{"filings":[{"id":2245717,"accession_number":"0001104659-26-096008","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-08-13T20:50:13+00:00","items":["8.01","9.01"],"status":"ready","headline":"Apax sells 8M OPENLANE shares in secondary offering; company buys back 727,590","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling stockholder (Apax) priced secondary offering of 8,000,000 OPLN shares; gross proceeds ~$274.9M.","Company received no proceeds; it purchased 727,590 shares at the same price paid by BofA Securities.","Offering closed August 13, 2026; underwriting agreement with BofA Securities dated August 11, 2026.","Company's buyback of 727,590 shares reduces outstanding share count slightly."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2033494,"accession_number":"0001395942-26-000030","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-08-04T11:00:10+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q2 revenue up 15% to $555M, net income up 33% to $44M; raises FY2026 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $555M (+15% YoY); net income $44M (+33% YoY); adjusted EBITDA $103M (+19% YoY).","Marketplace GMV $10.5B (+41% YoY); commercial vehicles sold +39% YoY; US dealer vehicles sold +31% YoY.","FY2026 guidance raised: adjusted EBITDA $385-400M (from $365-385M); net income $163-176M (from $147-164M).","AFC contributed $46M adjusted EBITDA; cash flow from operations $53M.","CEO cites off-lease inflection and US dealer volume outperformance as growth drivers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1009761,"accession_number":"0001395942-26-000027","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-06-12T12:00:07+00:00","items":["5.02"],"status":"ready","headline":"OPENLANE elects David Hult to board, expands to ten directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board expanded to ten; David Hult elected effective June 12, 2026.","Hult is Executive Chairman of Asbury Automotive Group (NYSE: ABG); previously President & CEO.","He will receive standard cash and equity compensation per proxy statement filed April 24, 2026.","No arrangements or related-party transactions exist under Item 404(a) involving Hult."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":915916,"accession_number":"0001395942-26-000024","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-06-08T19:11:34+00:00","items":["5.07"],"status":"ready","headline":"OPENLANE stockholders elect all 9 director nominees, approve advisory say-on-pay and KPMG ratification","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Roy Mackenzie elected as Apax-designated director by preferred stock class (16,939,789 votes for).","Eight other director nominees elected with vote totals ranging from ~107.4M to ~112.8M for.","Advisory vote on executive compensation approved with 110.3M for, 2.4M against.","Ratification of KPMG as auditor for 2026 approved with 116.2M for, 756.7K against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":741356,"accession_number":"0001395942-26-000022","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-05-29T17:57:10+00:00","items":["5.03","9.01"],"status":"ready","headline":"OPENLANE eliminates Series A Convertible Preferred Stock from charter","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Filed Certificate of Elimination with Delaware Secretary of State on May 29, 2026.","Removes all matters related to Series A Convertible Preferred Stock from company's amended certificate of incorporation.","Original Certificate of Designations for Series A Preferred Stock was filed on June 9, 2020.","Action simplifies the corporate charter by eliminating the authorized preferred stock series."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":92604,"accession_number":"0001395942-26-000018","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q1 revenue up 15% to $528M, net income up 33%; raises FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $528M (+15% YoY); net income $49M (+33%); adjusted EBITDA $97M (+17%).","Gross merchandise value $9.1B (+32%); marketplace vehicles sold up 19% YoY.","Cash flow from operations $160M (+30%); US dealer-to-dealer volume grew in upper 20% range.","Raised FY 2026 guidance: net income $147-164M (was $130-147M), adj EBITDA $365-385M.","CEO cites market share gains, technology advantage, and early off-lease volume return."],"consensus_eps_estimate":null,"consensus_eps_actual":0.35,"consensus_revenue_estimate":null,"consensus_revenue_actual":527900000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103555,"accession_number":"0001395942-26-000015","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"OPENLANE holds investor day presentation on March 3, 2026","summary_kind":"llm","event_type":"other","confidence":"medium","bullets":["OPENLANE (OPLN) filed an 8-K on March 3, 2026, announcing an investor day event.","Presentation slides are attached as Exhibit 99.1 to the filing.","The investor day begins at 8:30 a.m. Eastern Time on March 3, 2026.","Forward-looking statements in the filing caution about risks and uncertainties."