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Close of Nov 06, 2026 · end-of-day data
OPLN 8-K filings, explained
Every material Form 8-K OPENLANE has filed with the SEC since February 19, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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.
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
OPENLANE reported first quarter 2026 revenue of $527.9 million, up 15% from $460.1 million a year earlier, with net income of $48.9 million, up from $36.9 million. The company raised its full-year 2026 guidance, lifting its net income range to $147 million-$164 million and its Adjusted EBITDA range to $365 million-$385 million, which means higher expected profit for shareholders.
Q1 2026 revenue $527.9 million vs. $460.1 million in Q1 2025 (up 15%); auction and related fees rose 22% to $241.8 million
Q1 2026 net income $48.9 million vs. $36.9 million; diluted EPS $0.35 vs. $0.18
Q1 2026 Adjusted EBITDA $96.7 million vs. $82.8 million (up 17%)
2026 guidance raised: net income $147 million-$164 million (from $130 million-$147 million); Adjusted EBITDA $365 million-$385 million (from $350 million-$370 million)
OPENLANE reported fourth-quarter and full-year 2025 results and gave 2026 guidance. Revenue and income from continuing operations rose, but large Series A Preferred Stock dividends turned the quarterly result into a loss for common stockholders. The 2026 guidance projects net income of $130 million to $147 million and Adjusted EBITDA of $350 million to $370 million.
Q4 2025 total operating revenues were $494.3 million, up from $455.0 million a year earlier; income from continuing operations was $59.5 million versus $52.3 million.
Q4 2025 loss attributable to common stockholders was $188.0 million, or $1.77 per diluted share, after $247.5 million of Series A Preferred Stock dividends (including deemed dividends), versus $0.29 per diluted share in Q4 2024.
Full-year 2025 revenue was $1.9 billion, up 8%, and Adjusted EBITDA was $333 million, up 13%; the loss attributable to common stockholders was $0.96 per diluted share versus $0.45 in 2024.
2026 guidance: net income of $130 million to $147 million, Adjusted EBITDA of $350 million to $370 million, and diluted net income per share of $0.95 to $1.09; the company's Investor Day is on March 3, 2026.
OPENLANE, Inc. disclosed that director Sanjeev Mehra resigned from its Board of Directors effective January 29, 2026. The company states the resignation was not related to any disagreement with it on operations, policies or practices.
Sanjeev Mehra notified the company of his board resignation on January 29, 2026, effective that day.
The filing states the resignation was not due to any disagreement with the company on operations, policies or practices.
The 8-K does not name a replacement director or describe board changes beyond this resignation.
OPENLANE's subsidiary Automotive Finance Canada Inc. signed Amendment No. 3 to its Canadian Receivables Purchase Agreement on November 18, 2025, increasing the program limit from C$375 million to C$500 million. The filing is a financing amendment that expands the borrowing capacity under the receivables facility; the filing does not state how the increased limit will be used or its effect on financial results.
Program Limit increased from C$375 million to C$500 million under Amendment No. 3
Amendment No. 3 amends the Receivables Purchase Agreement dated March 1, 2023, with Computershare Trust Company of Canada as trustee and BMO Nesbitt Burns and Royal Bank of Canada as agents
Full terms are in Exhibit 10.1, filed with the 8-K
OPENLANE reported third-quarter 2025 revenue of $498.4 million, up 8% from a year earlier, and income from continuing operations of $47.9 million, up from $28.4 million. The company raised its 2025 Adjusted EBITDA guidance to $328 million to $333 million, but its GAAP diluted per-share guidance moved to a loss of $(1.32) to $(1.28) because of an expected deemed dividend on Series A Preferred Stock repurchases in the fourth quarter.
Q3 2025 total operating revenues were $498.4 million, up from $459.8 million; auction fees rose to $136.3 million from $113.2 million.
Q3 2025 diluted EPS from continuing operations was $0.25, up from $0.12; Adjusted EBITDA was $87.1 million, up from $74.5 million.
2025 Adjusted EBITDA guidance was raised to $328 million to $333 million from $310 million to $320 million; Operating Adjusted EPS guidance rose to $1.22 to $1.26 from $1.12 to $1.17.
2025 GAAP diluted EPS guidance was changed to $(1.32) to $(1.28) from $0.61 to $0.66, as the expected deemed dividend is projected to produce a loss available to common stockholders.
On October 8, 2025, OPENLANE closed the repurchase of Series A Convertible Preferred Stock from Apax and Periphas, which the company agreed to in September. The repurchases were funded by $550,000,000 in incremental secured term loans under an amended Credit Agreement. The repurchased preferred shares have been cancelled, and the new debt carries interest at Adjusted Term SOFR plus 2.50%, which matters to shareholders because it shifts the company's capital structure toward secured borrowing.
Apax repurchase: 288,322 Series A preferred shares for $482,431,500.
Periphas repurchase: 45,706 Series A preferred shares for $76,477,055; the press release says the repurchases together cover 53% of the Series A preferred stock.
