OPENLANE Earnings Reports

OPENLANE, Inc. achieved solid financial results in Q4 2024, driven by a 12% year-over-year revenue increase to $455 million. Net income from continuing operations reached $52.3 million, while Adjusted EBITDA grew 18% to $73 million. The Marketplace segment demonstrated strong momentum with a 15% increase in dealer volumes.

OPENLANE reported a revenue of $448 million, driven by a 6% volume growth. The company's income from continuing operations was $28 million, with an adjusted EBITDA of $75 million. The marketplace segment showed continued resiliency and profitability, with significant adjusted EBITDA growth and a Gross Merchandise Value increase of 12% to nearly $7 billion.

OPENLANE reported a 4% YoY increase in total revenue, reaching $432 million. Marketplace volumes grew by 7% YoY, and adjusted EBITDA was $71 million. The company updated its 2024 annual guidance due to Canada's Digital Services Tax.

OPENLANE, Inc. reported its first quarter financial results for the period ended March 31, 2024. The company saw a 13% increase in marketplace volumes and adjusted EBITDA of $75 million, with the marketplace segment contributing 47% of the total. The finance segment was also a strong contributor.

OPENLANE, Inc. reported solid Q4 and full-year 2023 results, exceeding guidance with volume, revenue, and margin growth attributed to strategic investments, brand simplification, and cost diligence. Total revenue reached $1,645 million, an 8% increase, and adjusted EBITDA grew by 18% to $272 million.

OPENLANE reported a 6% year-over-year increase in total revenue, reaching $416 million, and an adjusted EBITDA of $68 million, with the Marketplace segment contributing approximately 40%. Marketplace volumes increased by 8%.

OPENLANE, Inc. reported a 9% year-over-year increase in total revenue, reaching $416.9 million. Adjusted EBITDA increased by 49% to $83.8 million, including a $20.0 million early termination payment, while the Marketplace segment led the performance.

KAR Auction Services, Inc. reported a strong first quarter with a 14% increase in total revenue and significant improvements in operating profit and income from continuing operations. Adjusted EBITDA also saw a 20% increase year-over-year.

KAR Auction Services, Inc. reported a 4% increase in total revenue, reaching $372.8 million for Q4 2022. The company's income from continuing operations was $41.9 million, or $0.21 per diluted share. The company focused on cost management and growth, positioning itself to capture future opportunities.

KAR Auction Services, Inc. reported a 13% increase in total revenue, reaching $393.0 million for the third quarter of 2022. Income from continuing operations was $0.5 million, or $(0.09) per diluted share. Adjusted EBITDA from continuing operations was $69.5 million.

KAR Auction Services, Inc. reported a 2% increase in total revenue, reaching $384.2 million. The company's performance was impacted by reductions in conversion rates across its marketplaces. They are updating their previous guidance for Adjusted EBITDA to a range of $245 to $265 million.

KAR Auction Services reported total revenue of $369.4 million for the first quarter of 2022, a slight decrease compared to the previous year. The company experienced a net loss from continuing operations of $8.4 million, or $(0.16) per diluted share, and adjusted EBITDA from continuing operations was $49.1 million. The company is focusing on becoming a premier digital marketplace for wholesale used vehicles after the sale of its ADESA U.S. physical auction business to Carvana.

KAR Auction Services, Inc. reported a 4% increase in revenue for the fourth quarter of 2021, reaching $549.4 million. Adjusted EBITDA increased by 45% to $97.9 million, and operating adjusted net income per diluted share was $0.11, compared to a loss of $(0.01) in the same quarter of the previous year.

KAR Auction Services, Inc. reported a decrease in total revenue by 10% compared to the same quarter last year, alongside a net loss, primarily due to lower volumes throughout the wholesale remarketing industry and a reduction in unrealized gains on investments. However, the company experienced solid growth in its digital dealer-to-dealer segment and an increase in ADESA gross profit per vehicle sold.

KAR Auction Services, Inc. reported a 40% year-over-year increase in total revenue, reaching $585.4 million for the second quarter of 2021. GAAP net income increased to $11.5 million, up from a net loss of $32.3 million in the same quarter of the previous year. The company's digital dealer-to-dealer segment saw record participation and a 65% volume growth.

KAR Auction Services, Inc. reported its first quarter financial results for the period ended March 31, 2021. The company reported revenue of $581.6 million, a decrease of 10%. Net income increased to $50.9 million, or $0.25 per diluted share. Adjusted EBITDA increased 39% to $123.2 million.

KAR Auction Services, Inc. reported a decrease in revenue and net income for the fourth quarter of 2020, as compared to the fourth quarter of 2019. The company's operating results were significantly impacted by the COVID-19 pandemic.

KAR Auction Services, Inc. reported a decrease in revenue by 15% but an increase in net income from continuing operations and Adjusted EBITDA for the third quarter of 2020.

KAR Auction Services, Inc. reported a decrease in revenue of 42% to $419.0 million compared to Q2 2019. The company reported a net loss from continuing operations of $32.3 million, or $0.27 per diluted share, compared to net income of $27.4 million, or $0.20 per diluted share, in Q2 2019. Adjusted EBITDA decreased 41% to $80.0 million.

KAR Auction Services, Inc. reported a decrease in revenue by 6% to $645.5 million compared to Q1 2019. Net income decreased significantly by 82% to $2.8 million, and Adjusted EBITDA decreased by 28% to $88.6 million, primarily due to the impact of the COVID-19 pandemic.

KAR Auction Services, Inc. reported a revenue of $671.3 million for Q4 2019, a 13% increase compared to Q4 2018. Net income increased 1% to $15.3 million, or $0.12 per diluted share. Adjusted EBITDA increased 10% to $122.0 million.