Welcome to our dedicated page for OPENLANE news (Ticker: KAR), a resource for investors and traders seeking the latest updates and insights on OPENLANE stock.
News and updates for OPENLANE, Inc. (NYSE: KAR) focus on its role as an operator of digital marketplaces for wholesale used vehicles and on developments that affect its business, technology and capital structure. Company news releases highlight how OPENLANE connects automotive manufacturers, dealers, rental companies, fleet operators, captive finance companies and lending institutions as buyers and sellers in its marketplaces.
Investors and industry participants following KAR news will see regular coverage of quarterly financial results, including marketplace dealer volume growth, gross merchandise value (GMV), revenue trends, income from continuing operations, Adjusted EBITDA and cash flow metrics. These earnings announcements are often accompanied by updated guidance ranges for income from continuing operations, Adjusted EBITDA and Operating Adjusted EPS, as well as information about earnings conference calls and supplemental financial materials.
OPENLANE’s news also includes announcements about new technology features and tools on its marketplaces. For example, the company has publicized the launch of Audio Boost AI, an AI-powered feature embedded in vehicle condition reports that analyzes engine audio recordings, highlights potential issues and provides sample recordings of comparable "normal" engines. The company notes that Audio Boost AI builds on Visual Boost AI and Code Boost IQ, which were introduced earlier to enhance vehicle condition reporting.
Capital markets and corporate finance developments are another recurring theme. OPENLANE has issued news about Preferred Stock Repurchase Agreements for its Series A Convertible Preferred Stock, the closing and cancellation of repurchased shares, and the establishment of incremental term loans under its Credit Agreement to finance these transactions. The company has also announced changes to its ticker symbol, stating that it will move from "KAR" to "OPLN" on the New York Stock Exchange to align its investor and corporate brands.
Visitors to this news page can review these types of announcements to understand how OPENLANE’s financial performance, technology initiatives and financing activities are evolving over time. The news feed provides a centralized view of official company communications relevant to shareholders, analysts and participants in the wholesale used vehicle industry.
OPENLANE (NYSE: OPLN) announced OPENLANE Intelligence, a unified framework that integrates the company's human-driven, AI-enhanced data and technology capabilities across its wholesale used-vehicle marketplace.
The framework powers existing features—like AI exterior damage detection, OBD2 scan translation with color-coded output, and AI-assisted engine-audio anomaly detection—and will expand to address inventory management, operational efficiency and pricing confidence.
OPENLANE (NYSE:KAR) announced it will change its NYSE ticker symbol to OPLN effective at the open of trading on December 26, 2025. The company said no action is required by stockholders. The change aligns the investor ticker with the OPENLANE corporate brand after a rebrand two and a half years ago.
Management highlighted that OPENLANE has transformed its business, technology and customer experience and continues to grow volumes and market share in off-lease remarketing and the dealer-to-dealer market.
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.
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