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: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.
OPENLANE (NYSE: KAR), a leading digital marketplace operator for wholesale used vehicles, has scheduled its second quarter 2025 earnings release for Wednesday, August 6, 2025, before market open.
The company will host an earnings conference call and webcast at 8:30 a.m. ET on the same day, featuring CEO Peter Kelly and CFO Brad Herring. Investors can access the call by dialing 1-833-634-2155 or view the live webcast through the investor relations section of corporate.openlane.com.
OPENLANE (NYSE: KAR) has appointed Brad Herring as EVP and Chief Financial Officer, effective May 27, 2025. Herring brings over 30 years of experience in financial operations, investor relations, and business development to the digital marketplace for wholesale used vehicles.
Herring will lead all financial, reporting, and investor-facing functions, including capital investment strategy, reporting directly to CEO Peter Kelly. His previous experience includes CFO positions at notable companies like Enfusion (NYSE:ENFN), Shift4 Payments (NYSE:FOUR), and Elavon, along with leadership roles at Equifax, Delta Air Lines, and ING North America.
The appointment aligns with OPENLANE's vision to build the world's greatest digital marketplace for used vehicles, leveraging Herring's expertise in improving financial performance and strengthening investor relations.
OPENLANE (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has scheduled its first quarter 2025 financial results release for Wednesday, May 7, 2025 after market close.
The company will host an earnings conference call and webcast at 5:00 p.m. ET on the same day. Investors can access the conference call by dialing 1-833-634-2155 and requesting to join the OPENLANE call. A live webcast will be available through the investor relations section of corporate.openlane.com, with a replay option available for a time after the call.
OPENLANE (NYSE: KAR) reported strong Q4 and full-year 2024 results, with notable growth in its marketplace business. Q4 highlights include a 9% YoY marketplace volume growth, with dealer volumes up 15%, consolidated revenue of $455 million (+12% YoY), and consolidated Adjusted EBITDA of $73 million (+18% YoY).
Full-year 2024 performance showed consolidated revenue of $1,789 million (+5% YoY), consolidated income from continuing operations of $110 million, and Adjusted EBITDA of $293 million (+8% YoY). The company's Gross Merchandise Value reached approximately $27 billion, representing a 12% YoY growth. The marketplace segment demonstrated particularly strong performance with Adjusted EBITDA of $135 million, up 24% YoY.
OPENLANE (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has scheduled its fourth quarter and full year 2024 earnings release for Wednesday, February 19, 2025, after market close. The company will host an earnings conference call and webcast at 5:00 p.m. ET on the same day.
The earnings call will be led by CEO Peter Kelly and CFO Brad Lakhia. Interested parties can access the call by dialing 1-833-634-2155 and requesting to join the OPENLANE call. A live webcast will be available on the company's investor relations website, with a replay available for a time after the event.
OPENLANE (NYSE: KAR), a leading digital marketplace operator for wholesale used vehicles, announces a virtual Investor Update scheduled for Tuesday, November 19, 2024, from 10:00 a.m. to 10:45 a.m. ET. CEO Peter Kelly and leadership team members will present the company's strategy and provide enhanced disclosures about their finance business (AFC), followed by an interactive Q&A session.
The event will be accessible via video webcast through the company's investor relations website, with pre-registration available. A replay and supplemental slide deck will be provided post-event.
OPENLANE (NYSE: KAR) reported strong Q3 2024 financial results with total revenue of $448 million, up 8% YoY. The company achieved income from continuing operations of $28 million and adjusted EBITDA of $75 million, representing 10% YoY growth. Marketplace segment showed notable performance with revenue of $354 million (12% YoY growth) and adjusted EBITDA of $36 million (34% YoY growth). The company generated $260 million in year-to-date operating cash flow and increased its Gross Merchandise Value by 12% to nearly $7 billion. The board authorized a $5 million increase in share repurchase program, extending it through December 2025.
OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has announced it will release its third quarter 2024 financial results after the market closes on Wednesday, Nov. 6, 2024. The company will host an earnings conference call and webcast at 5:00 p.m. ET on the same day.
The call will be hosted by OPENLANE Chief Executive Officer Peter Kelly and Chief Financial Officer Brad Lakhia. Interested parties can access the call by dialing 1-833-634-2155 and asking to join the OPENLANE call. A live webcast will be available on the investor relations section of corporate.openlane.com. Following the call, an archive of the webcast will be available for replay on the same website for a time.
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