Highest-materiality recent filing
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 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 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%).
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 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).
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 Q2 revenue $432M (+4% YoY); adj. EBITDA $71M; updates FY 2024 guidance
Marketplace volumes up 7% YoY; GMV ~$7B (+6% YoY).
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 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 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 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 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 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