OPENLANE reports Q3 2024 revenue $448M (+8% YoY), adj. EBITDA $75M (+10%)

OPENLANE, Inc.

2024-Q3 EPS reported $0.17 revenue$1,296,500,000

Income from continuing ops $28.4M vs $12.7M YoY; Marketplace segment contributed $4.8M.
Marketplace volumes up 6% YoY to 359K vehicles; GMV ~$6.7B (+12% YoY).
Marketplace adjusted EBITDA $35.8M (+34% YoY) driven by commercial volume growth.
FY 2024 guidance: adj. EBITDA $285-295M; diluted ops adj. net income per share $0.81-0.87.
Board authorized ~$5M increase in share repurchase program; $100M remains available.

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