---
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"
generated_at: "2026-06-16T03:10:39.210648+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KAR Q1 revenue +14%, adj EBITDA +20% to $58.9M; rebranding to OPENLANE May 15

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-23-000043
- JSON: https://secwatch.observer/filing/0001395942-23-000043.json
- Plain text: https://secwatch.observer/filing/0001395942-23-000043.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended March 31, 2023
  - Revenue: $420.6 million
  - Net income: $12.7 million
  - EPS: $0.01 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594223000043/0001395942-23-000043-index.htm

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