OPENLANE, Inc. Reports Third Quarter 2025 Financial Results

Financial Performance: OPENLANE, Inc. reported a 14% year-over-year growth in dealer volume, with a Gross Merchandise Value (GMV) of approximately $7.3 billion, reflecting a 9% increase. Revenue reached $498 million, an 8% growth driven by a 20% rise in auction fee revenue.

Profitability Metrics: The company achieved an income from continuing operations of $48 million, marking a 69% year-over-year increase, and an Adjusted EBITDA of $87 million, which is a 17% growth compared to the previous year.

Guidance Update: OPENLANE raised its full-year guidance for Adjusted EBITDA and Operating Adjusted EPS, reflecting confidence in its growth strategy and market positioning ahead of an expected increase in off-lease vehicles in 2026.

Operational Insights: The company's asset-light, digital operating model has demonstrated strong scalability, and management is focused on investments to sustain positive momentum and enhance long-term shareholder value.