8-K
filed February 21, 2023, 6:59 PM ET
ticker OPLN
CIK 0001395942
earnings
confidence high
sentiment neutral
materiality 0.70
KAR Q4 revenue up 4% to $372.8M; adj. EPS $0.33; guides FY23 adj. EBITDA $250-270M
OPENLANE, Inc.
2022-FY EPS reported
$1.30
revenue$1,519,400,000
- Q4 revenue $372.8M (+4% YoY); income from continuing ops $41.9M ($0.21 diluted) vs $15.2M ($0.04) prior year.
- Q4 adjusted EBITDA from continuing ops $56.5M vs $64.3M; operating adjusted net income $47.6M ($0.33 diluted).
- Full year 2022 revenue $1,519.4M (+5%); adjusted EBITDA $231.2M vs $270.2M; repurchased 12.6M shares for ~$182M.
- 2023 guidance: income from continuing ops $33-48M; adjusted EBITDA $250-270M; operating adjusted EPS $0.37-0.47.
- Finance segment Q4 loan transactions +15%, revenue per loan +11%; Marketplace gross profit per vehicle +3% to $297.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OPENLANE, Inc. reported three months ended December 31, 2022 results: EPS 0.21.
- Period
- three months ended December 31, 2022
- EPS
- 0.21
- Result
- reported results
Exact text from the filing
Total revenue was $372.8 million, an increase of 4% for the fourth quarter of 2022, compared with $357.7 million for the fourth quarter of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OPENLANE, Inc. reported three months ended December 31, 2022 results: EPS 0.21.
- Period
- three months ended December 31, 2022
- EPS
- 0.21
- Result
- reported results
Exact text from the filing
Income from continuing operations of $41.9 million, or $0.21 per diluted share, for the fourth quarter of 2022, compared with $15.2 million, or $0.04 per diluted share, for the fourth quarter of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OPENLANE, Inc. reported annual 2023 results: EPS -0.08 - 0.02. Guidance initiated.
- Period
- annual 2023
- EPS
- -0.08 - 0.02
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Annual Guidance Income from continuing operations ( in millions ) $33 - $48
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OPENLANE, Inc. reported annual 2023 results: EPS -0.08 - 0.02. Guidance initiated.
- Period
- annual 2023
- EPS
- -0.08 - 0.02
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Income (loss) from continuing operations per share - diluted * ($0.08) - $0.02
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OPENLANE, Inc. reported twelve months ended December 31, 2022 results: EPS -0.10.
- Period
- twelve months ended December 31, 2022
- EPS
- -0.10
- Result
- reported results
Exact text from the filing
Total revenue was $1,519.4 million, an increase of 5% for the year ended December 31, 2022, compared with $1,450.6 million for the year ended December 31, 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OPENLANE, Inc. reported twelve months ended December 31, 2022 results: EPS -0.10.
- Period
- twelve months ended December 31, 2022
- EPS
- -0.10
- Result
- reported results
Exact text from the filing
Income from continuing operations of $28.6 million, or $(0.10) per diluted share, for the year ended December 31, 2022, compared with a loss from continuing operations of $(0.8) million, or $(0.27) per diluted share, for the year ended December 31, 2021.
View on SEC.gov
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.