OPENLANE Q3 revenue $416M (+6% YoY); Adj. EBITDA $68M; boosts buyback $20M

OPENLANE, Inc.

2023-Q3 EPS reported -$1.84 revenue$1,253,800,000

Revenue $416M (+6% YoY); income from continuing ops $13M; Adjusted EBITDA $68M (Marketplace ~40%).
Marketplace volumes +8% YoY; both commercial and dealer transactions grew.
Annual guidance reaffirmed: Adj. EBITDA $250-270M; operating adj. EPS $0.60-0.70.
Board authorized additional $20M share repurchase; total remaining ~$125M through Dec 2024.
Year-to-date cash flow from operations $216M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OPENLANE, Inc. reported financial results for the three and nine months ended September 30, 2023.

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 1, 2023, OPENLANE, Inc. (“OPENLANE” or the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.

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OPENLANE, Inc. filing history →

Source: SEC EDGAR

accession 0001395942-23-000082

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