OPENLANE, Inc. Reports Third Quarter 2025 Financial Results

Core Insights - OPENLANE, Inc. reported strong third-quarter financial results with 8% consolidated revenue growth and $87 million in Adjusted EBITDA, indicating effective execution of its growth strategy [2][5] - The company experienced a 14% increase in dealer-to-dealer volumes, significantly outpacing industry growth and demonstrating the strength of the OPENLANE brand [2][5] - OPENLANE has raised its 2025 financial guidance, reflecting confidence in its strategy and positive year-to-date results [3][5] Financial Performance - Revenue for the third quarter reached $498 million, an 8% increase year-over-year, driven by a 20% growth in auction fee revenue [5] - Adjusted EBITDA for the quarter was $87 million, representing a 17% year-over-year growth [5] - Income from continuing operations was $48 million, marking a 69% increase compared to the previous year [5] Updated Guidance - The revised annual guidance for 2025 includes: - Income from continuing operations: $139 - $144 million, up from the previous range of $132 - $140 million [3] - Adjusted EBITDA: $328 - $333 million, increased from $310 - $320 million [3] - Operating Adjusted EPS: $1.22 - $1.26, revised from $1.12 - $1.17 [3] Market Position - OPENLANE's asset-light, digital operating model showcases strong scalability characteristics, positioning the company well for future growth, particularly with the anticipated increase in off-lease vehicles in 2026 [2][5] - The company continues to invest in initiatives that will enhance its market share and long-term shareholder value [2][5]