OPENLANE reported third-quarter 2026 revenue of $561.2 million, a 13% increase year-over-year, driven by an 18% rise in auction and related fees. Net income was $44.7 million, while Adjusted EBITDA grew 23% to $106.8 million. Gross Merchandise Value (GMV) increased 38% to approximately $10 billion, supported by a 46% surge in commercial vehicle sales and a 10% increase in dealer vehicles sold. The company narrowed its full-year 2026 net income guidance to $169 million–$177 million (previously $163 million–$176 million) and raised Adjusted EBITDA guidance to $390 million–$400 million. Additionally, the board authorized an increase in the share repurchase program by $150 million, bringing total authorization to $400 million. OPENLANE operates a digital wholesale marketplace for used vehicles and provides floorplan financing.
