---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-24-000007"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:54:09.401325+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OPENLANE FY 2023 revenue $1.65B (+8% YoY), adj. EBITDA $272M (+18%); 2024 guidance $285-305M

## Summary
- Full-year 2023 revenue $1,645M (+8% YoY); adjusted EBITDA $272M (+18% YoY).
- Q4 revenue $391M (+5% YoY); Q4 adj. EBITDA $61.8M (+9% YoY).
- FY 2023 loss from continuing ops $155M including $251M non-cash impairment.
- FY 2024 guidance: adj. EBITDA $285-305M; dil. EPS from cont. ops $0.20-$0.30.
- Operating cash flow $237M in 2023; Marketplace Q4 volumes up 3% YoY.

## SEC filing metadata
- accession: 0001395942-24-000007
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000007/0001395942-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000007/kar-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-24-000007
- JSON: https://secwatch.observer/filing/0001395942-24-000007.json
- Plain text: https://secwatch.observer/filing/0001395942-24-000007.txt

## Key facts
- Earnings Releases
  OPENLANE, Inc. reported three months and year ended December 31, 2023 results: revenue $1,645 million, net income Loss from continuing operations of $155 million. Guidance reaffirmed.
  - Period: three months and year ended December 31, 2023
  - Revenue: $1,645 million
  - Net income: Loss from continuing operations of $155 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: volume growth, revenue growth and margin expansion, results that I believe position OPENLANE for future growth and success." 2023 Financial Highlights • Total revenue of $1,645 million, an increase of 8% • Loss from continuing operations of $155 million, including a $251 million non-cash impairment • Adjusted EBITDA of $272 million, an increase of 18%, with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000007/0001395942-24-000007-index.htm

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