidance: Adjusted EBITDA $328–333M and Operating Adjusted EPS $1.22–1.26, while GAAP diluted income (loss) guidance was revised to $(1.32)–$(1.28) due to expected Series A preferred repurchases and a deemed dividend.

OPENLANE (NYSE: KAR) will release third quarter 2025 financial results before market open on Nov. 5, 2025 and will host an earnings conference call and webcast the same day at 8:30 a.m. ET.

The call will be hosted by CEO Peter Kelly and CFO Brad Herring. Participants may join by phone at 1-833-634-2155 or via a live webcast on the company's investor relations site at corporate.openlane.com. A replay of the webcast will be available for a limited time on the investor relations site.

OPENLANE (NYSE: KAR) announced on Oct 8, 2025 that it has closed the repurchase of 53% of its Series A Convertible Preferred Stock and amended its Credit Agreement to add $550 million in secured term loans to finance the repurchases. The company said the financing was substantially oversubscribed, allowing tighter pricing and a more preferred rate. Management described the demand as validating OPENLANE's cash-generation profile and positioning for continued growth while remaining focused on long-term shareholder value.

OPENLANE (NYSE: KAR) announced on October 6, 2025 that Bill Wright has been appointed Vice President of Investor Relations.

Wright will lead the investor relations program and act as the primary liaison to stockholders, analysts and the financial community. He brings more than 30 years of investor relations, financial markets and C-suite advisory experience, including IR leadership at Enfusion and Katapult and prior roles at Unicom Capital and AIG. Management says Wright will help expand OPENLANE’s investor profile and communicate the company’s growth strategy.

Contact details for media and investor inquiries are provided for OPENLANE.

OPENLANE (NYSE: KAR) has announced a significant stock repurchase agreement to buy back 53% of its Series A Convertible Preferred Stock for approximately $559 million. The transaction will reduce preferred shares held by Apax Partners by about 50% and Periphas Capital by approximately 80%.

The repurchase price is set at $29.70 per share of common stock on an as-converted basis, representing a negotiated market-based buyout. The transaction is expected to close between September 30 and October 20, 2025. The company's CEO highlighted OPENLANE's successful transformation since 2020, including rebranding efforts and technology advancement.

OPENLANE (NYSE: KAR), a leading digital marketplace for wholesale used vehicles, has launched Audio Boost AI, an innovative feature that enhances vehicle evaluation capabilities on its US marketplace. The AI-powered tool analyzes engine audio recordings to identify potential issues, comparing them against a database of over 1.2 million engine recordings.

The system integrates directly into vehicle condition reports, providing color-coded alerts and benchmark comparisons with normal engine sounds for over 95% of vehicles where issues are detected. This technology complements OPENLANE's existing innovations, including Visual Boost AI and Code Boost IQ launched in 2024, creating one of the industry's most comprehensive vehicle condition reporting systems.

OPENLANE (NYSE:KAR) reported strong Q2 2025 financial results with significant growth across key metrics. The company achieved revenue of $482 million, up 9% year-over-year, driven by 24% growth in auction fee revenue. Notable highlights include 21% marketplace dealer volume growth and Gross Merchandise Value of $7.5 billion, representing 10% YoY growth.

The company demonstrated robust profitability with income from continuing operations of $33 million (up 212% YoY) and Adjusted EBITDA of $87 million (up 21% YoY). Cash flow performance was strong with operating cash flow of $72 million (up 91% YoY) and Adjusted Free Cash Flow of $87 million (up 34% YoY).

OPENLANE raised its full-year 2025 guidance, increasing Adjusted EBITDA targets to $310-320 million and Operating Adjusted EPS to $1.12-1.17, reflecting confidence in its digital transformation strategy and anticipated growth from increased off-lease supply starting in 2026.