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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%
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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