Highest-materiality recent filing
Apax sells 8M OPENLANE shares in secondary offering; company buys back 727,590
Selling stockholder (Apax) priced secondary offering of 8,000,000 OPLN shares; gross proceeds ~$274.9M.
OPENLANE Q2 revenue up 15% to $555M, net income up 33% to $44M; raises FY2026 guidance
Revenue $555M (+15% YoY); net income $44M (+33% YoY); adjusted EBITDA $103M (+19% YoY).
OPENLANE elects David Hult to board, expands to ten directors
Board expanded to ten; David Hult elected effective June 12, 2026.
Roy Mackenzie elected as Apax-designated director by preferred stock class (16,939,789 votes for).
OPENLANE eliminates Series A Convertible Preferred Stock from charter
Filed Certificate of Elimination with Delaware Secretary of State on May 29, 2026.
OPENLANE Q1 revenue up 15% to $528M, net income up 33%; raises FY guidance
Revenue of $528M (+15% YoY); net income $49M (+33%); adjusted EBITDA $97M (+17%).
OPENLANE holds investor day presentation on March 3, 2026
OPENLANE (OPLN) filed an 8-K on March 3, 2026, announcing an investor day event.
OPENLANE reports Q4 revenue up 9% YoY to $494M, Adj EBITDA $76M; provides 2026 guidance
Q4 revenue $494M (+9% YoY); income from cont. ops $60M (+14%); Adj EBITDA $76M (+5%).
Director Sanjeev Mehra resigns from OPENLANE Board
Sanjeev Mehra resigned from OPENLANE's Board effective Jan 29, 2026.
OPENLANE ups Canadian receivables facility limit by C$125M to C$500M
Program limit under Canadian RPA increased from C$375M to C$500M via Amendment No. 3.
OPENLANE Q3 revenue $498M (+8% YoY), Adj. EBITDA $87M (+17%); raises FY guidance
Revenue $498M (+8% YoY), income from cont. ops $48M (+69% YoY).
OPENLANE completes repurchase of 53% of Series A Preferred Stock, raises $550M in term loans
Repurchased 288,322 Series A Preferred shares from Apax for $482.4M and 45,706 shares from Periphas for $76.5M.
OPENLANE to repurchase 53% of Series A Convertible Preferred for ~$559M
Repurchasing 334,028 preferred shares (~53% of Series A) from Apax and Periphas for ~$559M cash.
OPENLANE Q2 2025 revenue $482M (+9% YoY); raises full-year guidance
Revenue $482M (+9% YoY); auction fee revenue +24%; net income from cont. ops $33M (+212%).
OPENLANE stockholders elect all nine director nominees, approve say-on-pay and KPMG as auditor
Roy Mackenzie elected director by Series A Preferred holders with 35,797,296 votes for (unanimous).
OPENLANE subsidiary increases Canadian receivables facility to C$375M
Program limit raised from C$300M to C$375M under Amendment No. 2 dated May 23, 2025.
OPENLANE Q1 revenue up 7% to $460M; income jumps 99%; new $250M buyback
Income from continuing operations $36.9M vs $18.5M YoY; Adj EBITDA $82.8M vs $74.8M (+11%).
OPENLANE appoints Brad Herring as CFO, effective May 27, 2025
Brad Herring appointed EVP and CFO, effective May 27, 2025; reports to CEO Peter Kelly.
OPENLANE Q4 revenue $455M (+12% YoY); FY 2024 adjusted EBITDA $293M; 2025 guidance issued
Q4 revenue $455M (+12% YoY), income from continuing ops $52.3M vs $13.6M, adjusted EBITDA $72.7M (+18% YoY).
OPENLANE holds investor update webcast on Nov 19, 2024; no material financial details disclosed
Company hosted a virtual investor update on November 19, 2024, with presentation slides furnished as Exhibit 99.1.