2025 Incremental Term Loans: $550,000,000, bearing interest at Adjusted Term SOFR plus 2.50% or Base Rate plus 1.50%, secured by substantially all assets of the company and subsidiary guarantors.
Second Amendment Agreement dated October 8, 2025; JPMorgan Chase Bank, N.A. is administrative agent.
OPENLANE agreed on September 9, 2025 to buy back 288,322 Series A Convertible Preferred shares from Apax for $482,431,500 and 45,706 shares from Periphas for $76,477,055, with the press release putting total cash consideration at about $559 million. The repurchases are conditioned on customary closing conditions and are expected to close after September 30, 2025 and before October 20, 2025, which would reduce the preferred stock outstanding for common shareholders.
Apax repurchase: 288,322 Series A preferred shares for $482,431,500
Periphas repurchase: 45,706 Series A preferred shares for $76,477,055
Press release says the repurchases cover 53% of the Series A preferred, at $29.70 per share of common stock on an as-converted basis
Expected closing: after September 30, 2025 and before October 20, 2025
OPENLANE reported second-quarter 2025 results on August 6, 2025, with total operating revenues of $481.7 million, up 9% from a year earlier, and income from continuing operations of $33.4 million, compared with $10.7 million in the same quarter of 2024. The company raised its full-year 2025 guidance for Adjusted EBITDA and diluted earnings per share from continuing operations, which signals higher expected profitability for shareholders.
Q2 2025 total operating revenues were $481.7 million, versus $443.8 million in Q2 2024.
Q2 2025 Adjusted EBITDA was $86.7 million, versus $71.4 million a year earlier; income from continuing operations was $33.4 million, versus $10.7 million.
Full-year 2025 Adjusted EBITDA guidance was raised to $310 million-$320 million from $290 million-$310 million.
Full-year diluted EPS from continuing operations guidance was raised to $0.61-$0.66 from $0.38-$0.48; the quarter included a $7.0 million loss on sale of property.
OPENLANE's subsidiary Automotive Finance Canada Inc. and the company signed Amendment No. 2 to a Canadian receivables purchase agreement on May 23, 2025. The amendment raises the program limit from C$300 million to C$375 million, increasing the financing capacity available under the program. The filing does not report any financial results or the effect on the company's earnings.
Amendment No. 2 signed May 23, 2025, to the Receivables Purchase Agreement dated March 1, 2023, as amended
Program Limit increased from C$300 million to C$375 million
Parties include Computershare Trust Company of Canada as trustee, BMO Nesbitt Burns as agent, and Royal Bank of Canada as agent
Full text will be filed as an exhibit to the Form 10-Q for the quarter ended June 30, 2025
OPENLANE reported first-quarter 2025 results, with revenue up 7% to $460.1 million and income from continuing operations of $36.9 million, up 99% from $18.5 million a year earlier. The company maintained its 2025 guidance and board approved a new share repurchase authorization of up to $250 million through December 31, 2026. For shareholders, profit growth and a larger buyback authorization stand out, though management said tariffs remain an open question for the industry.
Total operating revenues were $460.1 million, up from $429.9 million, an increase of 7%.
Income from continuing operations was $36.9 million, compared with $18.5 million; diluted EPS was $0.18, compared with $0.05.
Adjusted EBITDA was $82.8 million, up from $74.8 million a year earlier.
2025 guidance was maintained, with income from continuing operations of $100 million to $114 million and diluted EPS of $0.38 to $0.48; a new $250 million buyback runs through December 31, 2026.
OPENLANE's board appointed Bradley Herring as Executive Vice President and Chief Financial Officer, effective May 27, 2025. Herring most recently served as CFO of Enfusion, Inc. until April 21, 2025, and will lead the company's financial, reporting and investor-facing functions, including capital investment strategy.
Bradley Herring appointed EVP and CFO effective May 27, 2025, reporting to CEO Peter Kelly
Herring was CFO of Enfusion, Inc. from December 2022 to April 21, 2025, and CFO of Shift4 Payments, Inc. from October 2019 to August 2022
Employment agreement provides a one-time $100,000 cash sign-on award, subject to full repayment if he resigns within two years
OPENLANE reported fourth-quarter and full-year 2024 results that improved on 2023, with Q4 revenue of $455 million and full-year income from continuing operations of $110 million, compared with a $155 million loss in 2023. The company also issued 2025 guidance of $290 million to $310 million in adjusted EBITDA and $0.38 to $0.48 in diluted income from continuing operations per share, which reflects the December 2024 divestiture of its automotive key business.
Q4 2024 total operating revenues were $455 million, up 12% from $406.1 million in Q4 2023, and Q4 income from continuing operations was $52.3 million versus $13.6 million a year earlier.
Full-year 2024 total operating revenues were $1,788.5 million, up from $1,695.7 million, and full-year income from continuing operations was $109.9 million versus a loss of $154.8 million in 2023.
Q4 2024 results include a $31.6 million gain on sale of business.
2025 guidance: income from continuing operations of $100 million to $114 million, adjusted EBITDA of $290 million to $310 million, and diluted income from continuing operations per share of $0.38 to $0.48.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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