Welcome to our dedicated page for OPENLANE news (Ticker: OPLN), a resource for investors and traders seeking the latest updates and insights on OPENLANE stock.
OPENLANE, Inc. (NYSE: OPLN) is focused on digital marketplaces for wholesale used vehicles, connecting automotive manufacturers, dealers, rental companies, fleet operators, captive finance organizations and lending institutions as buyers and sellers. This news page aggregates coverage related to OPENLANE’s wholesale used vehicle platforms, auto remarketing activity and communications with the investment community.
Readers can find company announcements that describe how OPENLANE is evolving its strategy, operating model and technology roadmap for its digital marketplaces. News items may include updates on its role in off-lease remarketing, developments in the dealer-to-dealer wholesale market, and statements about how the company aims to make wholesale transactions easier, faster and more transparent for its participants.
Because OPENLANE positions itself as a leading operator of digital marketplaces for wholesale used vehicles and as an industry leader in off-lease remarketing, its news can be relevant to investors, automotive industry participants and other stakeholders who follow changes in wholesale vehicle remarketing and digital auction platforms.
This page organizes OPENLANE news in one place so users can review company press releases, branding and ticker symbol updates, and other official announcements related to its wholesale used vehicle marketplace business. For ongoing research on OPLN, users may wish to return regularly to see newly published items as the company continues to communicate about its strategy and market activity.
OPENLANE (NYSE: OPLN) announced the pricing of a registered secondary public offering of 8,000,000 shares of its common stock by Ignition Acquisition Holdings LP, a fund advised by Apax Partners. These shares stem from previously issued Series A Convertible Preferred Stock that converted to common stock in May 2026. OPENLANE is not issuing new shares and will receive no proceeds from the sale.
Subject to the offering’s completion, OPENLANE has authorized a concurrent repurchase of 727,590 shares from the underwriter at the same price paid to Ignition. The repurchase is conditioned on, and expected to close simultaneously with, the offering, which is underwritten by BofA Securities.
OPENLANE (NYSE: OPLN) announced an underwritten secondary public offering of 8,000,000 shares of its common stock to be sold by Ignition Acquisition Holdings LP, a fund advised by Apax Partners. The shares stem from Series A Convertible Preferred Stock that converted to common stock in May 2026.
OPENLANE is not issuing shares and will receive no proceeds from the sale. Subject to completion of the offering, OPENLANE intends to repurchase from the underwriter up to $25 million of the offered shares at the same price paid by the underwriter to Ignition, with the repurchase expected to close simultaneously with the offering. BofA Securities is the underwriter.
OPENLANE (NYSE: OPLN) reported second quarter 2026 results with marketplace commercial vehicles sold up 39% YoY and dealer vehicles sold up 13% YoY, including 31% growth in US dealer volumes. Gross Merchandise Value reached $10.5 billion, a 41% YoY increase. Total revenue was $555 million, up 15% YoY, driven by 21% growth in auction and related fees. Net income rose to $44 million, up 33% YoY, and Adjusted EBITDA increased to $103 million, up 19% YoY. Operating cash flow for the quarter was $53 million, and AFC contributed $46 million of Adjusted EBITDA. Cash and cash equivalents at June 30, 2026 were $189.7 million.
The company raised full‑year 2026 guidance, now expecting net income of $163–$176 million, Adjusted EBITDA of $385–$400 million, diluted EPS of $1.23–$1.33, and Operating Adjusted EPS of $1.40–$1.50.
OPENLANE (NYSE:OPLN), a digital marketplace operator for wholesale used vehicles, plans to release its Q2 2026 earnings before the market opens on Tuesday, August 4, 2026.
An earnings conference call and webcast will follow at 8:30 a.m. ET, hosted by CEO Peter Kelly and CFO Brad Herring, with access via phone and the investor relations site.
OPENLANE (NYSE: OPLN) announced that CEO Peter Kelly and CFO Brad Herring will participate in the Barclays US Auto Retail Virtual Summit: From Showroom to Shareholder on June 23, 2026, including a fireside chat at 8:10 a.m. ET. A webcast will be available on the company's investor relations website.
OPENLANE (NYSE: OPLN) appointed Kelly Tuminelli and David Hult to its Board of Directors. The company highlights their public company leadership, financial expertise and deep automotive retail experience as valuable for advancing OPENLANE's digital wholesale vehicle marketplace growth strategy and supporting long-term value for customers and shareholders.
OPENLANE (NYSE: OPLN) converted all remaining Series A Convertible Preferred Stock into approximately 17 million common shares. Following this conversion, OPENLANE reports having no preferred stock outstanding and an estimated 123.1 million common shares outstanding.
OPENLANE (NYSE: OPLN) reported Q1 2026 results: revenue $528M (+15% YoY), GMV ~$9.1B (+32% YoY), net income $49M (+33% YoY), Adjusted EBITDA $97M (+17% YoY), and operating cash flow $160M (+30% YoY). Marketplace vehicle sales grew mid-to-high teens with commercial volume up 25% YoY and dealer volume up 13% YoY. The company raised full-year guidance across net income, Adjusted EBITDA and per-share metrics on May 5, 2026.
OPENLANE (NYSE: OPLN) will release first quarter 2026 financial results before the market opens on Tuesday, May 5, 2026. The company will host an earnings conference call and live webcast the same day at 8:30 a.m. ET, hosted by CEO Peter Kelly and CFO Brad Herring. Access details include a dial-in number and a live webcast on the investor relations site; a replay will be available for a limited time.
Investor contacts and media/analyst phone and email contacts are provided for follow-up inquiries.
OPENLANE (NYSE: OPLN) will participate in the BofA 2026 Global Automotive Summit in New York City on March 18, 2026. Company executives Peter Kelly, Brad Herring and Bill Wright will appear in a fireside chat at 10:30 a.m. ET. A webcast will be available on the investor relations site.