---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-22-000030"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:22:22.606257+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KAR posts Q1 revenue $369.4M, net loss $8.4M; expects Carvana deal close within week

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-22-000030
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000030/0001395942-22-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000030/kar-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-22-000030
- JSON: https://secwatch.observer/filing/0001395942-22-000030.json
- Plain text: https://secwatch.observer/filing/0001395942-22-000030.txt

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