KAR Q2 revenue $384.2M, loss $0.10/sh; cuts FY22 Adj EBITDA guidance to $245-265M

OPENLANE, Inc.

2022-Q2 EPS reported $1.21 revenue$753,600,000

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.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.