{"schema_version":"secwatch.filing_event.v1","accession":"0001395942-21-000092","form_type":"8-K","ticker":"OPLN","cik":"0001395942","company_name":"OPENLANE, Inc.","filed_at":"2021-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.359825+00:00","generated_at":"2026-06-28T15:00:59.209082+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KAR reports Q3 net loss of $1M; revenue down 10% to $535M","bullets":["Net loss of $1.0M ($0.10 diluted EPS) vs net income of $47.1M in Q3 2020.","Revenue $535.2M, down 10% YoY; adjusted EBITDA $96.6M vs $139.2M.","North American digital dealer-to-dealer volumes up 105% YoY (19% incl. BacklotCars pre-acquisition).","ADESA gross profit per vehicle sold up 10% to $274; total vehicles sold 586,000 vs 871,000.","Sanjeev Mehra, former Goldman partner and previous KAR director (2007-2013), elected to board."],"urls":{"canonical":"https://secwatch.observer/filing/0001395942-21-000092","json":"https://secwatch.observer/filing/0001395942-21-000092.json","markdown":"https://secwatch.observer/filing/0001395942-21-000092.md","text":"https://secwatch.observer/filing/0001395942-21-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1395942/000139594221000092/0001395942-21-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1395942/000139594221000092/kar-20211027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T15:00:59.209082+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aabff1b622","claim":"Sanjeev Mehra was elected as Director at OPENLANE, Inc..","evidence_excerpt":"elected Sanjeev Mehra to the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1395942/000139594221000092/0001395942-21-000092-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}