Welcome to our dedicated page for OPENLANE SEC filings (Ticker: KAR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for OPENLANE, Inc. (NYSE: KAR) provides access to the company’s official regulatory disclosures, including current reports on Form 8-K and other documents filed with the U.S. Securities and Exchange Commission. These filings offer detailed information about OPENLANE’s financial results, financing arrangements, capital structure changes and other material events affecting its digital marketplaces for wholesale used vehicles.
OPENLANE uses Form 8-K filings to report quarterly financial results, such as income from continuing operations, operating revenues by category (auction fees, service revenue, purchased vehicle sales and finance revenue), operating expenses and non-GAAP measures like EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Free Cash Flow and operating adjusted income from continuing operations. Exhibits to these filings often include press releases, supplemental financial information and earnings slides that expand on the company’s performance and guidance.
Filings also document significant financing and capital structure transactions. For example, OPENLANE has reported Preferred Stock Repurchase Agreements for its Series A Convertible Preferred Stock with affiliates of Apax Partners US, LLC and Periphas Kanga Holdings, LP, the closing and cancellation of the repurchased shares, and a Second Amendment Agreement to its Credit Agreement that established $550,000,000 in incremental term loans. Another filing describes an amendment to a Canadian Receivables Purchase Agreement involving Automotive Finance Canada Inc., a subsidiary of OPENLANE, which increased the program limit from C$375 million to C$500 million.
Through these SEC documents, investors can track how OPENLANE manages its capital structure, including preferred stock repurchases, secured term loans and receivables financing programs. The filings also confirm that OPENLANE’s common stock, par value $0.01 per share, is listed on the New York Stock Exchange under the symbol KAR and describe plans to change the ticker symbol to OPLN. Stock Titan’s platform surfaces these filings as they are posted to EDGAR and can pair them with AI-powered summaries that explain key terms, financial impacts and structural changes in clear language, helping readers interpret complex agreements and financial disclosures more efficiently.
OPENLANE, Inc. director compensation activity was reported for KAR in a Form 4. On 12/31/2025, the reporting person received 777 shares of common stock at $29.78 per share. These shares were issued in lieu of the director’s quarterly cash retainer for board and committee service, meaning the director took stock instead of cash. After this grant, the director beneficially owned 38,305 shares of OPENLANE, Inc. common stock held directly.
OPENLANE, Inc. insider activity: The company’s Chief Executive Officer and director reported the conversion of 3,413 restricted stock units into common stock on 12/05/2025, at an exercise price of $0 per share. On the same date, 3,413 shares of common stock were withheld at a price of $26.14 per share to cover FICA taxes due in the year the executive reaches retirement eligibility, resulting in 471,545.263 common shares beneficially owned directly after the transactions.
The filing also shows 163,892 restricted stock units beneficially owned directly after the reported transaction. These units convert into common stock on a 1-for-1 basis and remain subject to time-based vesting. According to the schedule, 53,906 units vest on February 21, 2026, 54,217 units vest on February 21, 2027, and the remaining 55,769 units vest on February 21, 2028, assuming continued employment through each applicable vesting date.
OPENLANE, Inc. executive Charles S. Coleman, EVP, CLO & Secretary, reported option exercises and share sales in the company’s stock. On 12/02/2025, he exercised employee stock options to buy 29,354 shares of common stock at an exercise price of $18.23 per share, and separately exercised options for another 58,708 shares at the same price.
On the same date, Coleman sold 29,354 shares of common stock at a weighted average price of about $25.997 per share and sold another 58,708 shares at a weighted average price of about $25.996 per share, with individual trades occurring within the price ranges disclosed in the footnotes. After these transactions, he reported beneficial ownership of about 53,474.483 shares of common stock held directly and 58,709 employee stock options outstanding, which are scheduled to vest over time based on continued service and specified stock price hurdles.