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103554,"accession_number":"0001395942-26-000005","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-02-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE reports Q4 revenue up 9% YoY to $494M, Adj EBITDA $76M; provides 2026 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $494M (+9% YoY); income from cont. ops $60M (+14%); Adj EBITDA $76M (+5%).","Full-year revenue $1.935B (+8%); Adj EBITDA $333M (+13%); operating cash flow $392M (+34%).","Marketplace dealer volume grew 9% in Q4 and 15% for full year; GMV $7.1B (Q4) and ~$29B (FY).","Guides FY2026: net income $130-147M, Adj EBITDA $350-370M, diluted EPS $0.95-$1.09.","CEO cites strong U.S. dealer-to-dealer performance and off-lease volume inflection in early 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.96,"consensus_revenue_estimate":null,"consensus_revenue_actual":1934500000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":103553,"accession_number":"0001395942-26-000002","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2026-01-30T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Sanjeev Mehra resigns from OPENLANE Board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sanjeev Mehra resigned from OPENLANE's Board effective Jan 29, 2026.","Resignation not related to any disagreement with company operations, policies, or practices.","Board size reduced by one; no replacement announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":119819,"accession_number":"0001395942-25-000070","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-11-18T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"OPENLANE ups Canadian receivables facility limit by C$125M to C$500M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Program limit under Canadian RPA increased from C$375M to C$500M via Amendment No. 3.","Amendment dated Nov 18, 2025; parties include BMO Nesbitt Burns and Royal Bank of Canada.","OPENLANE acts as performance guarantor; subsidiary Automotive Finance Canada Inc. as seller/servicer.","Exhibit shows Section 6.1(s) limit amended from $400M to $525M (likely CAD) — discrepancy with body's C$500M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":119818,"accession_number":"0001395942-25-000067","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q3 revenue $498M (+8% YoY), Adj. EBITDA $87M (+17%); raises FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $498M (+8% YoY), income from cont. ops $48M (+69% YoY).","Adjusted EBITDA $87M (+17% YoY); operating cash flow $72M.","Marketplace dealer volume +14% YoY; GMV ~$7.3B (+9%).","Raised 2025 Adj. EBITDA guidance to $328-$333M (from $310-$320M).","CEO cites market share gains; positioned for off-lease inflection in 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":0.59,"consensus_revenue_estimate":null,"consensus_revenue_actual":1440200000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":119817,"accession_number":"0001104659-25-097925","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-10-08T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"OPENLANE completes repurchase of 53% of Series A Preferred Stock, raises $550M in term loans","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchased 288,322 Series A Preferred shares from Apax for $482.4M and 45,706 shares from Periphas for $76.5M.","Repurchased shares represent 53% of outstanding Series A Convertible Preferred Stock; shares cancelled.","Entered into $550M incremental term loans under amended Credit Agreement to finance repurchases; oversubscribed with tighter pricing.","CFO Brad Herring noted strong cash generation and growth positioning; financing substantially oversubscribed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136371,"accession_number":"0001395942-25-000059","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-09-09T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"OPENLANE to repurchase 53% of Series A Convertible Preferred for ~$559M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Repurchasing 334,028 preferred shares (~53% of Series A) from Apax and Periphas for ~$559M cash.","Repurchase price of $29.70 per common share on as-converted basis, including future dividend value.","Expected to close after Sept 30, 2025 and before Oct 20, 2025.","Reduces Apax preferred holdings by ~50% and Periphas by ~80%; CEO cites strong cash generation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":136370,"accession_number":"0001395942-25-000050","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q2 2025 revenue $482M (+9% YoY); raises full-year guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $482M (+9% YoY); auction fee revenue +24%; net income from cont. ops $33M (+212%).","Adjusted EBITDA $87M (+21%); Adj. Free Cash Flow $87M (+34%); operating cash flow $72M (+91%).","Marketplace dealer volume +21% YoY; GMV $7.5B (+10%); marketplace segment now 51% of consolidated Adj. EBITDA.","Raised FY2025 guidance: Adj. EBITDA to $310-320M (prev. $290-310M); Op. Adj. EPS to $1.12-1.17 (prev. $0.90-1.00)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":941800000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153514,"accession_number":"0001395942-25-000040","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"OPENLANE stockholders elect all nine director nominees, approve say-on-pay and KPMG as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Roy Mackenzie elected director by Series A Preferred holders with 35,797,296 votes for (unanimous).","Eight other directors (Altschuler, Galvin, Howell, Jacoby, Kelly, Kestner, Mehra, Smith) each elected with >125M votes for.","Advisory vote on executive compensation passed: 132,501,282 for, 1,592,364 against, 402,045 abstain.","Ratification of KPMG as independent auditor for 2025 passed: 137,810,265 for, 590,199 against, 396,681 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153513,"accession_number":"0001395942-25-000038","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-05-28T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"OPENLANE subsidiary increases Canadian receivables facility to C$375M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Program limit raised from C$300M to C$375M under Amendment No. 2 dated May 23, 2025.","Amendment involves Automotive Finance Canada Inc. and lender groups BMO and RBC.","Full text of Amendment No. 2 to be filed with Q2 2025 Form 10-Q."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153512,"accession_number":"0001395942-25-000026","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q1 revenue up 7% to $460M; income jumps 99%; new $250M buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Income from continuing operations $36.9M vs $18.5M YoY; Adj EBITDA $82.8M vs $74.8M (+11%).","Marketplace segment revenue $351.2M (+10% YoY); dealer consignment volume up 15%.","Cash from operations $122.6M vs $100.2M YoY; new share repurchase authorization of $250M through Dec 2026.","Finance segment revenue $108.9M (-2%); operating profit $39.7M vs $32.0M; credit losses down 34%.","FY 2025 guidance reaffirmed: Adj EBITDA $290-310M; diluted EPS from cont ops $0.38-0.48."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":460100000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":153511,"accession_number":"0001395942-25-000022","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-04-22T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"OPENLANE appoints Brad Herring as CFO, effective May 27, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brad Herring appointed EVP and CFO, effective May 27, 2025; reports to CEO Peter Kelly.","Herring previously served as CFO of Enfusion and Shift4 Payments; 30+ years financial experience.","Received $100,000 cash sign-on subject to repayment if voluntary termination within 2 years.","Severance: 1.5x base salary plus target bonus (non-change-of-control); 2x (change-of-control).","OPENLANE (NYSE: KAR) operates digital marketplaces for wholesale used vehicles."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":172245,"accession_number":"0001395942-25-000006","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2025-02-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q4 revenue $455M (+12% YoY); FY 2024 adjusted EBITDA $293M; 2025 guidance issued","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $455M (+12% YoY), income from continuing ops $52.3M vs $13.6M, adjusted EBITDA $72.7M (+18% YoY).","FY 2024 revenue $1.789B (+5% YoY), adjusted EBITDA $293M (+8% YoY); income from continuing ops $110M vs loss of $155M.","Marketplace volumes grew 9% YoY in Q4, dealer volumes up 15%; Marketplace adjusted EBITDA up 30% YoY in Q4.","Full year 2025 guidance: income from continuing ops $100-$114M, adjusted EBITDA $290-$310M.","Sold automotive key business in Dec 2024, recording $31.6M pretax gain."],"consensus_eps_estimate":null,"consensus_eps_actual":0.45,"consensus_revenue_estimate":null,"consensus_revenue_actual":1788500000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189238,"accession_number":"0001395942-24-000079","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-11-19T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"OPENLANE holds investor update webcast on Nov 19, 2024; no material financial details disclosed","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Company hosted a virtual investor update on November 19, 2024, with presentation slides furnished as Exhibit 99.1.","Slides provided in the filing contain only title pages; no specific financial or operational data were included in the extracted exhibit.","No guidance, earnings results, or operational metrics were disclosed in the 8-K or attached presentation text.","Forward-looking statements warning included; no update to previous outlook was provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189237,"accession_number":"0001395942-24-000075","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CFO Brad Lakhia to resign March 1, 2025; $500K sign-on waived for extended notice","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brad S. 