earnings
confidence high
sentiment positive
materiality 0.75
OPENLANE Q4 revenue $455M (+12% YoY); FY 2024 adjusted EBITDA $293M; 2025 guidance issued
OPENLANE, Inc.
2024-FY EPS reported
$0.45
revenue$1,788,500,000
- Q4 revenue $455M (+12% YoY), income from continuing ops $52.3M vs $13.6M, adjusted EBITDA $72.7M (+18% YoY).
- FY 2024 revenue $1.789B (+5% YoY), adjusted EBITDA $293M (+8% YoY); income from continuing ops $110M vs loss of $155M.
- Marketplace volumes grew 9% YoY in Q4, dealer volumes up 15%; Marketplace adjusted EBITDA up 30% YoY in Q4.
- Full year 2025 guidance: income from continuing ops $100-$114M, adjusted EBITDA $290-$310M.
- Sold automotive key business in Dec 2024, recording $31.6M pretax gain.