Company research
OPENLANE, Inc.
CIK 1395942Updated Sep 26, 2026
SecurityOPLN · NYSE · equity
Name history
KAR Auction Services, Inc. · through May 12, 2023KAR Holdings, Inc. · through Oct 28, 2009
OPLN price & chart
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NYSE:OPLN on TradingView ↗About the company
OPENLANE, Inc. (NYSE: KAR) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines. For more information and the latest OPENLANE news, visit corporate.openlane.com.
In the news
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Recent filings
4 filing
Other Events
Items 8.01, 9.01
424B7 filing
FWP filing
4 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,724,300,000Source | 4,622,300,000Source | 4,726,300,000Source | 5,119,800,000Source |
| Property, Plant and Equipment, NetUSD | 104,200,000Source | 149,300,000Source | 169,800,000Source | 123,600,000Source |
| GoodwillUSD | 1,243,500,000Source | 1,222,900,000Source | 1,271,200,000Source | 1,464,500,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 141,500,000Source | 143,000,000Source | 93,500,000Source | 225,700,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 314,100,000Source | 248,200,000Source | 291,800,000Source | 270,700,000Source |
| Assets, CurrentUSD | 3,011,600,000Source | 2,851,500,000Source | 2,841,900,000Source | 3,022,400,000Source |
| Operating Lease, Right-of-Use AssetUSD | 57,900,000Source | 67,100,000Source | 75,900,000Source | 84,800,000Source |
| Other Assets, NoncurrentUSD | 61,600,000Source | 53,000,000Source | 49,900,000Source | 57,300,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,100,000Source | 1,100,000Source | 1,100,000Source | 1,100,000Source |
| Retained Earnings (Accumulated Deficit)USD | 586,700,000Source | 689,800,000Source | 624,400,000Source | 822,900,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -39,900,000Source | -69,100,000Source | -36,700,000Source | -49,500,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,240,700,000Source | 1,342,700,000Source | 1,327,000,000Source | 1,518,300,000Source |
| Additional Paid in Capital, Common StockUSD | 692,800,000Source | 720,900,000Source | 738,200,000Source | 743,800,000Source |
| Liabilities and EquityUSD | 4,724,300,000Source | 4,622,300,000Source | 4,726,300,000Source | 5,119,800,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,603,900,000Source | 2,565,500,000Source | 2,478,800,000Source | 2,643,200,000Source |
| Operating Lease, Liability, CurrentUSD | 9,700,000Source | — | — | — |
| Accounts Payable, CurrentUSD | 665,800,000Source | 547,600,000Source | 556,600,000Source | 551,200,000Source |
| Operating Lease, Liability, NoncurrentUSD | 53,000,000Source | 60,400,000Source | 70,400,000Source | 79,700,000Source |
| Deferred Income Tax Liabilities, NetUSD | 600,000Source | 24,400,000Source | 20,900,000Source | 54,000,000Source |
| Other Liabilities, NoncurrentUSD | 6,200,000Source | 16,800,000Source | 14,300,000Source | 6,800,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | 19,900,000Source | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 5,500,000Source | 222,500,000Source | 154,600,000Source | 288,700,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 530,100,000Source | 0Source | 202,400,000Source | 205,300,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 91,700,000Source | 95,200,000Source | 101,500,000Source | 100,200,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 14,600,000Source | 14,700,000Source | 16,500,000Source | 16,600,000Source |
| Deferred Income Tax Expense (Benefit)USD | -31,900,000Source | 1,700,000Source | -29,800,000Source | -2,300,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 103,000,000Source | 400,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 6,700,000Source | 3,500,000Source | 2,600,000Source | 2,700,000Source |
| Payments for Repurchase of Common StockUSD | 45,600,000Source | 30,000,000Source | 22,200,000Source | 182,200,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | 0Source |
| Repayments of Long-term DebtUSD | 210,000,000Source | 0Source | 0Source | 928,600,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,700,000Source | 24,800,000Source | -118,800,000Source | 74,300,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 185,400,000Source | 183,700,000Source | 158,900,000Source | 277,700,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 115,400,000Source | — | — | — |
| Income Taxes Paid, NetUSD | 40,400,000Source | 36,600,000Source | 35,800,000Source | 25,600,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 16,700,000Source | -21,800,000Source | 9,200,000Source | -19,400,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 14,600,000Source | 14,700,000Source | 16,500,000Source | 16,600,000Source |
| Amortization of Debt Issuance CostsUSD | 8,900,000Source | 9,100,000Source | 8,700,000Source | 10,700,000Source |
| Amortization of Intangible AssetsUSD | 79,200,000Source | 81,500,000Source | 87,700,000Source | 83,600,000Source |
| DepreciationUSD | 12,500,000Source | 13,700,000Source | 13,800,000Source | 16,600,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | 3,700,000Source | — |
| Financing Interest ExpenseUSD | 109,900,000Source | 123,500,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 9,300,000Source | -5,800,000Source | 2,900,000Source | -2,500,000Source |
