Nov 4, 7:00 AM ET
OPENLANE reported third-quarter 2026 revenue of $561.2 million, up 13% from a year earlier, and diluted earnings per share of $0.36 versus $0.25. Net income fell to $44.7 million from $47.9 million. The company narrowed its 2026 guidance upward and raised its share repurchase authorization by $150 million to $400 million.
- Q3 2026 revenue $561.2 million vs. $498.4 million a year earlier; net income $44.7 million vs. $47.9 million
- Q3 Adjusted EBITDA $106.8 million vs. $87.1 million; diluted EPS $0.36 vs. $0.25
- 2026 guidance: net income raised to $169-$177 million from $163-$176 million; diluted EPS raised to $1.27-$1.34 from $1.23-$1.33
- Repurchase program increased to $400 million and extended through December 31, 2027; about $250 million available at October 31, 2026
Read the filing on SEC.gov ↗
Sep 28, 4:13 PM ET
OPENLANE's subsidiaries amended two receivables purchase facilities on September 25, 2026, extending the termination date of each from January 31, 2028 to January 31, 2030. The filing describes the extension as a term extension and does not mention new borrowing capacity, pricing changes, or costs.
- U.S. facility: Second Amendment to the Tenth Amended and Restated Receivables Purchase Agreement, signed September 25, 2026, extends termination date to January 31, 2030
- Canadian facility: Amendment No. 4 to the Receivables Purchase Agreement dated March 1, 2023, signed September 25, 2026, extends termination date to January 31, 2030
- Full amendment texts will be filed as exhibits to the Form 10-Q for the quarter ended September 30, 2026
Read the filing on SEC.gov ↗
Aug 4, 7:00 AM ET
OPENLANE reported second-quarter 2026 revenue of $555 million, up 15% from a year earlier, with net income of $44 million, up 33%, and Adjusted EBITDA of $103 million, up 19%. The company raised its 2026 Adjusted EBITDA guidance to $385 million to $400 million from $365 million to $385 million, and raised its net income guidance to $163 million to $176 million from $147 million to $164 million.
- Q2 2026 total operating revenues were $554.6 million versus $481.7 million in Q2 2025, up 15%.
- Q2 2026 net income was $44.3 million, or $0.32 diluted EPS, versus $33.4 million, or $0.15 diluted EPS, a year earlier.
- 2026 Adjusted EBITDA guidance was raised to $385 million to $400 million from $365 million to $385 million.
- 2026 diluted EPS guidance was raised to $1.23 to $1.33 from $1.09 to $1.23, with the revised figures reflecting the preferred stock conversion in May 2026.
Read the filing on SEC.gov ↗
Jun 12, 8:00 AM ET
OPENLANE's board increased its size to ten directors and elected David Hult as a director effective June 12, 2026. Hult is Executive Chairman of Asbury Automotive Group and previously served as its President and CEO from 2018 to May 2026, which adds automotive retail leadership experience to the board.
- David Hult, age 60, elected director effective June 12, 2026; term expires at the 2027 annual meeting
- Board size increased to ten directors by action taken June 9, 2026
- Hult was President and CEO of Asbury Automotive Group from January 2018 to May 2026 and is now Executive Chairman
- His compensation is described in the proxy statement filed April 24, 2026; no related-party transactions reported
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
