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Sep 30, 2022
OPENLANE Q3 2022 Earnings Report
Revenue, gross profit per vehicle sold, income from continuing operations and Adjusted EBITDA increased for the quarter despite a decrease in volumes.
Key Takeaways
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.
Total revenue increased by 13% compared to the third quarter of 2021.
Income from continuing operations was $0.5 million, or $(0.09) per diluted share.
Adjusted EBITDA from continuing operations was $69.5 million.
Marketplace revenue, excluding purchased vehicle sales, increased by 14%.
Revenue by Segment
Forward Guidance
Company did not provide forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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