OPENLANE Q1 revenue rises 15%

OPENLANE

05/05/2026 12:24

Overview

US digital auto marketplace's Q1 revenue rose 15% yr/yr, driven by auction and related fees

Q1 net income increased 33% yr/yr to $49 mln

Company raised full-year 2026 guidance for net income, adjusted EBITDA, and operating adjusted EPS

Outlook

OPENLANE raises 2026 net income guidance to $147-$164 mln from $130-$147 mln

Company lifts 2026 adjusted EBITDA forecast to $365-$385 mln from $350-$370 mln

OPENLANE now expects 2026 operating adjusted EPS of $1.28-$1.42, up from $1.24-$1.38

Result Drivers

MARKETPLACE GROWTH - Co said strong performance in Marketplace business, with 19% growth in vehicles sold, drove results

COMMERCIAL & DEALER VOLUME - Commercial vehicles sold grew 25% yr/yr and dealer vehicles sold grew 13% yr/yr, contributing to overall growth

Company press release: ID:nPn9DVf3wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$48.90 mln
Q1 Operating Expenses
$454.10 mln
Q1 Operating Income
$73.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "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 $34.50, about 7.6% above its May 4 closing price of $32.06

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)