OPENLANE, Inc.

OPENLANE, Inc.

OPLN · NYSE · Consumer Cyclical / Auto & Truck Dealerships

35.12USD+0.38 (+1.09%)

Price History

Full chart

Market Stats

Previous Close34.74
Open34.99
Day Range34.70 – 35.13
52-Week Range24.32 – 42.90
Volume589.40K
Market Cap4.25B
P/E (TTM)0.00
Forward P/E21.51
EPS-0.62
Dividend Yield0.00%
Beta1.26
50-Day Avg36.47
200-Day Avg33.29

About

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for wholesale used vehicles in the United States, Canada, Continental Europe, and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment includes various activities designed to facilitate the transfer of used vehicles for sellers and buyers; vehicle logistics center locations; SaaS-based private label remarketing solutions to automobile manufacturers, captive finance companies, and other commercial customers to digitally offer vehicles for sale; wholesale vehicle marketplaces; and value-added ancillary services including inbound and outbound transportation logistics, reconditioning and mechanical work, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through commercial fleet operators, financial institutions, car rental companies, new and used vehicle dealers, and vehicle manufacturers. Its marketplaces include OPENLANE platform, a mobile app enabled solutions that allows dealers to sell and source inventory. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent vehicle dealers; liquidity for customer trade-ins; and title services. In addition, the company provides pre- and post-sale inspection; transportation and logistics; digital marketplace services; remarketing services; and vehicle research services. It serves commercial customers, and franchise and independent dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

Company Details

  • SectorConsumer Cyclical
  • IndustryAuto & Truck Dealerships
  • CEOMr. Peter J. Kelly
  • Employees4.03K
  • Headquarters11299 North Illinois Street, Carmel, IN, United States, 46032, USA
  • Websitehttps://corporate.openlane.com

Leadership

  • Mr. Peter J. KellyCEO & Director · b. 1969
  • Mr. Bradley P. HerringExecutive VP & CFO · b. 1971
  • Mr. Charles S. ColemanExecutive VP, Chief Legal Officer & Secretary · b. 1972
  • Mr. James P. CoyleExecutive VP & President of Marketplaces · b. 1981
  • Mr. William C. MitchellExecutive VP & President of AFC · b. 1983
  • Mr. Dwayne P. PriceChief Accounting Officer & Principal Accounting Officer
  • Ms. Itunu OrelaruHead of Investor Relations
  • Mr. Tobin P. RicherExecutive Vice President of Marketing & Communications · b. 1974
  • Mr. J. Marty NowlinExecutive Vice President of Human Resources · b. 1975
  • Mr. Christopher SeitzSenior Vice President

Financials

Income Statement

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.10B1.77B1.73B1.81B1.89B1.96B2.17B2.36B2.64B3.15B2.24B2.44B2.78B1.33B1.45B1.53B1.65B1.79B1.93B
Growth (%)-+60.63%-2.36%+4.94%+3.93%+4.09%+10.69%+8.80%+11.63%+19.34%-28.93%+9.11%+13.88%-52.30%+9.32%+5.42%+7.58%+8.72%+8.16%
Cost of Revenue627.40M1.24B997.30M1.00B1.04B1.09B1.23B1.32B1.50B1.83B1.21B1.32B1.62B744.30M792.50M913.30M867.60M1.08B1.13B
Gross Profit475.40M535.60M732.30M813.30M851.10M876.30M941.10M1.05B1.14B1.32B1.03B1.12B1.16B582.60M658.10M615.90M777.50M708.70M801.10M
Gross Margin43.11%30.24%42.34%44.81%45.12%44.63%43.30%44.22%43.27%41.99%45.99%45.90%41.87%43.91%45.37%40.28%47.26%39.63%41.41%
Operating Expense369.00M373.00M537.00M544.50M569.20M609.30M684.40M668.00M714.80M823.70M703.20M781.20M850.70M513.40M530.60M521.20M782.70M526.50M478.70M
Operating Income106.40M162.60M195.30M268.80M281.90M267.00M256.70M377.70M427.30M499.00M326.50M340.10M314.10M69.20M127.50M94.70M-5.20M182.20M322.40M
Operating Margin9.65%9.18%11.29%14.81%14.94%13.60%11.81%15.97%16.19%15.84%14.58%13.92%11.29%5.22%8.79%6.19%-0.32%10.19%16.67%
EBITDA240.60M150.40M356.80M409.50M394.30M461.20M448.30M547.80M640.10M734.70M827.40M521.30M508.30M172.50M249.90M179.00M110.80M274.90M411.90M
EBITDA Margin21.82%8.49%20.63%22.56%20.90%23.49%20.63%23.17%24.25%23.32%36.96%21.34%18.27%13.00%17.23%11.71%6.74%15.37%21.29%
Net Income-38.30M-216.20M23.20M69.60M72.20M92.00M67.70M169.30M214.60M222.40M362.00M328.00M188.50M500.00K66.50M241.20M-154.10M109.90M177.70M
Net Income Margin-3.47%-12.21%1.34%3.83%3.83%4.69%3.12%7.16%8.13%7.06%16.17%13.43%6.78%0.04%4.58%15.77%-9.37%6.14%9.19%
Interest Expense162.30M215.20M172.60M141.40M143.10M119.40M104.70M86.20M91.40M138.80M164.00M192.00M189.50M128.20M125.70M40.20M155.80M21.80M128.00M
Interest Expense % of Total Revenue14.72%12.15%9.98%7.79%7.59%6.08%4.82%3.65%3.46%4.41%7.33%7.86%6.81%9.66%8.67%2.63%9.47%1.22%6.62%

