OPLN

EX-99.1

2 exhibit991-q22026earningsr.htm

EXHIBIT 99.1 - EARNINGS RELEASE

Document

EXHIBIT 99.1

EARNINGS RELEASE

For Immediate Release

Analyst Inquiries:

Media Inquiries:

Bill Wright

Laurie Dippold

(317) 249-4559

(317) 468-3900

investor_relations@openlane.com

laurie.dippold@openlane.com

OPENLANE, Inc. Reports Second Quarter 2026 Financial Results

•Marketplace commercial vehicles sold growth of 39% YoY

•Marketplace dealer vehicles sold growth of 13% YoY, driven by 31% growth in US dealer vehicles sold

•Gross Merchandise Value (GMV) of approximately $10.5 billion, representing 41% YoY growth

•Revenue of $555 million, representing 15% YoY growth, driven by 21% growth in auction and related fees

•Net income of $44 million, representing 33% YoY growth

•Adjusted EBITDA of $103 million, representing 19% YoY growth

•Cash flow from operating activities of $53 million

Carmel, IN, August 4, 2026 — OPENLANE, Inc. (NYSE: OPLN), today reported its second quarter financial results for the period ended June 30, 2026.

"OPENLANE’s strong performance in the second quarter clearly demonstrates the powerful growth engine this company has built," said Peter Kelly, CEO of OPENLANE. "We grew consolidated revenue by 15%, delivered $103 million in Adjusted EBITDA, and increased marketplace GMV by 41% to $10.5 billion. Our commercial business is benefitting from the early stages of the off-lease inflection, and we grew US dealer volumes by over 30%, significantly outperforming the industry. I am pleased to raise OPENLANE’s 2026 consolidated Adjusted EBITDA guidance and confident in our ability to continue accelerating this positive momentum."

"OPENLANE remains well positioned in the market, and we are executing a strategy that is delivering results across the company," said Brad Herring, EVP and CFO of OPENLANE. "AFC continued to fuel the marketplace and contributed $46 million in Adjusted EBITDA. Our technology teams are releasing innovative features and new revenue-generating products and services. And as our 2025 go-to-market investments ramp towards full capacity, we are leaning into additional investments in 2026 based on that success."

2026 Guidance

The company is updating its annual guidance to the following:

Previous Guidance (May 5, 2026)Revised Guidance (August 4, 2026)

Net income (in millions)

$147 - $164 $163 - $176

Adjusted EBITDA (in millions)

$365 - $385 $385 - $400

Net income per share - diluted *

$1.09 - $1.23 $1.23 - $1.33

Operating Adjusted EPS

$1.28 - $1.42 $1.40 - $1.50

* The company uses the two-class method of calculating net income per diluted share. Under the two-class method, net income is adjusted for dividends and undistributed earnings (losses) to the holders of the Series A Preferred Stock (based on the weighted average number of participating securities outstanding during the period). The weighted average diluted shares used in the net income per diluted share calculation reflect the additional common shares resulting from the conversion of the remaining preferred shares into shares of common stock, weighted from the dates of conversion. Previous guidance assumed conversion in June 2026; revised guidance reflects the actual conversion in May 2026.

Earnings guidance does not contemplate future items such as business development activities, strategic developments (such as restructurings, spin-offs or dispositions of assets or investments), contingent purchase price adjustments, significant expenses related to litigation, tax adjustments, adverse changes in the value of foreign currencies relative to the U.S. dollar, changes in applicable laws and regulations (including significant accounting, tax and trade matters) and intangible impairments. The timing and amounts of these items are highly variable, difficult to predict, and of a potential size that could have a substantial impact on the company’s reported results for any given period. See reconciliations of the company's guidance included below.

Earnings Conference Call Information

OPENLANE will be hosting an earnings conference call and webcast on Tuesday, August 4, 2026 at 8:30 a.m. ET. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call. A live webcast will be available at the investor relations section of corporate.openlane.com. Supplemental financial information for OPENLANE’s second quarter 2026 results is available at the investor relations section of corporate.openlane.com.

The archive of the webcast will be available following the call at the investor relations section of corporate.openlane.com for a limited time.

