---
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"
generated_at: "2026-06-28T15:00:59.209082+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KAR reports Q3 net loss of $1M; revenue down 10% to $535M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-21-000092
- JSON: https://secwatch.observer/filing/0001395942-21-000092.json
- Plain text: https://secwatch.observer/filing/0001395942-21-000092.txt

## Key facts
- Executive change
  Sanjeev Mehra was elected as Director at OPENLANE, Inc..
  - Action: elected
  - Role: Director
  source text: elected Sanjeev Mehra to the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594221000092/0001395942-21-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.