OPENLANE, Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $561 million, up 13% YoY, driven by 18% auction-fee growth
- ➤Adjusted EBITDA $107 million, up 23% YoY
- ➤Marketplace GMV approximately $10.0 billion, up 38% YoY
- ➤2026 guidance raised: adjusted EBITDA $390-$400 million
- ➤Share repurchase authorization increased $150 million to $400 million, extended through December 31, 2027
Expert Statements
Peter Kelly, CEO of OPENLANE
“The positive momentum OPENLANE sustained in the third quarter reinforces the strength of our strategy and the differentiated value we deliver to the market.”
Peter Kelly, CEO of OPENLANE
“We grew consolidated revenue by 13%, delivered Adjusted EBITDA of $107 million and grew marketplace GMV by 38% to $10 billion.”
Peter Kelly, CEO of OPENLANE
“Our US dealer volumes grew 22%, meaningfully outpacing the industry, while our commercial business accelerated from the upward inflection of off-lease volumes.”
Peter Kelly, CEO of OPENLANE
“And we believe the recent changes to our competitive landscape provide OPENLANE with a unique opportunity to gain additional market share.”
Brad Herring, CFO of OPENLANE
“OPENLANE's focused execution continues to fuel growth and deliver compelling operational and financial results.”
Brad Herring, CFO of OPENLANE
“We are successfully leveraging OPENLANE's unique advantages with AFC's independent dealers and the franchise dealers in our private label programs.”
Brad Herring, CFO of OPENLANE
“We are extending our lead in technology, improving the customer experience and gaining in brand preference.”
Brad Herring, CFO of OPENLANE
“And we remain well positioned to close out 2026 and enter the new year with strength and momentum.”
OPENLANE, Inc. Reports Third Quarter 2026 Financial Results PR Newswire
* Marketplace commercial vehicles sold growth of 46% YoY * Marketplace dealer vehicles sold growth of 10% YoY, driven by 22% growth in US dealer vehicles sold * Gross Merchandise Value (GMV) of approximately $10.0 billion, representing 38% YoY growth * Revenue of $561 million, representing 13% YoY growth, driven by 18% growth in auction and related fees * Net income of $45 million * Adjusted EBITDA of $107 million, representing 23% YoY growth * Cash flow from operating activities of $97 million, representing 34% YoY growth CARMEL, Ind., Nov. 4, 2026 /PRNewswire/ -- OPENLANE, Inc. (NYSE: OPLN), today reported its third quarter financial results for the period ended September 30, 2026.
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