Earnings ·
OPENLANE reported second quarter 2026 financial results with revenue of $554.6 million, a 15% year-over-year increase…
KAROPENLANE, Inc.
OPENLANE reported second quarter 2026 financial results with revenue of $554.6 million, a 15% year-over-year increase, and net income of $44.3 million, up 33%. Adjusted EBITDA reached $103.2 million, representing 19% growth. Gross Merchandise Value (GMV) grew 41% to approximately $10.5 billion, driven by a 39% increase in commercial vehicles sold and a 13% rise in dealer vehicle sales. The company raised its full-year 2026 Adjusted EBITDA guidance to $385–$400 million from the previous range of $365–$385 million, citing strong momentum in off-lease commercial volumes and US dealer activity. OPENLANE operates a digital wholesale marketplace for used vehicles.