Openlane reports Q3 adjusted EPS 35c, consensus 27c

Reports Q3 revenue $498M, consensus $464.4M. Gross Merchandise Value of approximately $7.3B, representing 9% YoY growth. “OPENLANE’s (KAR) strategy – and the investments we’ve made to accelerate it – produced another strong quarter of organic growth and profitability, including 8% consolidated revenue growth and $87 million in Adjusted EBITDA,” said Peter Kelly, CEO of OPENLANE. “We grew dealer-to-dealer volumes by 14%, significantly outpacing the industry, gaining market share and evidencing the strength and growing preference of the OPENLANE brand. We are executing our growth strategy with precision, and remain well positioned for the inflection of off-lease vehicles in 2026 and beyond.”