---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-24-000024"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:32:05.534188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OPENLANE Q1 adj EBITDA $75M (+27% YoY); Marketplace volumes +13%; reaffirms FY guidance

## Summary
- Marketplace volumes +13% YoY (commercial +33%, dealer -8%); GMV $7B (+17%).
- Adjusted EBITDA $75M vs $59M prior year (+27%); Marketplace at 47% of total adj EBITDA.
- Revenue $416M (-1%); gross profit $202M (+3%); operating profit $69M (+6%).
- Finance segment rev $98M (-2%); gross profit margin 82.9%; credit provision 2.3% of avg managed receivables.
- Cash from ops $100M; FY2024 adj EBITDA guidance reaffirmed at $285-$305M.

## SEC filing metadata
- accession: 0001395942-24-000024
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2024-05-01T23:59:59+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/1395942/000139594224000024/0001395942-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594224000024/kar-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-24-000024
- JSON: https://secwatch.observer/filing/0001395942-24-000024.json
- Plain text: https://secwatch.observer/filing/0001395942-24-000024.txt

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