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Sep 30, 2023
OPENLANE Q3 2023 Earnings Report
OPENLANE delivered improved results including increased volumes, revenue and gross profit.
Key Takeaways
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%.
Total revenue of $416 million, an increase of 6% year-over-year
Income from continuing operations of $13 million
Adjusted EBITDA of $68 million, with Marketplace contributing approximately 40%
Marketplace volumes increased 8%
OPENLANE
OPENLANE
OPENLANE Revenue by Segment
Revenue by Segment
Marketplace Revenue
CapyFin.comFinance Revenue
CapyFin.com Forward Guidance
The company’s previously stated annual guidance for Adjusted EBITDA and operating adjusted net income from continuing operations per diluted share remains unchanged, while the company's other guidance measures have been updated.
Revenue & Expenses
Visualization of income flow from segment revenue to net income