Online used-car retailer OPENLANE posts bigger Q2 income, raises guidance

OPENLANE

06/08/2025 12:55

Overview

OPENLANE Q2 revenue grows 9% YoY, driven by 24% auction fee revenue growth

Income from continuing operations rises 212% YoY, reflecting strong performance

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

Outlook

OPENLANE raises 2025 income guidance to $132-$140 mln

Company updates 2025 adjusted EBITDA guidance to $310-$320 mln

OPENLANE revises 2025 operating adjusted EPS to $1.12-$1.17

Result Drivers

AUCTION FEE REVENUE - Revenue growth driven by 24% increase in auction fee revenue

MARKETPLACE VOLUME - 21% growth in dealer volume reflects increased engagement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.15
Q2 Net Income
$33.40 mln
Q2 Operating Expenses
$434.30 mln
Q2 Operating Income
$47.40 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 $24.50, about 2.2% below its August 5 closing price of $25.04

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn4YL7R9a

(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.)