Balance Sheet

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets4.53B4.16B4.25B4.53B4.78B4.92B5.13B5.35B5.79B6.56B6.98B7.21B6.58B6.80B7.45B5.12B4.73B4.62B4.72B
Total Liabilities3.52B3.41B3.11B3.28B3.44B3.48B3.65B3.80B4.41B5.16B5.50B5.74B4.93B5.18B5.35B2.99B2.79B3.28B3.19B
Total Equity1.01B750.70M1.14B1.24B1.34B1.44B1.48B1.55B1.39B1.40B1.48B1.46B1.65B1.62B2.10B2.13B1.94B1.34B1.54B
Cash204.10M174.30M363.90M119.10M97.40M108.70M191.60M152.90M155.00M201.80M317.20M277.10M507.60M752.10M177.60M225.70M93.50M143.00M141.50M
Total Debt2.62B2.53B2.27B1.88B1.90B1.82B2.57B2.66B3.05B3.75B2.68B4.11B2.25B2.22B1.95B573.70M427.40M282.90M1.42B
Net Debt2.41B2.35B1.91B1.76B1.81B1.71B2.38B2.50B2.90B3.55B2.36B3.84B1.74B1.47B1.78B348.00M333.90M139.90M1.28B

Cash Flow

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow96.80M224.90M250.80M467.60M305.80M290.20M434.00M431.30M482.10M378.00M597.50M722.90M542.00M384.40M412.60M-466.60M228.70M276.30M391.90M
Investing Cash Flow-2.38B-172.10M-68.80M-793.90M-419.80M-227.60M-267.90M-412.80M-547.60M-763.60M-378.30M-381.20M-452.40M-326.60M-1.19B70.00M-83.50M-70.90M-149.00M
Financing Cash Flow2.49B-94.70M22.80M81.00M93.00M-53.50M-76.60M-48.50M87.40M436.00M-107.60M-320.10M153.80M194.80M204.60M-1.61B-273.20M-158.80M-257.90M
Capital Expenditure62.80M129.60M65.60M78.90M85.80M102.00M96.60M101.00M134.70M155.10M97.30M131.30M161.60M62.80M64.20M60.90M52.00M53.00M55.40M
Free Cash Flow34.00M95.30M185.20M388.70M220.00M188.20M337.40M330.30M347.40M222.90M500.20M591.60M380.40M321.60M348.40M-527.50M176.70M223.30M336.50M
Dividends Paid-----26.00M78.60M139.90M151.90M157.10M174.80M188.30M164.30M49.00M022.20M44.40M44.40M38.60M
FCF to OCF35.12%42.37%73.84%83.13%71.94%64.85%77.74%76.58%72.06%58.97%83.72%81.84%70.18%83.66%84.44%113.05%77.26%80.82%85.86%
Dividend Paid to FCF-----13.82%23.30%42.36%43.72%70.48%34.95%31.83%43.19%15.24%0.00%-4.21%25.13%19.88%11.47%

