{"schema_version":"secwatch.filing_event.v1","accession":"0001395942-23-000043","form_type":"8-K","ticker":"OPLN","cik":"0001395942","company_name":"OPENLANE, Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.689116+00:00","generated_at":"2026-06-16T03:10:39.210648+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"KAR Q1 revenue +14%, adj EBITDA +20% to $58.9M; rebranding to OPENLANE May 15","bullets":["Revenue $420.6M (+14% YoY); income from continuing ops $12.7M ($0.01/share) vs loss of $8.4M.","Adjusted EBITDA $58.9M (+20% YoY); includes $11M impairment charge on early-stage auto investment.","FY 2023 guidance reaffirmed: adjusted EBITDA $250-$270M; operating adj net income $0.37-$0.47 per diluted share.","Rebranding to OPENLANE, Inc. effective May 15, 2023; all digital marketplaces will carry OPENLANE brand.","Marketplace rev ex purchased vehicles $265.5M (+11%); Finance loan transactions +13% and revenue per loan +5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001395942-23-000043","json":"https://secwatch.observer/filing/0001395942-23-000043.json","markdown":"https://secwatch.observer/filing/0001395942-23-000043.md","text":"https://secwatch.observer/filing/0001395942-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000043/0001395942-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000043/kar-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:10:39.210648+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"78051fb6570d917ac8e46509c346966cf852124b","claim":"OPENLANE, Inc. reported the three months ended March 31, 2023 results: revenue $420.6 million, net income $12.7 million, EPS $0.01 per diluted share. Guidance reaffirmed.","evidence_excerpt":"Total revenue was $420.6 million, an increase of 14% for the first quarter of 2023, compared with $369.4 million for the first quarter of 2022. • Income from continuing operations of $12.7 million, or $0.01 per diluted share, for the first quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000043/0001395942-23-000043-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$420.6 million"},{"label":"Net income","value":"$12.7 million"},{"label":"EPS","value":"$0.01 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}