Openlane reports Q1 adjusted EPS 31c, consensus 22c

Reports Q1 revenue $460M, consensus $444.93M. “OPENLANE (KAR) delivered a strong start to 2025, building on our positive momentum and delivering record performance in many areas, particularly within the marketplace business,” said Peter Kelly, CEO. “We grew revenue by 7%, delivered $83M in Adjusted EBITDA and generated $123 million in cash flow from operations. It is clear that the OPENLANE brand is becoming more differentiated and valued in the eyes of our growing customer base, and I remain confident about OPENLANE’s positioning for long-term growth. Looking ahead, there are still many questions and unknowns relating to tariffs and their potential impact on the industry. We are operating with discipline, considering all potential scenarios and actively communicating with our customers. Given the asset-light, strong cash generation and resilient characteristics of our business, all evidenced in our Q1 performance, I believe OPENLANE is better positioned than ever to adapt, react and successfully navigate the environment.”