---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-22-000055"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T05:48:02.598481+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-22-000055
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000055/0001395942-22-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000055/kar-20220802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-22-000055
- JSON: https://secwatch.observer/filing/0001395942-22-000055.json
- Plain text: https://secwatch.observer/filing/0001395942-22-000055.txt

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