Earnings

Report DateFeb 26, 2010May 5, 2010Aug 3, 2010Nov 3, 2010Feb 24, 2011Apr 27, 2011Aug 9, 2011Nov 2, 2011Feb 28, 2012May 7, 2012Aug 6, 2012Nov 6, 2012Feb 21, 2013May 1, 2013Aug 6, 2013Nov 5, 2013Feb 19, 2014May 5, 2014Aug 5, 2014Nov 4, 2014Feb 17, 2015May 5, 2015Aug 3, 2015Nov 4, 2015Feb 18, 2016May 3, 2016Aug 2, 2016Nov 3, 2016Feb 21, 2017May 9, 2017Aug 8, 2017Oct 31, 2017Feb 20, 2018May 8, 2018Aug 7, 2018Nov 6, 2018Feb 19, 2019May 7, 2019Aug 6, 2019Nov 5, 2019Feb 18, 2020May 7, 2020Aug 4, 2020Nov 3, 2020Feb 16, 2021May 4, 2021Aug 3, 2021Nov 2, 2021Feb 17, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 22, 2023May 2, 2023Aug 2, 2023Nov 1, 2023Feb 20, 2024May 2, 2024Aug 6, 2024Nov 6, 2024Feb 19, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 18, 2026May 5, 2026Aug 4, 2026Nov 4, 2026
EPS Estimate-0.200.260.23-0.290.320.27-0.310.270.26-0.320.300.28-0.360.370.320.290.420.460.43-0.500.560.530.480.590.580.500.530.760.800.700.590.770.370.400.290.14-0.110.280.280.110.190.10-0.100.070.13-0.090.120.150.13-0.210.220.210.220.220.300.300.300.350.39
EPS Actual0.050.290.280.260.050.310.250.230.110.310.260.230.160.310.340.29-0.130.410.420.400.400.420.460.420.350.550.550.500.450.620.650.570.630.820.820.700.620.700.300.350.190.090.080.36-0.010.450.150.08-0.04-0.020.040.090.130.120.250.180.160.050.190.260.210.310.330.350.250.350.40-
Surprise-45.00%7.69%13.04%-6.90%-21.88%-14.81%-0.00%-3.70%-11.54%--3.13%13.33%3.57%-13.89%13.51%25.00%37.93%0.00%0.00%-2.33%-10.00%-1.79%-5.66%-6.25%5.08%12.07%14.00%18.87%7.89%2.50%0.00%5.08%-9.09%-18.92%-12.50%-34.48%-35.71%172.73%28.57%-103.57%309.09%-21.05%-20.00%--120.00%-42.86%-30.77%-33.33%108.33%20.00%23.08%--9.52%18.18%0.00%40.91%50.00%16.67%-16.67%16.67%14.29%-
Timing-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap4.25B
Enterprise Value4.57B
Trailing P/E0.00
Forward P/E21.51
PEG Ratio1.22
Price / Sales2.05
Price / Book2.66
EPS-0.62
Book Value12.78
Revenue (TTM)2.08B
Gross Profit (TTM)951.40M
EBITDA444.80M
Profit Margin9.67%
Operating Margin16.81%
Return on Equity11.15%
Return on Assets4.58%
Shares Outstanding122.07M
Shares Float112.95M
Beta1.26
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
89.56%
Insiders
7.91%
Retail / Other
2.53%

Top Institutional Holders

  • BlackRock Inc
    15.48M12.68%
  • Dimensional Fund Advisors, Inc.
    6.53M5.35%
  • BMO Capital Markets Corp.
    6.42M5.26%
  • Vanguard Portfolio Management, LLC
    6.09M4.99%
  • Hawk Ridge Management LLC
    4.97M4.07%
  • Bank of Montreal
    4.78M3.92%
  • Vanguard Capital Management, LLC
    4.78M3.92%
  • State Street Corp
    4.08M3.34%
  • Neuberger Berman Group LLC
    3.52M2.88%
  • American Century Companies Inc
    2.67M2.19%
  • Geode Capital Management, LLC
    2.58M2.11%
  • Brown Advisory Holdings Inc
    2.17M1.78%
  • Morgan Stanley - Brokerage Accounts
    1.88M1.54%
  • Woodline Partners LP
    1.81M1.48%
  • Amvescap Plc.
    1.69M1.38%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    6.90M5.65%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.50M2.86%
  • iShares Russell 2000 ETF
    2.72M2.23%
  • Vanguard Small Cap Index
    2.53M2.07%
  • American Century Small Cap Growth Inv
    1.85M1.52%

Dividends

20201×
0.19Mar 19, 2020
20194×
0.19Dec 19, 20190.19Sep 19, 20190.13May 31, 20190.13Mar 21, 2019
20184×
0.13Dec 19, 20180.13Sep 19, 20180.13Jun 20, 20180.13Mar 21, 2018
20174×
0.13Dec 19, 20170.12Sep 19, 20170.12Jun 19, 20170.12Mar 20, 2017
20164×
0.12Dec 19, 20160.11Sep 19, 20160.11Jun 20, 20160.11Mar 21, 2016
20154×
0.10Dec 18, 20150.10Sep 21, 20150.10Jun 22, 20150.10Mar 23, 2015
20143×
0.10Dec 24, 20140.09Sep 22, 20140.09Jun 23, 2014

Stock Splits

  • Jun 28, 20192642:1000