OPENLANE(US:KAR)2025-05-07 20:18Q1 2025 Financial Performance - Total operating revenues increased to $460.1 million, compared to $429.9 million in Q1 2024[9] - Income from continuing operations rose to $36.9 million, significantly higher than the $18.5 million reported in Q1 2024[9] - Adjusted EBITDA reached $82.8 million, up from $74.8 million in the same period last year[9] - Income from continuing operations per share – diluted increased to $0.18, compared to $0.05 in Q1 2024[9] Marketplace Segment Highlights - Total Marketplace revenue increased to $351.2 million, up from $318.3 million in Q1 2024[10] - Auction fees increased to $125.2 million, compared to $109.9 million in Q1 2024[10] - Purchased vehicle sales increased to $85.7 million, compared to $58.2 million in Q1 2024[10] - Adjusted gross profit increased to $126.7 million, with an adjusted gross profit percentage of 47.7%[10] Finance Segment Highlights - Total Finance revenue decreased slightly to $108.9 million, compared to $111.6 million in Q1 2024[12] - Net Finance margin increased to $81.3 million, compared to $79.0 million in Q1 2024[12] - Total loan transaction units increased to 434,000, compared to 424,000 in Q1 2024[12] - Total receivables managed increased to $2,327.8 million, compared to $2,284.4 million in Q1 2024[12] 2025 Financial Guidance - The company projects income from continuing operations to be between $100 million and $114 million[4] - Adjusted EBITDA is projected to be between $290 million and $310 million[4] - Income from continuing operations per share – diluted is expected to be between $0.38 and $0.48[4]