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EBITDA $285-295M; diluted ops adj. net income per share $0.81-0.87.","Board authorized ~$5M increase in share repurchase program; $100M remains available."],"consensus_eps_estimate":null,"consensus_eps_actual":0.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":1296500000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":189235,"accession_number":"0001395942-24-000067","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-10-03T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"OPENLANE extends two receivables purchase facilities termination to Jan 2028","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["AFC subsidiary amended to extend facility termination from Jan 2026 to Jan 2028.","AFCI subsidiary amended to extend facility termination from Jan 2026 to Jan 2028.","Exclusion of a salvage dealer from total salvage concentration limit in AFC amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":205728,"accession_number":"0001395942-24-000058","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q2 revenue $432M (+4% YoY); adj. EBITDA $71M; updates FY 2024 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Marketplace volumes up 7% YoY; GMV ~$7B (+6% YoY).","Income from continuing ops $11M; adjusted EBITDA $71M vs $83.8M in Q2 2023.","FY2024 guidance: income from continuing ops $65-80M; adj. EBITDA $285-305M.","Recorded $12M Canadian Digital Services Tax charge ($10M prior years).","Year-to-date cash flow from operations $138M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":848100000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":222671,"accession_number":"0001395942-24-000050","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-06-20T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"OPENLANE announces departure of EVP Operations and CAO; appoints new CAO and director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sriram Subrahmanyam (EVP Operations) and Scott Anderson (CAO) to depart, remain in transitional roles through Q3 2024 and end of year respectively.","Dwayne Price promoted to Chief Accounting Officer effective June 23, 2024; previously VP Financial Planning & Analysis.","Board expanded to 9 directors; Randy Altschuler (CEO of Xometry) elected as director effective June 17, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":222670,"accession_number":"0001395942-24-000042","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"OPENLANE shareholders approve all five proposals at 2024 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Roy Mackenzie (Apax nominee) elected with 35,797,296 votes from Series A Preferred; no votes against.","Seven other director nominees elected; Stefan Jacoby received most votes against (15.7M).","Advisory say-on-pay approved with ~130.5M votes for (96.7%); broker non-votes 4.5M.","Omnibus Plan amendment approved with ~130M votes for (96.5% of votes cast).","Ratification of KPMG as auditor passed with ~138.6M votes for (99.5%)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":222669,"accession_number":"0001395942-24-000024","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q1 adj EBITDA $75M (+27% YoY); Marketplace volumes +13%; reaffirms FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Marketplace volumes +13% YoY (commercial +33%, dealer -8%); GMV $7B (+17%).","Adjusted EBITDA $75M vs $59M prior year (+27%); Marketplace at 47% of total adj EBITDA.","Revenue $416M (-1%); gross profit $202M (+3%); operating profit $69M (+6%).","Finance segment rev $98M (-2%); gross profit margin 82.9%; credit provision 2.3% of avg managed receivables.","Cash from ops $100M; FY2024 adj EBITDA guidance reaffirmed at $285-$305M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":416300000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242179,"accession_number":"0001395942-24-000007","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-02-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE FY 2023 revenue $1.65B (+8% YoY), adj. EBITDA $272M (+18%); 2024 guidance $285-305M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2023 revenue $1,645M (+8% YoY); adjusted EBITDA $272M (+18% YoY).","Q4 revenue $391M (+5% YoY); Q4 adj. EBITDA $61.8M (+9% YoY).","FY 2023 loss from continuing ops $155M including $251M non-cash impairment.","FY 2024 guidance: adj. EBITDA $285-305M; dil. EPS from cont. ops $0.20-$0.30.","Operating cash flow $237M in 2023; Marketplace Q4 volumes up 3% YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.82,"consensus_revenue_estimate":null,"consensus_revenue_actual":1645100000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":242178,"accession_number":"0001104659-24-005617","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2024-01-22T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"OPENLANE enters into C$175M Canadian revolver and C$50M sublimit to finance Manheim Canada acquisition","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["First Amendment establishes C$175M 2024 Canadian Revolving Facility for ADESA Auctions Canada.","Also creates a C$50M Canadian sublimit borrowable under the existing revolving facility.","Proceeds to partially fund asset acquisition from Manheim Canada, plus fees and working capital.","Interest on CORRA loans ranges from CORRA +2.50% to +3.00%; Prime loans from Prime +1.50% to +2.00%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":259583,"accession_number":"0001395942-23-000082","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q3 revenue $416M (+6% YoY); Adj. 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EPS $0.60-0.70.","Board authorized additional $20M share repurchase; total remaining ~$125M through Dec 2024.","Year-to-date cash flow from operations $216M."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.84,"consensus_revenue_estimate":null,"consensus_revenue_actual":1253800000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":276843,"accession_number":"0001395942-23-000076","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"OPENLANE Q2 revenue $416.9M (+9%), adjusted EBITDA $83.8M (+49%), net loss $193.8M on impairment charges","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $416.9M (+9% YoY); 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pro rata if oversubscribed; funded by Carvana sale proceeds.","Notes tendered below $140M will be fully repurchased; any excess subject to pro rata."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":294669,"accession_number":"0001395942-23-000043","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-05-02T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"KAR Q1 revenue +14%, adj EBITDA +20% to $58.9M; rebranding to OPENLANE May 15","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $420.6M (+14% YoY); income from continuing ops $12.7M ($0.01/share) vs loss of $8.4M.","Adjusted EBITDA $58.9M (+20% YoY); includes $11M impairment charge on early-stage auto investment.","FY 2023 guidance reaffirmed: adjusted EBITDA $250-$270M; operating adj net income $0.37-$0.47 per diluted share.","Rebranding to OPENLANE, Inc. effective May 15, 2023; all digital marketplaces will carry OPENLANE brand.","Marketplace rev ex purchased vehicles $265.5M (+11%); Finance loan transactions +13% and revenue per loan +5%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":420600000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":294668,"accession_number":"0001395942-23-000039","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-04-17T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"KAR Global appoints Brad Lakhia as EVP & CFO, effective April 17, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brad Lakhia appointed EVP and CFO effective Apr 17, 2023; reports to CEO Peter Kelly.","Succeeds Scott Anderson, who returns to Chief Accounting Officer role (interim CFO since Jan 1).","Lakhia previously VP Finance, Americas at Goodyear (unit with >$10B revenue); 25+ years experience.","Receives $500K cash sign-on (repayable if leaves within 2 years) and $400K RSU award vesting over 2 years.","Severance: 1.5x salary+bonus for without cause/good reason; 2x if within 2 years of change of control."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":315267,"accession_number":"0001395942-23-000037","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-03-31T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"KAR Global Executive Chairman Jim Hallett retires; Michael Kestner named Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James P. Hallett retires as Executive Chairman and Chairman of Board effective March 31, 2023, but remains a board member.","Michael T. Kestner, former Lead Independent Director, appointed Chairman effective April 1, 2023.","Peter Kelly continues as CEO of KAR Global.","Hallett led the company for over 25 years, including digital transformation and IAA spin-off."