---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-23-000008"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:43:37.713282+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KAR Q4 revenue up 4% to $372.8M; adj. EPS $0.33; guides FY23 adj. EBITDA $250-270M

## Summary
- 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.

## SEC filing metadata
- accession: 0001395942-23-000008
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/kar-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-23-000008
- JSON: https://secwatch.observer/filing/0001395942-23-000008.json
- Plain text: https://secwatch.observer/filing/0001395942-23-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm
- Earnings Releases
  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
  source text: Annual Guidance Income from continuing operations ( in millions ) $33 - $48
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm
- Earnings Releases
  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
  source text: Income (loss) from continuing operations per share - diluted * ($0.08) - $0.02
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000008/0001395942-23-000008-index.htm

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