| Gain (Loss) on InvestmentsUSD | 0Source | 400,000Source | -400,000Source | -7,100,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | 31,600,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -7,000,000Source | 0Source | 0Source | 33,900,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -1,100,000Source | -17,200,000Source |
| GoodwillUSD | 1,243,500,000Source | 1,222,900,000Source | 1,271,200,000Source | 1,464,500,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | 250,800,000Source | 0Source |
| Goodwill, Impairment LossUSD | 0Source | — | 225,300,000Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 177,700,000Source | 109,900,000Source | -154,800,000Source | 28,600,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | 0Source | 700,000Source | 212,600,000Source |
| Income Tax Expense (Benefit)USD | 14,500,000Source | 48,000,000Source | 8,300,000Source | 10,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 177,700,000Source | 109,900,000Source | -154,100,000Source | 241,200,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 49,200,000Source | -199,200,000Source | -11,600,000Source |
| Other Nonoperating Income (Expense)USD | 13,700,000Source | -2,500,000Source | 15,600,000Source | 1,300,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 547,300,000Source | — | — | — |
| Provision for Loan, Lease, and Other LossesUSD | 42,400,000Source | 47,600,000Source | 50,600,000Source | 9,800,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | 0Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | 0Source | 0Source | -7,100,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,934,500,000Source | 1,788,500,000Source | 1,645,100,000Source | 1,519,400,000Source |
| Selling, General and Administrative ExpenseUSD | 445,200,000Source | 408,600,000Source | 430,400,000Source | 445,100,000Source |
| Operating Income (Loss)USD | 196,600,000Source | 182,200,000Source | -5,200,000Source | 173,700,000Source |
| Other Nonoperating Income (Expense)USD | 13,700,000Source | -2,500,000Source | 15,600,000Source | 1,300,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 192,200,000Source | 157,900,000Source | -146,500,000Source | 38,600,000Source |
| Income Tax Expense (Benefit)USD | 14,500,000Source | 48,000,000Source | 8,300,000Source | 10,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 177,700,000Source | 109,900,000Source | -154,100,000Source | 241,200,000Source |
| Earnings Per Share, BasicUSD per share | -0.96Source | 0.46Source | -1.82Source | 1.3Source |
| Earnings Per Share, DilutedUSD per share | -0.96Source | 0.45Source | -1.82Source | 1.3Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 106,900,000Source | 108,000,000Source | 109,100,000Source | 116,300,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 106,900,000Source | 109,200,000Source | 109,100,000Source | 116,300,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 79,200,000Source | 81,500,000Source | 87,700,000Source | 83,600,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | — | 0Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 1,041,700,000Source | 956,300,000Source | 867,600,000Source | 834,300,000Source |
| Costs and ExpensesUSD | 1,737,900,000Source | 1,606,300,000Source | 1,650,300,000Source | 1,345,700,000Source |
| Current Income Tax Expense (Benefit)USD | 46,400,000Source | 46,300,000Source | 38,100,000Source | 12,300,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | 3,700,000Source | — |
| Financing Interest ExpenseUSD | 109,900,000Source | 123,500,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 9,300,000Source | -5,800,000Source | 2,900,000Source | -2,500,000Source |
| Gain (Loss) on InvestmentsUSD | 0Source | 400,000Source | -400,000Source | -7,100,000Source |
| Goodwill, Impairment LossUSD | 0Source | — | 225,300,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 177,700,000Source | 109,900,000Source | -154,800,000Source | 28,600,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 101,000,000Source | 90,400,000Source | -209,700,000Source | -59,700,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.96Source | 0.46Source | -1.83Source | -0.1Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.96Source | 0.45Source | -1.83Source | -0.1Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | 0Source | 700,000Source | 212,600,000Source |
| Interest ExpenseUSD | 18,100,000Source | 21,800,000Source | 155,800,000Source | 119,200,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | 49,200,000Source | -199,200,000Source | -11,600,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -103,100,000Source | — | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | 280,800,000Source | — | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 38,600,000Source | 44,400,000Source | 44,400,000Source | 43,800,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | 0Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 0Source | 16,300,000Source | 0Source | -3,600,000Source |
Filing attachments
tm2528096d1_ex99-1.htm · 8-K · 2025-10-08
EX-99.1 3 tm2528096d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE OPENLANE Completes Repurchase of 53% of Series A Convertible Preferred Stock Strong Market Demand for Term Loan Financing Carmel, Ind. - Oct. 8, 2025 - OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced it has closed its repurchase of 53% of the Company’s Series A Convertible Preferred Stock and amended its existing Credit Agreement with an add…
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