OPLN
OPENLANE, Inc.
Next earnings Aug 4, 2026 · consensus $0.36 EPS, $538M rev
Last earnings +10.3% on 2026-05-05
$42.90
▲ +8.22%$42.90▲ +89.74%
over 1Y
L $22.61EODHDH $42.90
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+8.2%
1W+11.3%
1M+16.3%
3M+60.4%
YTD+46.9%
1Y+89.7%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 15 analysts
Buy
OPENLANE is a cash-generative digital wholesale used-vehicle marketplace at a reasonable 2.2x sales with a tangible off-lease tailwind starting 2026.
Revenue $1.93B · FY2025
OPENLANE (formerly KAR) runs the leading digital marketplace for wholesale used vehicles in the U.S., Canada and Europe, facilitating ~1.5M annual transactions on $28.8B of GMV in 2025 — a genuine platform business with network effects rather than a capex-heavy auction operator. The fundamentals are healing: revenue grew from $1.45B (FY2021) to $1.93B (FY2025), net income recovered from a -$154M loss in FY2023 to $178M in FY2025 (+61.7% YoY), and operating cash flow jumped 33.8% to $392M against just $55M of capex. Net margin (9.2%), ROE (14.3%) and the $45.6M buyback (up 52%) suggest management is converting the operating recovery into shareholder value.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.45B | $1.53B | $1.70B | $1.79B | $1.93B |
| Gross profit | — | — | — | — | — |
| Operating income | $128M | $94.7M | -$136M | $182M | $197M |
| Net income | $66.5M | $241M | -$154M | $110M | $178M |
| Diluted EPS | $0.16 | $1.30 | -$1.82 | $0.45 | -$0.96 |
| Net margin | 4.6% | 15.8% | -9.1% | 6.1% | 9.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$4.95B
EV / EBITDA17.2
EV / Sales2.6
EV / FCF14.7
P / FCF13.6
PEG (trailing)—
Earnings yield3.9%
FCF yield7.4%
Quality & risk
ROIC (est.)8.7%
Free cash flow$337M
Total debt$536M
Net cash-$394M
Piotroski F-Score7/8
Capital returns
Buyback yield1.0%
Dividend yield (est.)0.0%
Shareholder yield1.0%
Shares Δ YoY-0.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Officer / director change2026-06-12
Officer/director change disclosed under Item 5.02; leadership transition signal.
- 8-K Shareholder vote2026-06-08
Annual meeting voting results filed; routine governance outcome.
- 8-K Charter / bylaws change2026-05-29
Bylaw/charter amendment filed; governance update with no operational impact.
- 8-K Earnings results2026-05-05
Q1 2026 10-Q filed; off-lease tailwind narrative reaffirmed for 2026+.
- 10-Q Quarterly report2026-05-05
Q1 2026 10-Q filed; off-lease tailwind narrative reaffirmed for 2026+.
- DEF 14A Proxy statement2026-04-24
2026 proxy: routine director slate, say-on-pay, auditor ratification.
- 8-K Reg FD disclosure2026-03-03
Reg FD investor disclosure (likely conference/presentation materials).
- 8-K Earnings results2026-02-18
FY25 10-K: OCF $392M (+34%), buybacks $46M, debt refi cuts current portion 97%.
- 10-K Annual report2026-02-18
FY25 10-K: OCF $392M (+34%), buybacks $46M, debt refi cuts current portion 97%.
Recent filings
all on EDGAR ↗3Period ending 2026-06-122026-06-16open ↗8-KPeriod ending 2026-06-092026-06-12open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗4Period ending 2026-06-052026-06-08open ↗8-KPeriod ending 2026-06-052026-06-08open ↗3Period ending 2026-06-052026-06-08open ↗SCHEDULE 13D/AFiling2026-06-01open ↗
Frequently asked
- Is OPENLANE, Inc. (OPLN) a buy?
- OPLN currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. OPENLANE is a cash-generative digital wholesale used-vehicle marketplace at a reasonable 2.2x sales with a tangible off-lease tailwind starting 2026.
- What is OPENLANE, Inc.'s quality score?
- OPLN scores 75.49019607843137/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001395942, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/25/2026, 12:57:13 PM.
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