{"schema_version":"secwatch.filing_event.v1","accession":"0001395942-23-000076","form_type":"8-K","ticker":"OPLN","cik":"0001395942","company_name":"OPENLANE, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.778566+00:00","generated_at":"2026-06-12T12:28:12.058390+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"OPENLANE Q2 revenue $416.9M (+9%), adjusted EBITDA $83.8M (+49%), net loss $193.8M on impairment charges","bullets":["Revenue $416.9M (+9% YoY); loss from continuing ops $193.8M (diluted EPS $(1.87)) driven by $221.4M net impairment charges.","Adjusted EBITDA $83.8M (+49%, incl. $20M early termination payment); Marketplace adj EBITDA $43.5M vs $5.0M prior year.","Operating adjusted net income $36.8M ($0.25/diluted share) vs $6.6M ($0.04) in Q2 2022.","FY2023 guidance: Adj EBITDA $250-270M reaffirmed; op adj net income per share $0.60-0.70; GAAP EPS loss $(1.92)-$(1.80).","Recorded non-cash impairments: goodwill $225.3M (U.S. D2D & Europe) and $25.5M ADESA tradename; net debt reduced $117.5M in H1."],"urls":{"canonical":"https://secwatch.observer/filing/0001395942-23-000076","json":"https://secwatch.observer/filing/0001395942-23-000076.json","markdown":"https://secwatch.observer/filing/0001395942-23-000076.md","text":"https://secwatch.observer/filing/0001395942-23-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000076/0001395942-23-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000076/kar-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T12:28:12.058390+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":"1122a719bb088589ceabaac269fc202b513c2358","claim":"OPENLANE, Inc. updated its the fiscal year ending December 31, 2023 guidance (reaffirmed).","evidence_excerpt":"The company’s previously stated annual guidance for Adjusted EBITDA remains unchanged, while the company's other guidance measures have been updated as shown below. Annual Guidance Income (loss) from continuing operations ( in millions ) ($166) - ($153) Adjusted EBITDA ( in millions ) $250 - $270 Income (loss) from continuing operations per share - diluted * ($1.92) - ($1.80) Operating adjusted net income from continuing operations per share - diluted $0.60 - $0.70","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000076/0001395942-23-000076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ending December 31, 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"8eef214104c223d8c010fdee8380d6d6c3ea6e5d","claim":"OPENLANE, Inc. reported the three months ended June 30, 2023 results: revenue $416.9 million, net income $193.8 million, EPS $(1.87) per diluted share.","evidence_excerpt":"Total revenue of $416.9 million, an increase of 9% year-over-year • Loss from continuing operations of $193.8 million, or $(1.87) per diluted share, driven by non-cash goodwill and intangibles impairment charges of $221.4 million, net of tax impacts","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1395942/000139594223000076/0001395942-23-000076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$416.9 million"},{"label":"Net income","value":"$193.8 million"},{"label":"EPS","value":"$(1.87) per diluted share"},{"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"}