Quarterly ResultMay 5, 2026, 07:03 AM
OPENLANE Q1 Revenue $528M, Net Income $49M; Raises FY26 Guidance
AI Summary
OPENLANE, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 15% year-over-year to $528 million and net income growing 33% to $49 million. Adjusted EBITDA also saw a 17% increase to $97 million, driven by robust performance in its Marketplace business. Following these results, the company raised its full-year 2026 guidance for net income, Adjusted EBITDA, and diluted EPS, reflecting confidence in its strategy and market share gains.
Key Highlights
- Q1 2026 Revenue increased 15% YoY to $528 million.
- Q1 2026 Net income grew 33% YoY to $49 million.
- Q1 2026 Adjusted EBITDA rose 17% YoY to $97 million.
- Q1 2026 Cash flow from operating activities increased 30% YoY to $160 million.
- Marketplace commercial vehicles sold grew 25% YoY.
- Full-year 2026 Adjusted EBITDA guidance raised to $365-$385 million.
- Full-year 2026 Net income guidance raised to $147-$164 million.
- Full-year 2026 Operating Adjusted EPS guidance raised to $1.28-$1.42.