OPLN on NYSE

OPENLANE, Inc.

American retail-auto dealers and gasoline stations company based in Wilmington.

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Last updated Oct 18, 2026.

Overview

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  • TickerOPLN on NYSE
  • IndustryRetail-Auto Dealers & Gasoline Stations
  • HeadquartersWilmington, United States
  • Incorporated inDE2
  • Business address11299 N. Illinois Street, Carmel, In 460322
  • Filer categoryLarge accelerated filer2

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.2%Operating margin3
9.2%Net margin3
8.2%Revenue growth, 20253
14.3%Return on equity3
0.43×Debt to equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Auction and Related Fees brought in 43% of the revenue OPENLANE, Inc. broke down this way in fiscal 2025.

  1. Auction and Related Fees$833.5M343%up 13% from 2024
  2. Finance revenue$433.7M322%up 1% from 2024
  3. Purchased vehicle sales$410.2M321%up 25% from 2024
  4. SaaS and Other Revenue$257.1M313%down 13% from 2024
Products and services by year
Products and services202320242025
Auction and Related Fees$635.3M$735.3M$833.5M
Finance revenue$444.0M$431.1M$433.7M
Purchased vehicle sales$236.7M$327.0M$410.2M
SaaS and Other Revenue$379.7M$295.1M$257.1M

Business segments

Marketplace brought in 78% of the revenue OPENLANE, Inc. broke down this way in fiscal 2025.

  1. Marketplace$1.5B378%up 11% from 2024
  2. Finance$433.7M322%up 1% from 2024
Business segments by year
Business segments202320242025
Marketplace$1.3B$1.4B$1.5B
Finance$444.0M$431.1M$433.7M

Regions

United States brought in 57% of the revenue OPENLANE, Inc. broke down this way in fiscal 2025.

  1. United States$1.1B357%up 5% from 2024
  2. Outside the United States$825.3M343%up 12% from 2024
Regions by year
Regions202320242025
United States$1.1B$1.1B$1.1B
Outside the United States$627.6M$734.8M$825.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin23¢$445.2M
  • Other costs66¢$1.3B
  • Interest1¢$18.1M
  • Income tax1¢$14.5M
  • Profit9¢$177.7M

Out of $1.9B in revenue.3

Financial statements

Revenue45673$1.9B in 2025−30% since 2019
0$1.0B$2.0B$3.0B2019: $2.8B$2.8B20192020: $1.3B$1.3B2020−52%2021: $1.5B$1.5B2021+9%2022: $1.5B$1.5B2022+5%2023: $1.7B$1.7B2023+11%2024: $1.8B$1.8B2024+5%2025: $1.9B$1.9B2025+8%
Operating income45673$196.6M in 2025−37% since 2019
-$200.0M0$200.0M$400.0M2019: $314.1M$314.1M20192020: $69.2M$69.2M2020−78%2021: $127.5M$127.5M2021+84%2022: $94.7M$94.7M2022−26%2023: -$135.8M-$135.8M20232024: $182.2M$182.2M20242025: $196.6M$196.6M2025+8%
Net income45673$177.7M in 2025−6% since 2019
-$200.0M-$100.0M0$100.0M$200.0M$300.0M2019: $188.5M$188.5M20192020: $500.0K$500.0K2020−100%2021: $66.5M$66.5M2021+13200%2022: $241.2M$241.2M2022+263%2023: -$154.1M-$154.1M20232024: $109.9M$109.9M20242025: $177.7M$177.7M2025+62%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.3

Period ending2025-12-312024-12-312023-12-31
Operating revenues$1.9B$1.8B$1.7B
Cost of services (exclusive of depreciation and amortization)$1.0B$956.3M$867.6M
Finance interest expense$109.9M$123.5M$130.6M
Provision for credit losses$42.4M$54.3M$59.2M
Selling, general and administrative$445.2M$408.6M$421.8M
Depreciation and amortization$91.7M$95.2M$101.5M
Gain on sale of business$0-$31.6M$0
Loss on sale of property$7.0M$0$0
Goodwill and other intangibles impairment$0$0$250.8M
Total operating expenses$1.7B$1.6B$1.8B
Operating profit (loss)$196.6M$182.2M-$135.8M
Interest expense$18.1M$21.8M$25.2M
Other (income) expense, net-$13.7M$2.5M-$15.6M
Loss on extinguishment of debt$0$0$1.1M
Income (loss) from continuing operations before income taxes$192.2M$157.9M-$146.5M
Income taxes$14.5M$48.0M$8.3M
Income from discontinued operations, net of income taxes$0$0$700.0K
Net income (loss)$177.7M$109.9M-$154.1M
Income (loss) from continuing operations$177.7M$109.9M-$154.8M
Series A Preferred Stock dividends (including deemed dividends)-$280.8M-$44.4M-$44.4M
Income from continuing operations attributable to participating securities$0-$16.3M$0
Income (loss) from continuing operations attributable to common stockholders-$103.1M$49.2M-$199.2M
Income (loss) from continuing operations-$1$0-$2
Income from discontinued operations$0$0$0
Net income (loss)-$0.96$0.46-$1.82
Income (loss) from continuing operations-$1$0-$2
Income from discontinued operations$0$0$0
Net income (loss)-$0.96$0.45-$1.82

