Highest-materiality recent filing
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%).
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.
Max materiality 0.80 · Median 0.60 · Most common event earnings