CFO Brad Lakhia to resign March 1, 2025; $500K sign-on waived for extended notice
Brad S. Lakhia, EVP and CFO, notified OPENLANE of resignation effective March 1, 2025.
OPENLANE reports Q3 2024 revenue $448M (+8% YoY), adj. EBITDA $75M (+10%)
Income from continuing ops $28.4M vs $12.7M YoY; Marketplace segment contributed $4.8M.
OPENLANE extends two receivables purchase facilities termination to Jan 2028
AFC subsidiary amended to extend facility termination from Jan 2026 to Jan 2028.
OPENLANE Q2 revenue $432M (+4% YoY); adj. EBITDA $71M; updates FY 2024 guidance
Marketplace volumes up 7% YoY; GMV ~$7B (+6% YoY).
OPENLANE announces departure of EVP Operations and CAO; appoints new CAO and director
Sriram Subrahmanyam (EVP Operations) and Scott Anderson (CAO) to depart, remain in transitional roles through Q3 2024 and end of year respectively.
OPENLANE shareholders approve all five proposals at 2024 annual meeting
Roy Mackenzie (Apax nominee) elected with 35,797,296 votes from Series A Preferred; no votes against.
OPENLANE Q1 adj EBITDA $75M (+27% YoY); Marketplace volumes +13%; reaffirms FY guidance
Marketplace volumes +13% YoY (commercial +33%, dealer -8%); GMV $7B (+17%).
OPENLANE FY 2023 revenue $1.65B (+8% YoY), adj. EBITDA $272M (+18%); 2024 guidance $285-305M
Full-year 2023 revenue $1,645M (+8% YoY); adjusted EBITDA $272M (+18% YoY).
First Amendment establishes C$175M 2024 Canadian Revolving Facility for ADESA Auctions Canada.
OPENLANE Q3 revenue $416M (+6% YoY); Adj. EBITDA $68M; boosts buyback $20M
Revenue $416M (+6% YoY); income from continuing ops $13M; Adjusted EBITDA $68M (Marketplace ~40%).
Revenue $416.9M (+9% YoY); loss from continuing ops $193.8M (diluted EPS $(1.87)) driven by $221.4M net impairment charges.
OPENLANE enters $325M revolving credit facility, replacing prior credit agreement
Five-year $325M revolver with $65M L/C and $60M swingline sublimits.
OPENLANE completes tender offer for $140M of 5.125% notes due 2025, 40% tendered
OPENLANE accepted $140M principal of 5.125% Senior Notes due 2025, representing 40% of outstanding.
KAR Auction Services to rename to OPENLANE, Inc. effective May 15, 2023
Filed Certificate of Amendment with Delaware Secretary of State on May 10, 2023.
KAR Global commences $140M cash tender offer for its 5.125% Senior Notes due 2025
Offer to purchase up to $140M of $350M outstanding 5.125% Senior Notes due 2025.
KAR Q1 revenue +14%, adj EBITDA +20% to $58.9M; rebranding to OPENLANE May 15
Revenue $420.6M (+14% YoY); income from continuing ops $12.7M ($0.01/share) vs loss of $8.4M.
KAR Global appoints Brad Lakhia as EVP & CFO, effective April 17, 2023
Brad Lakhia appointed EVP and CFO effective Apr 17, 2023; reports to CEO Peter Kelly.
KAR Global Executive Chairman Jim Hallett retires; Michael Kestner named Chairman
James P. Hallett retires as Executive Chairman and Chairman of Board effective March 31, 2023, but remains a board member.
KAR Auction Services subsidiary ups Canadian receivables facility to CDN$300M
AFCI, a KAR subsidiary, entered a new Receivables Purchase Agreement with BMO and RBC.
KAR Q4 revenue up 4% to $372.8M; adj. EPS $0.33; guides FY23 adj. EBITDA $250-270M
Q4 revenue $372.8M (+4% YoY); income from continuing ops $41.9M ($0.21 diluted) vs $15.2M ($0.04) prior year.