A holder of KAR common stock filed a notice of proposed sale under Rule 144. The filing covers the planned sale of 88,062 common shares through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $2,277,283.32. The filing notes that 106,263,187 shares of the same class were outstanding at the time of the notice, providing context for the size of the sale.
The shares to be sold were acquired on 12/02/2025 through an option granted on 06/04/2021, and the consideration for the acquisition was paid in cash. By signing the notice, the seller represents that they are not aware of any undisclosed material adverse information about the issuer’s current or future operations.
OPENLANE, Inc., through its subsidiary Automotive Finance Canada Inc. (AFCI), entered into Amendment No. 3 to its Canadian Receivables Purchase Agreement, increasing the Program Limit from C$375 million to C$500 million with lender groups led by Bank of Montreal and Royal Bank of Canada. This change expands the size of the receivables-backed funding program available to AFCI in Canada, which is structured as an off-balance sheet arrangement. The amendment is described as a material definitive agreement and is also reported as the creation of a direct financial obligation or obligation under an off-balance sheet arrangement.
OPENLANE, Inc. (KAR): Form 4 insider activity EVP & President, Marketplace reported equity transactions on 11/08/2025. 4,287 shares of common stock were acquired via RSU vesting (code M, price $0), and 1,889 shares were withheld (code F) at $25.10 to cover taxes. Following these transactions, the officer beneficially owns 39,408.96 common shares. The filing notes holdings include shares acquired under the Employee Stock Purchase Plan.
RSU details: each unit converts 1-for-1 into common stock. 8,574 RSUs remain, scheduled to vest in equal tranches on 11/08/2026 and 11/08/2027, after one-third vested on 11/08/2025, subject to continued employment.
OPENLANE (KAR) reported stronger Q3 results. Total revenue rose to $498.4M from $459.8M, lifting operating profit to $55.0M from $42.5M. Net income increased to $47.9M from $28.4M, with diluted EPS of $0.25 versus $0.12. The effective tax rate fell to 14.6% from 31.6%, reflecting changes under the One Big Beautiful Bill Act.
Marketplace performance improved with revenue of $389.4M and 372,000 vehicles sold (up from 359,000). GMV reached $7.3B, up from $6.7B. Finance segment revenue was $109.0M, while finance interest expense and provision for credit losses were $28.1M and $9.7M, respectively. Year-to-date operating cash flow was $266.4M.
Balance sheet and capital actions: Cash was $119.3M. The company repaid $210.0M of senior notes in Q2; period-end long-term debt primarily comprised $23.8M of European lines of credit. Under its 2025 program, OPENLANE repurchased 1.46M shares year-to-date at a $24.35 average, with $214.4M remaining authorization. Subsequent to quarter-end, the company closed $550.0M incremental term loans due 2032 to fund $558.9M repurchases of Series A preferred stock.
OPENLANE, Inc. (KAR) reported its third‑quarter 2025 results and posted financial updates for the three and nine months ended September 30, 2025. The company is hosting an earnings conference call and webcast on November 5, 2025 at 8:30 a.m. Eastern Time.
Investors can join by calling 1-833-634-2155 and requesting the OPENLANE call, or via the webcast on the investor relations page at corporate.openlane.com. The company furnished a press release (Exhibit 99.1), supplemental financial information (Exhibit 99.2), and earnings slides (Exhibit 99.3), which are incorporated by reference.
KAR filed a prospectus supplement updating its resale registration to reflect changes in selling stockholders after a distribution from Periphas Kanga Holdings, LP. The selling stockholders may, from time to time, sell shares of Series A Convertible Preferred Stock and the common stock issuable upon conversion, and the company states it will not receive any proceeds from these sales.
Examples include SKM, LLC offering 11,023 shares of Series A Preferred Stock and 621,014 shares of common stock, and Jeffrey Dodge offering 163 shares of Series A Preferred Stock and 9,183 shares of common stock. Shares of common stock outstanding were 106,303,637 as of July 31, 2025. KAR’s common stock trades on the NYSE under “KAR,” while the Series A Preferred Stock is not listed.
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