About OPENLANE

OPENLANE, Inc. (NYSE: OPLN) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair an

EX-99.1

2 exhibit991-q12026earningsr.htm

EXHIBIT 99.1 - EARNINGS RELEASE

Document

EXHIBIT 99.1

EARNINGS RELEASE

For Immediate Release

Analyst Inquiries:

Media Inquiries:

Bill Wright

Laurie Dippold

(317) 249-4559

(317) 468-3900

investor_relations@openlane.com

laurie.dippold@openlane.com

OPENLANE, Inc. Reports First Quarter 2026 Financial Results

•Marketplace commercial vehicles sold growth of 25% YoY

•Marketplace dealer vehicles sold growth of 13% YoY

•Gross Merchandise Value (GMV) of approximately $9.1 billion, representing 32% YoY growth

•Revenue of $528 million, representing 15% YoY growth, driven by 22% growth in auction and related fees

•Net income of $49 million, representing 33% YoY growth

•Adjusted EBITDA of $97 million, representing 17% YoY growth

•Cash flow from operating activities of $160 million, representing 30% YoY growth

Carmel, IN, May 5, 2026 — OPENLANE, Inc. (NYSE: OPLN), today reported its first quarter financial results for the period ended March 31, 2026.

"OPENLANE started 2026 strong, growing consolidated revenue by 15%, delivering $97 million in Adjusted EBITDA and generating $160 million in cash flow from operations," said Peter Kelly, CEO of OPENLANE. "These results were led by strong performance in the Marketplace business where we grew vehicles sold by 19% including US dealer-to-dealer volume growth in the upper 20% range and solid commercial volume growth throughout the quarter. Our strategy and execution are delivering results, and it is clear that OPENLANE’s unique inventory, technology advantage and superior customer experience are capturing market share, expanding our network, and accelerating growth."

"OPENLANE’s first quarter performance is compelling evidence to the scalability of our business model and the differentiated value OPENLANE provides in the market," said Brad Herring, CFO of OPENLANE. "Our US dealer business continued to accelerate, our finance business responsibly balanced growth and risk, and we are still in the infancy stages of the off-lease volume return. And while no industry is immune to macroeconomic or geopolitical impacts, we remain confident in our ability to execute our plan and deliver on our increased full year guidance."

2026 Guidance

The company is updating its annual guidance to the following:

Previous Guidance

(February 18, 2026)

Revised Guidance

(May 5, 2026)

Net income (in millions) $130 - $147 $147 - $164

Adjusted EBITDA (in millions) $350 - $370 $365 - $385

Net income per share - diluted *$0.95 - $1.09

$1.09 - $1.23

Operating Adjusted EPS $1.24 - $1.38 $1.28 - $1.42

* The company uses the two-class method of calculating net income per diluted share. Under the two-class method, net income is adjusted for dividends (including deemed dividends) and undistributed earnings (losses) to the holders of the Series A Preferred Stock. The weighted average diluted shares used in the net income per diluted share calculation assumes conversion of the remaining preferred shares to common shares in June 2026.

Earnings guidance does not contemplate future items such as business development activities, strategic developments (such as restructurings, spin-offs or dispositions of assets or investments), contingent purchase price adjustments, significant expenses related to litigation, tax adjustments, adverse changes in the value of foreign currencies relative to the U.S. dollar, changes in applicable laws and regulations (including significant accounting, tax and trade matters) and intangible impairments. The timing and amounts of these items are highly variable, difficult to predict, and of a potential size that could have a substantial impact on the company’s reported results for any given period. See reconciliations of the company's guidance included below.

Earnings Conference Call Information

OPENLANE will be hosting an earnings conference call and webcast on Tuesday, May 5, 2026 at 8:30 a.m. ET. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call. A live webcast will be available at the investor relations section of corporate.openlane.com. Supplemental financial information for OPENLANE’s first quarter 2026 results is available at the investor relations section of corporate.openlane.com.

The archive of the webcast will be available following the call at the investor relations section of corporate.openlane.com for a limited time.

