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Openlane(NYSE) KAR

Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2009)+849%
5 Year+105%
1 Year+23%
1 Month-11%
N/A
Openlane last closing stock price
MetricPriceDate
Last closeUSD 34.422026-08-19
Openlane stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.58%USD 35.332026-08-12
1 month-10.69%USD 38.542026-07-20
3 month-1.8%USD 35.052026-05-21
Year to date+15.58%USD 29.782025-12-31
1 year+22.53%USD 28.092025-08-19
3 year+127.8%USD 15.112023-08-18
5 year+104.88%USD 16.802021-08-20
Since inception+848.94%USD 3.632009-12-11

Openlane Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.08B

Net Income (TTM)

$189.30M

EPS (TTM)

N/A

P/E Ratio

N/A

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Nov 5, 2025

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About Openlane

OPENLANE helps car dealers buy and sell used vehicles online. It connects car makers, rental companies, and lenders on one platform. The company also provides short-term loans to help dealers buy inventory.

Connecting Buyers and Sellers

  • Marketplace Services: Digital platforms for buying and selling wholesale used vehicles; represented approximately 81% of revenue in the second quarter of 2026.
  • Finance Solutions: Short-term, inventory-secured loans for independent vehicle dealers, also known as floorplan financing; accounted for roughly 19% of revenue in the second quarter of 2026.
  • Ancillary Services: Transportation logistics, reconditioning, and vehicle inspections for marketplace participants; categorized within Marketplace segment revenue.
  • SaaS Solutions: Software as a service tools that allow commercial customers to offer vehicles for sale; included in Marketplace segment revenue.

Strategic Moves and Growth

  • Acquired Manheim Canada in December 2023 to expand the company's vehicle logistics center footprint.
  • Launched the OPENLANE platform, a mobile application for dealerships to source and sell inventory.
  • Onboarded a new private label customer during the first half of 2026.
  • Repurchased and retired all Series A Preferred Stock by the second quarter of 2026.

A High-Tech Approach to Resale

The company operates vehicle logistics centers in Canada to support its digital marketplace operations across North America and Europe. It facilitates transactions for major automotive manufacturers and large commercial fleet operators through its private label software solutions.

The Latest Numbers

  • Total operating revenues rose 15% to $554.6 million for the three months ended June 30, 2026.
  • Net income reached $44.3 million for the second quarter of 2026, compared with $33.4 million in the same period of 2025.
  • Total vehicles sold increased 27% to 481,000 units during the three-month period ended June 30, 2026.
  • Gross merchandise value, representing the total dollar value of vehicles sold, hit $10.5 billion in the second quarter of 2026.

Bottom Line

OPENLANE transitioned from physical auctions to a digital-first platform for wholesale vehicle remarketing. This shift and its integrated financing services allow the company to support the entire vehicle resale lifecycle.

AI Generated • Aug 5, 2026

Industry

Commercial Services and Supplies

Employees

4,800

CEO

Peter J. Kelly, MBA

Headquarters

Carmel, IN 46032, US

KAR Financials

Key Financial Metrics (TTM)

Gross Margin

42.53%

Operating Margin

17.34%

Net Income Margin

9.67%

Return on Equity

13.88%

Return on Capital

6.64%

Return on Assets

4.01%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

10.82%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

N/A

Volume

N/A

Avg. Volume

N/A

Financials (TTM)

Gross Profit

$978.30M

Operating Income

$238.80M

EBITDA

$380.40M

Operating Cash Flow

$410.10M

Capital Expenditure

-$56.20M

Free Cash Flow

$353.90M

Cash & ST Invst.

$189.70M

Total Debt

$585.50M

Openlane Performance Analysis

Openlane annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,519,400,0004.7%
20232023-12-31USD 1,695,700,00011.6%
20242024-12-31USD 1,788,500,0005.5%
20252025-12-31USD 1,934,500,0008.2%
Openlane sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-303.5%
Q42025-12-31-0.8%
Q12026-03-316.8%
Q22026-06-305.1%
Openlane annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2.76N/A
20232023-12-31USD -1.82-34.0%
20242024-12-31USD 0.45N/A
20252025-12-31USD -0.96N/A
Openlane sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3066.7%
Q42025-12-31120.0%
Q12026-03-31-36.4%
Q22026-06-30-8.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$554.60M

+15.1%

Gross Profit

$248.20M

+23.9%

Gross Margin

44.75%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

4,080

N/A

Net Income

$44.30M

+32.6%

EBITDA

$93.40M

+20.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$189.70M

+59.3%

Total Debt

$585.50M

+930.8%

Accounts Receivable

$3.01B

+13.2%

Inventory

$0.00

N/A

Long Term Debt

$580.00M

+921.1%

Short Term Debt

$5.50M

-99.7%

Return on Assets

4.01%

N/A

Return on Invested Capital

16.69%

N/A

Free Cash Flow

$39.00M

-32.1%

Operating Cash Flow

$52.80M

-26.3%

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Questions About KAR

What is the current price of Openlane?

Openlane is trading at N/A per share.

What is the 52-week range for Openlane?

Over the past 52 weeks, Openlane has traded between N/A and N/A.

How much debt does Openlane have?

As of the most recent reporting period, Openlane reported total debt of $2.47B.

How much cash does Openlane have on hand?

Openlane reported $217.80M in cash and cash equivalents in its most recent financial results.

What is Openlane’s dividend yield?

Openlane does not currently have a dividend yield.

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