KAR CFO Eric Loughmiller retires; Scott Anderson named Interim CFO effective Jan 1, 2023
Eric M. Loughmiller retired as EVP and CFO effective December 31, 2022.
KAR Auction Services CFO Eric Loughmiller to retire in January 2023
CFO Eric M. Loughmiller notified company of retirement from EVP and CFO roles, effective January 2023.
KAR Q3 revenue $393M (+13% YoY); adjusted EBITDA $69.5M; repurchases $600M in debt
Revenue $393.0M (+13% YoY); income from continuing ops $0.5M vs loss of $26.9M in Q3 2021.
KAR Auction Services increases receivables facility to $2.0B, extends maturity to Jan 2026
Aggregate maximum commitment under US Receivables Purchase Agreement increased from $1.70B to $2.00B.
KAR Global receives $769M in tenders for $600M cap 2025 note buyback
$769,097,000 principal tendered vs $600M cap; proration applied to accepted amount.
KAR Q2 revenue $384.2M, loss $0.10/sh; cuts FY22 Adj EBITDA guidance to $245-265M
Revenue from continuing ops $384.2M (+2% YoY); loss from continuing ops $5.4M ($0.10 diluted loss per share).
KAR Auction Services holds investor update; no material new details disclosed
Investor update conference call scheduled for 11:00 a.m. ET on June 14, 2022.
Roy Mackenzie elected as Apax Investor nominee with 35,174,929 votes for, none against.
KAR Global completes $2.2B sale of ADESA U.S. physical auction business to Carvana
Total cash consideration of $2.2B; includes 56 ADESA U.S. vehicle logistics centers and exclusive use of ADESA.com in U.S.
KAR posts Q1 revenue $369.4M, net loss $8.4M; expects Carvana deal close within week
Revenue from continuing ops flat at $369.4M; net loss from continuing ops $8.4M ($0.16 diluted loss per share).
the Board of Directors (the “Board”) of OPENLANE, Inc. (the “Company”) increased the size of the Board to ten (10) directors and elected David Hult as a director of the Company, effective June 12, 2026.
On April 22, 2025, the Board of Directors (“Board”) of OPENLANE, Inc. (the “Company”) appointed Bradley Herring as Executive Vice President and Chief Financial Officer of the Company, effective May 27, 2025.
On November 4, 2024, Brad S. Lakhia, the Company’s Executive Vice President and Chief Financial Officer, notified OPENLANE, Inc. (the “Company”) that he will resign from the Company effective March 1, 2025 to pursue another opportunity closer to family.
Scott A. Anderson, the Company’s Chief Accounting Officer and principal accounting officer, will depart from the Company but are expected to remain with the Company in transitional roles
Sriram Subrahmanyam, the Company’s Executive Vice President, Operations and President, Services and International Markets, and Scott A. Anderson, the Company’s Chief Accounting Officer and principal accounting officer, will depart from the Company
Dwayne Price will serve as Chief Accounting Officer and principal accounting officer of the Company, effective June 23, 2024.
appointed Brad S. Lakhia as Executive Vice President and Chief Financial Officer of the Company, effective immediately.
who served as interim Chief Financial Officer from January 1, 2023 through April 16, 2023. Mr. Anderson will continue to serve as the Company's Chief Accounting Officer and principal accounting officer.
James P. Hallett, the Executive Chairman and Chairman of the Board of Directors (the “Board”) of KAR Auction Services, Inc. (the “Company”), will retire from the Company effective March 31, 2023.
The Board appointed Michael T. Kestner, the Board’s Lead Independent Director, to serve as Chairman of the Board effective April 1, 2023.
Eric M. Loughmiller, who retired effective December 31, 2022.
appointed Scott A. Anderson to serve as the Company’s Interim Chief Financial Officer and principal financial officer, effective January 1, 2023.
Max materiality 0.85 · Median 0.60 · Most common event earnings