About OPENLANE

OPENLANE, Inc. (NYSE: OPLN) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe,

EX-99.1

2 exhibit991-q42025earningsr.htm

EXHIBIT 99.1 - EARNINGS RELEASE

Document

EXHIBIT 99.1

EARNINGS RELEASE

For Immediate Release

Analyst Inquiries:

Media Inquiries:

Bill Wright

Laurie Dippold

(317) 249-4559

(317) 468-3900

investor_relations@openlane.com

laurie.dippold@openlane.com

OPENLANE, Inc. Reports 2025 Financial Results

Fourth Quarter Highlights

•Marketplace dealer volume growth of 9% YoY

•Gross Merchandise Value (GMV) of approximately $7.1 billion, representing 8% YoY growth

•Revenue of $494 million, representing 9% YoY growth, driven by 12% growth in auction and related fees

•Income from continuing operations of $60 million, representing 14% YoY growth

•Adjusted EBITDA of $76 million, representing 5% YoY growth

•Cash flow from operating activities of $126 million

Full Year Highlights

•Marketplace dealer volume growth of 15% YoY

•GMV of approximately $29 billion, representing 6% YoY growth

•Revenue of $1,935 million, representing 8% YoY growth, driven by 13% growth in auction and related fees

•Income from continuing operations of $178 million, representing 62% YoY growth

•Adjusted EBITDA of $333 million, representing 13% YoY growth

•Cash flow from operating activities of $392 million, representing 34% YoY growth

Carmel, IN, February 18, 2026 — OPENLANE, Inc. (NYSE: OPLN), today reported its fourth quarter and annual financial results for the period ended December 31, 2025.

"OPENLANE’s strong fourth quarter and full-year 2025 results are compelling proof points to the strength of our strategy and our ability to execute with precision," said Peter Kelly, CEO of OPENLANE. "On a full-year basis, OPENLANE sold nearly 1.5 million vehicles and generated $1.9 billion in total revenue, $333 million in Adjusted EBITDA, and $392 million in cash flow from operations. This was driven by particularly strong performance in our dealer-to-dealer business which, despite a challenging fourth quarter macro environment in Canada, continued to accelerate in the U.S., outpacing the industry and taking share. OPENLANE begins 2026 with positive momentum and remains well positioned to capture the opportunities from the industry’s continued migration toward digital and the inflection of off-lease volumes beginning in the first quarter of 2026."

"OPENLANE’s performance in 2025 further reinforces the strength and scalability of OPENLANE’s digital operating model," said Brad Herring, EVP and CFO of OPENLANE. "The investments we’ve made in people, technology and the OPENLANE brand are further differentiating us in the market, and compounding our growth. And our results, coupled with our positive outlook for 2026, fuel our confidence in OPENLANE’s ability to deliver long-term growth and shareholder value."

2026 Guidance

Annual Guidance

Net income (in millions)

$130 - $147

Adjusted EBITDA (in millions)

$350 - $370

Net income per share - diluted *

$0.95 - $1.09

Operating Adjusted EPS

$1.24 - $1.38

* The company uses the two-class method of calculating net income per diluted share. Under the two-class method, net income is adjusted for dividends (including deemed dividends) and undistributed earnings (losses) to the holders of the Series A Preferred Stock. The weighted average diluted shares used in the net income per diluted share calculation assumes conversion of the remaining preferred shares to common shares in June 2026.

Earnings guidance does not contemplate future items such as business development activities, strategic developments (such as restructurings, spin-offs or dispositions of assets or investments), contingent purchase price adjustments, significant expenses related to litigation, tax adjustments, adverse changes in the value of foreign currencies relative to the U.S. dollar, changes in applicable laws and regulations (including significant accounting, tax and trade matters) and intangible impairments. The timing and amounts of these items are highly variable, difficult to predict, and of a potential size that could have a substantial impact on the company’s reported results for any given period. See reconciliations of the company's guidance included below.

Earnings Conference Call Information

OPENLANE will be hosting an earnings conference call and webcast on Wednesday, February 18, 2026 at 8:30 a.m. ET. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call. A live webcast will be available at the investor relations section of corporate.openlane.com. Supplemental financial information for OPENLANE’s fourth quarter and annual 2025 results is available at the investor relations section of corporate.openlane.com.

The archive of the webcast will be available following the call at the investor relations section of corporate.openlane.com for a limited time.

Investor Day

As previously announced, OPENLANE will host its in-person Investor Day on Tuesday, March 3, 2026, in Fort Lauderdale, Florida. During the event, members of OPE