secwatch.observer — SEC 8-K summary
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Issuer:     OPENLANE, Inc. (OPLN)
CIK:        0001395942
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001395942-24-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1395942/000139594224000007/0001395942-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1395942/000139594224000007/kar-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001395942-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer