Quarterly ResultAug 4, 2026, 10:36 AM
OPENLANE Q2 Revenue $554.6M, Net Income $44.3M, Diluted EPS $0.32
AI Summary
OPENLANE, Inc. reported strong financial results for the second quarter of 2026, with total operating revenues increasing 15.1% to $554.6 million and net income rising 32.6% to $44.3 million. Diluted earnings per share more than doubled to $0.32. The company also continued its share repurchase program, buying back 602,100 common shares during the quarter, and completed the conversion of its Series A convertible preferred stock into common stock.
Key Highlights
- Total operating revenues for Q2 2026 increased 15.1% to $554.6 million from $481.7 million in Q2 2025.
- Net income for Q2 2026 rose 32.6% to $44.3 million, compared to $33.4 million in Q2 2025.
- Diluted EPS for Q2 2026 was $0.32, a significant increase from $0.15 in Q2 2025.
- Net income attributable to common stockholders for Q2 2026 was $37.6 million, up 125.1% from $16.7 million.
- The company repurchased 602,100 common shares in Q2 2026 at a weighted average price of $36.39.
- Approximately $156.6 million remained available under the 2025 share repurchase program as of June 30, 2026.
- Series A convertible preferred stock was fully converted into common stock in May 2026.
Price Impact
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