Auto auction platform OPENLANE Q3 revenue up 8%, income rises 69%

OPENLANE

05/11/2025 12:06

Overview

OPENLANE Q3 revenue grows 8% YoY, driven by 20% growth in auction fee revenue

Income from continuing operations rises 69% YoY, reflecting strong profitability

Company raises full-year guidance for Adjusted EBITDA and Operating Adjusted EPS

Outlook

OPENLANE raises 2025 Adjusted EBITDA guidance to $328-$333 mln

Company revises 2025 Operating Adjusted EPS to $1.22-$1.26

OPENLANE anticipates off-lease vehicle inflection in 2026

Result Drivers

DEALER VOLUME GROWTH - Marketplace dealer volume increased by 14%, outpacing industry growth and contributing to GMV rise

AUCTION FEE REVENUE - 20% growth in auction fee revenue drove overall revenue growth

DIGITAL MODEL - Asset-light, digital operating model supports scalability and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.25
Q3 Net Income
$47.90 mln
Q3 Operating Expenses
$443.40 mln
Q3 Operating Income
$55 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

Wall Street's median 12-month price target for Openlane Inc is $30.00, about 11.5% above its November 4 closing price of $26.56

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nPn4g2qZDa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)