---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-22-000066"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:45:18.297889+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KAR Q3 revenue $393M (+13% YoY); adjusted EBITDA $69.5M; repurchases $600M in debt

## Summary
- Revenue $393.0M (+13% YoY); income from continuing ops $0.5M vs loss of $26.9M in Q3 2021.
- Adjusted EBITDA $69.5M vs $66.6M; Marketplace gross profit per vehicle up 14% to $320.
- Repurchased $600M of senior notes; bought $50M of stock in Q3 and $50M more in Oct at ~$12.79/sh.
- Finance segment income from cont ops $36.3M vs $23.0M, driven by 16% higher revenue per loan.
- Vehicles sold down 12% to 314,000; commercial -17%, dealer consignment -6%.

## SEC filing metadata
- accession: 0001395942-22-000066
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1395942/000139594222000066/0001395942-22-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000066/kar-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-22-000066
- JSON: https://secwatch.observer/filing/0001395942-22-000066.json
- Plain text: https://secwatch.observer/filing/0001395942-22-000066.txt

## Key facts
- Earnings Releases
  OPENLANE, Inc. reported three and nine months ended September 30, 2022 results: revenue $393.0 million, net income $0.5 million, EPS $(0.09) per diluted share.
  - Period: three and nine months ended September 30, 2022
  - Revenue: $393.0 million
  - Net income: $0.5 million
  - EPS: $(0.09) per diluted share
  - Result: reported results
  source text: opportunities ahead and believe our digital strategy and differentiated offerings position us well for the future." Third Quarter 2022 Financial Highlights • Total revenue was $393.0 million, an increase of 13% for the third quarter of 2022, compared with $347.1 million for the third quarter of 2021. • Income from continuing operations of $0.5 million, or $(0.09) per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594222000066/0001395942-22-000066-index.htm

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