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":315266,"accession_number":"0001395942-23-000024","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-03-07T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"KAR Auction Services subsidiary ups Canadian receivables facility to CDN$300M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["AFCI, a KAR subsidiary, entered a new Receivables Purchase Agreement with BMO and RBC.","Facility commitment increased from CDN$225M to CDN$300M; maturity remains January 31, 2026.","Agreement adds provisions for alternative interest rate mechanisms.","Company acts as performance guarantor; trust structure secures loans with receivables pool."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":315265,"accession_number":"0001395942-23-000008","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-02-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"KAR Q4 revenue up 4% to $372.8M; adj. EPS $0.33; guides FY23 adj. EBITDA $250-270M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $372.8M (+4% YoY); income from continuing ops $41.9M ($0.21 diluted) vs $15.2M ($0.04) prior year.","Q4 adjusted EBITDA from continuing ops $56.5M vs $64.3M; operating adjusted net income $47.6M ($0.33 diluted).","Full year 2022 revenue $1,519.4M (+5%); adjusted EBITDA $231.2M vs $270.2M; repurchased 12.6M shares for ~$182M.","2023 guidance: income from continuing ops $33-48M; adjusted EBITDA $250-270M; operating adjusted EPS $0.37-0.47.","Finance segment Q4 loan transactions +15%, revenue per loan +11%; Marketplace gross profit per vehicle +3% to $297."],"consensus_eps_estimate":null,"consensus_eps_actual":1.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":1519400000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":315264,"accession_number":"0001395942-23-000004","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2023-01-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"KAR CFO Eric Loughmiller retires; Scott Anderson named Interim CFO effective Jan 1, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Eric M. Loughmiller retired as EVP and CFO effective December 31, 2022.","Scott A. Anderson appointed Interim CFO effective January 1, 2023, while continuing as Chief Accounting Officer.","Anderson has been CAO since March 2021, previously VP/Controller from 2007 to 2021.","Loughmiller to provide consulting services up to 6 months at $5,000 per month for transition.","No compensation agreement or arrangements between Anderson and others regarding his appointment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":333601,"accession_number":"0001395942-22-000069","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"KAR Auction Services CFO Eric Loughmiller to retire in January 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Eric M. Loughmiller notified company of retirement from EVP and CFO roles, effective January 2023.","Company will begin search for successor; Loughmiller to serve in advisory role post-retirement for smooth transition.","No successor named yet; transition expected to be orderly with advisory period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":333600,"accession_number":"0001395942-22-000066","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"KAR Q3 revenue $393M (+13% YoY); adjusted EBITDA $69.5M; repurchases $600M in debt","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $393.0M (+13% YoY); income from continuing ops $0.5M vs loss of $26.9M in Q3 2021.","Adjusted EBITDA $69.5M vs $66.6M; Marketplace gross profit per vehicle up 14% to $320.","Repurchased $600M of senior notes; bought $50M of stock in Q3 and $50M more in Oct at ~$12.79/sh.","Finance segment income from cont ops $36.3M vs $23.0M, driven by 16% higher revenue per loan.","Vehicles sold down 12% to 314,000; commercial -17%, dealer consignment -6%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":1146600000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":333599,"accession_number":"0001395942-22-000062","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-10-03T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"KAR Auction Services increases receivables facility to $2.0B, extends maturity to Jan 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate maximum commitment under US Receivables Purchase Agreement increased from $1.70B to $2.00B.","Termination date for both US and Canadian agreements extended from Jan 31, 2024 to Jan 31, 2026.","Discount rate now based on SOFR for one-month tenor plus a spread.","Required enhancement percentage reduced; net spread trigger for level one trigger favorably modified.","Canadian program limit remains at $225.0 million."