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OPENLANE, Inc.(KAR)Earnings, Financials & Key Ratios
KAR•NYSE
$27.44
16.7× P/E·Price updated Jun 20, 2026
AboutOPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in the United States, Canada, Continental Europe and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles; and value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. Its digital marketplaces include OPENLANE platform, a mobile app enabled solutions that allows dealers to sell and source inventory. This segment sells its products and services through commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealers, and vehicle manufacturers. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent vehicle dealers. 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.Show more
- Revenue$1.93B+8.2%
- EBITDA$288M+3.9%
- Net Income$178M+61.7%
- EPS (Diluted)1.64+264.4%
- Gross Margin46.15%+16.5%
- EBITDA Margin14.9%-3.9%
- Operating Margin10.16%-0.2%
- Net Margin9.19%+49.5%
- ROE12.34%+49.9%
KAR Price & Volume
OPENLANE, Inc. (KAR) stock price & volume — 10-year historical chart
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Digital Transition Volatility Masks Operational Margin Risks
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Improving
Primary Risk:Used vehicle price volatility
Key Thesis Takeaways
- OPENLANE's pivot to a digital-first remarketing model has successfully reduced capital intensity, as evidenced by CapEx/Revenue ratios consistently between 2.6% and 3.1%, yet the company faces significant headwinds from inconsistent operating margins and a recent, substantial increase in debt.
- While the firm demonstrates strong cash conversion capabilities with OCF/NI ratios peaking at 5.42, the reliance on non-operating income to bolster net income—which reached $59.5M in 2025Q4 despite only $12.0M in operating income—suggests underlying earnings quality remains fragile.
- Investors should monitor the sustainability of the current 12.0% net margin against the backdrop of a $1.4 billion debt load and the potential for continued volatility in the used vehicle market.
Verdict Logic
while the stock trades at a P/FCF of 8.66, the recent spike in debt to $1.4 billion and the decoupling of operating income from net income warrant a cautious wait-and-see approach.
KAR Growth Metrics
OPENLANE, Inc. (KAR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-3.06%
5 Years7.83%
3 Years8.15%
TTM6.64%
Profit CAGR
10 Years-1.87%
5 Years223.7%
3 Years-9.68%
TTM61.69%
EPS CAGR
10 Years0.83%
5 Years-
3 Years87.2%
TTM146.94%
Return on Capital
10 Years7.14%
5 Years4.65%
3 Years5.89%
Last Year9.41%
KAR Recent Earnings
OPENLANE, Inc. (KAR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q1 2026Latest
Feb 18, 2026Metric
Actual
Est
EPS
$0.21-30.0%
$0.30
Rev
$494M+5.0%
$471M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.35+16.7%
$0.30
Rev
$498M+5.9%
$471M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.33+37.5%
$0.24
Rev
$482M+2.7%
$469M
Q2 2025
May 7, 2025Metric
Actual
Est
EPS
$0.31+29.2%
$0.24
Rev
$460M+3.4%
$445M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 18, 2026 | $0.21vs $0.30-30.0% | $494Mvs $471M+5.0% |
| Q4 2025 | Nov 5, 2025 | $0.35vs $0.30+16.7% | $498Mvs $471M+5.9% |
| Q3 2025 | Aug 6, 2025 | $0.33vs $0.24+37.5% | $482Mvs $469M+2.7% |
| Q2 2025 | May 7, 2025 | $0.31vs $0.24+29.2% | $460Mvs $445M+3.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for OPENLANE, Inc. (KAR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $27.44 | $2.91B | 16.73 | 8.16% | 9.19% | 12.34% | 1.3% | |
| $29.27 | $27.1B | 18.41 | 9.68% | 33.48% | 16.61% | — | |
| $191.68 | $6.58B | 11.25 | 3.24% | 2.47% | 28.44% | — | |
| $51.05 | $7.24B | 30.39 | -1.79% | 0.84% | 3.67% | — | |
| $67.47 | $73.14B | 39.92 | 48.63% | 7.09% | 45.92% | — | |
| $7.58 | $39.47M | -4.95 | 867.04% | -123.22% | -51.09% | — |
Compare KAR vs Peers
OPENLANE, Inc. (KAR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KAR SEC Filings & Documents
OPENLANE, Inc. (KAR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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KAR Frequently Asked Questions
OPENLANE, Inc. (KAR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is OPENLANE, Inc.'s revenue?
OPENLANE, Inc. (KAR) reported $1.93B in revenue for fiscal year 2025. This represents a 75% increase from $1.10B in 2007.
How fast is OPENLANE, Inc. growing?
OPENLANE, Inc. (KAR) grew revenue by 8.2% over the past year. This is steady growth.
Is KAR profitable?
Yes, OPENLANE, Inc. (KAR) is profitable, generating $177.7M in net income for fiscal year 2025 (9.2% net margin).
Dividend & Returns
Does KAR pay dividends?
Yes, OPENLANE, Inc. (KAR) pays a dividend with a yield of 1.30%. This makes it attractive for income-focused investors.
What is KAR's return on equity?
OPENLANE, Inc. (KAR) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.
What is OPENLANE, Inc.'s free cash flow?
OPENLANE, Inc. (KAR) generated $336.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.