Quarterly ResultAug 4, 2026, 07:08 AM
OPENLANE Q2 Adj. EBITDA +19% to $103M; Raises FY26 Guidance
AI Summary
OPENLANE, Inc. reported strong second-quarter 2026 financial results, with revenue increasing 15% to $555 million and Adjusted EBITDA growing 19% to $103 million. Net income rose 33% to $44 million. The company also raised its full-year 2026 guidance for Adjusted EBITDA to $385-$400 million and Operating Adjusted EPS to $1.40-$1.50, citing strong performance in both its marketplace and finance segments.
Key Highlights
- Q2 2026 Revenue increased 15% YoY to $555 million.
- Q2 2026 Net income grew 33% YoY to $44 million.
- Q2 2026 Adjusted EBITDA rose 19% YoY to $103 million.
- Full-year 2026 Adjusted EBITDA guidance raised to $385-$400 million.
- Full-year 2026 Operating Adjusted EPS guidance raised to $1.40-$1.50.
- Marketplace Gross Merchandise Value (GMV) increased 41% YoY to $10.5 billion.
- Marketplace commercial vehicles sold grew 39% YoY.
- Marketplace US dealer vehicles sold grew 31% YoY.
Price Impact
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