Compare OPENLANE, Inc. with another company

Leadership

Who has led OPENLANE, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (47)

Former names

  • KAR Auction Services, Inc.Oct 14, 2009 to May 12, 20232
  • KAR Holdings, Inc.Jan 25, 2008 to Oct 28, 20092

Timeline

  1. May 9, 2014New chief executive John W. Kett becomes CEO13
  2. Apr 8, 2014New chief executive John C. Hammer becomes CEO12
  3. Jan 10, 2014New chief executive Hilaire Stephane St. becomes CEO11
  4. Oct 7, 2011New chief executive Kelly Peter becomes CEO14
  5. Dec 10, 2009New chief executive Donald S. Gottwald becomes CEO15
  6. Dec 10, 2009New chief executive James P. Hallett becomes CEO16
  7. Dec 10, 2009New chief executive Thomas C. Obrien becomes CEO17
  8. Dec 10, 2009New chief executive Thomas J. Caruso becomes CEO18
  9. Nov 9, 2006Founded OPENLANE, Inc. is founded71

Filings

347 filings to the SEC since October 2021: 5 annual reports, 18 quarterly reports, 56 major events, 199 insider forms, 30 large holders, 39 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Oct 1, 20264 EDGAR
  3. Sep 28, 20268-K FORM 8-K - SECURITIZATION AMENDMENTS EDGAR
  4. Aug 26, 20264 EDGAR
  5. Aug 13, 20264 EDGAR
  6. Aug 13, 2026SCHEDULE 13D/A EDGAR
  7. Aug 13, 20268-K EDGAR
  8. Aug 13, 2026424B7 EDGAR
  9. Aug 12, 2026SCHEDULE 13G/A EDGAR
  10. Aug 11, 2026FWP EDGAR
  11. Aug 10, 20264 EDGAR
  12. Aug 6, 20264 EDGAR
  13. Aug 4, 202610-Q FORM 10-Q - JUNE 30, 2026 EDGAR
  14. Aug 4, 20268-K FORM 8-K - EARNINGS MATERIALS EDGAR
  15. Jul 1, 20264 EDGAR
  16. Jun 16, 20263 EDGAR
  17. Jun 12, 20268-K FORM 8-K - NEW BOARD MEMBER EDGAR
  18. Jun 8, 20264 EDGAR
  19. Jun 8, 20264 EDGAR
  20. Jun 8, 20264 EDGAR

The 347 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 30 such filings since October 2021, the latest 10:

  1. Oct 8, 2026SCHEDULE 13G/A
  2. Aug 13, 2026SCHEDULE 13D/A
  3. Aug 12, 2026SCHEDULE 13G/A
  4. Jun 1, 2026SCHEDULE 13D/A
  5. Apr 30, 2026SCHEDULE 13G
  6. Apr 29, 2026SCHEDULE 13G
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Feb 12, 2026SCHEDULE 13G/A
  9. Feb 12, 2026SCHEDULE 13G
  10. Oct 8, 2025SCHEDULE 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.16,005,588$660.1M0.0%+523,290
Dimensional Fund Advisors LP6,534,272$269.5M0.0%−193,678
Vanguard Portfolio Management LLC6,039,351$249.1M0.0%−49,879
Hawk Ridge Capital Management LP4,967,144$204.8M6.7%No change
Bank Of Montreal /can/4,784,044$197.3M0.1%−1,631,572
Vanguard Capital Management LLC4,774,009$196.9M0.0%−5,607
State Street Corp4,251,435$175.3M0.0%+173,837
Neuberger Berman Group LLC3,745,361$154.6M0.1%+223,805
Geode Capital Management, LLC2,711,088$111.8M0.0%+134,621
American Century Companies Inc2,673,690$110.3M0.0%+43,382
Brown Advisory Inc2,019,137$83.3M0.1%−148,168
Invesco Ltd.1,870,693$77.1M0.0%+183,375
Fmr LLC1,839,340$75.9M0.0%+224,803
Morgan Stanley1,718,880$70.9M0.0%−158,239
Advisory Research Inc1,533,557$63.2M6.3%+251,945
Nuveen, LLC1,533,198$63.2M0.0%+819,921
Driehaus Capital Management LLC1,515,210$62.5M0.4%+947,011
Northern Trust Corp1,466,906$60.5M0.0%−16,317
Charles Schwab Investment Management Inc1,441,429$59.4M0.0%−59,424
No Street GP LP1,350,000$55.7M3.3%No change
Jpmorgan Chase & Co1,252,540$52.2M0.0%+927,585
Woodline Partners LP1,167,458$48.1M0.1%−640,162
Park West Asset Management LLC1,124,348$46.4M3.2%−121,515
Fuller & Thaler Asset Management, Inc.1,063,762$43.9M0.1%New
Mawer Investment Management Ltd.1,000,262$41.3M0.3%−84,413

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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