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351081,"accession_number":"0001395942-22-000060","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-08-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"KAR Global receives $769M in tenders for $600M cap 2025 note buyback","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$769,097,000 principal tendered vs $600M cap; proration applied to accepted amount.","Company to accept $600M at $1,007.50 per $1,000 principal plus accrued interest.","Early settlement on August 17, 2022; withdrawal rights expired Aug 15.","J.P. Morgan acted as dealer manager; D.F. King as information agent.","Tendered amount represents 80.96% of $950M outstanding notes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":351080,"accession_number":"0001395942-22-000055","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-08-02T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"KAR Q2 revenue $384.2M, loss $0.10/sh; cuts FY22 Adj EBITDA guidance to $245-265M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue from continuing ops $384.2M (+2% YoY); loss from continuing ops $5.4M ($0.10 diluted loss per share).","Adjusted EBITDA from continuing ops $56.1M vs $62.1M a year ago; marketplace conversion rate fell to 36% from 48%.","FY2022 Adjusted EBITDA guidance lowered to $245-265M from prior range, citing conversion pressure if no price equilibrium.","Company commenced tender offer to purchase up to $600M of its 5.125% Senior Notes due 2025.","Repurchased $82M of common stock in Q2; had over $800M cash at June 30."],"consensus_eps_estimate":null,"consensus_eps_actual":1.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":753600000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368340,"accession_number":"0001395942-22-000050","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-06-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"KAR Auction Services holds investor update; no material new details disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor update conference call scheduled for 11:00 a.m. ET on June 14, 2022.","Presentation slides attached as Exhibit 99.1 but only title page provided in filing.","No specific financial guidance, strategic targets, or operational updates included in this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368339,"accession_number":"0001395942-22-000042","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-06-02T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"KAR Auction Services shareholders elect all director nominees, approve executive compensation, ratify KPMG","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Roy Mackenzie elected as Apax Investor nominee with 35,174,929 votes for, none against.","Nine other director nominees elected with over 138 million votes each; broker non-votes of 4,117,068.","Advisory vote on executive compensation approved: 142,390,582 for, 3,405,951 against.","Ratification of KPMG as auditor for FY2022 passed: 149,095,556 for, 818,089 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368338,"accession_number":"0001395942-22-000035","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-05-10T23:59:59+00:00","items":["2.01","5.02","7.01","9.01"],"status":"ready","headline":"KAR Global completes $2.2B sale of ADESA U.S. physical auction business to Carvana","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total cash consideration of $2.2B; includes 56 ADESA U.S. vehicle logistics centers and exclusive use of ADESA.com in U.S.","Chief Commercial Officer John Hammer departs KAR, joins Carvana; receives $1.716M separation payment.","Pro forma gain on sale estimated at ~$586.4M; $926.2M Term Loan B-6 repaid with proceeds.","KAR retains digital platforms OPENLANE, BacklotCars, CARWAVE, TradeRev, plus ADESA Canada/UK/Europe and AFC.","CEO Peter Kelly says sale advances digital strategy and simplifies business model for accelerated growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":368337,"accession_number":"0001395942-22-000030","cik":1395942,"company_name":"OPENLANE, Inc.","ticker":"OPLN","form_type":"8-K","filed_at":"2022-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"KAR posts Q1 revenue $369.4M, net loss $8.4M; expects Carvana deal close within week","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue from continuing ops flat at $369.4M; net loss from continuing ops $8.4M ($0.16 diluted loss per share).","Adjusted EBITDA from continuing ops fell to $49.1M from $77.2M in Q1 2021; includes $17M prior-year investment gains.","Expects to close ADESA U.S. physical auction sale to Carvana within a week; pro forma KAR to target $265M Adjusted EBITDA in 2022.","ADESA digital dealer-to-dealer volumes up 31% YoY; gross profit per vehicle sold rose to $255 from $248.","Board authorized $200M increase in share repurchase program, leaving ~$309M available for repurchases through Dec 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":369400000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3977216981.60813,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-05-03T23:59:59+00:00|368337"}