EarningsQ1 2026 Earnings Report
MX:KAR1 Q1 2026 EPS Results
Actual EPS$6.30
Consensus EPS$5.49
Beat/MissBeat by +$0.81
One Year Ago EPS$5.58
MX:KAR1 Q1 2026 Revenue Results
Actual Revenue$9.50B
Expected Revenue$8.87B
Beat/MissBeat by +$633.26M
YoY Revenue Growth+14.74%
Earnings Announcement Details
QuarterQ1 2026
Date05/05/2026
TimeBefore Open
Conference CallTuesday, May 5, 2026
MX:KAR1 Upcoming Earnings
OPENLANE's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MX:KAR1 Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported a very strong, record first quarter with broad marketplace momentum (GMV, vehicle volumes, revenue, EBITDA and cash generation) and meaningful product/technology progress. Headline metrics and a raised full‑year EBITDA outlook point to positive operating leverage and market share gains. Offsetting items include yield and mix pressures (notably in U.S. dealer and commercial yields), modest pressure in finance yields and a one‑time mix effect from a large new private‑label customer, plus macro and regional risks that could temper back‑half performance. On balance, the positive operational and financial progress materially outweigh the transitory and structural challenges discussed.Company Guidance
Record Quarter — Revenue and EBITDA Growth
Total revenue of $528 million, up 15% year‑over‑year; consolidated adjusted EBITDA of $97 million, up 17% — the highest quarter in company history as a digital marketplace.
Marketplace GMV and Volume Expansion
Marketplace GMV grew 32% to $9.1 billion; consolidated vehicles sold increased 19% year‑over‑year; Marketplace adjusted EBITDA of $52 million (up 39%) and margin expanded to 12% (+160 basis points).
Strong Dealer and Commercial Performance
U.S. dealer-to-dealer transactions accelerated to the upper‑20% range (outpacing the industry); dealer category GMV +20% (vehicles sold +13%, avg vehicle values +6%); commercial GMV +38% driven by a 25% increase in vehicles sold (excluding a step‑function new private‑label customer, commercial vehicles sold grew ~6%).
Finance Segment Cash Generation and Stability
AFC average receivables managed of $2.4 billion (up 3%); AFC adjusted EBITDA of $45 million; trailing 12‑month adjusted free cash flow of $259 million and adjusted FCF conversion of 75% (above the 65%–70% expected range).
Raised Full‑Year Adjusted EBITDA Guidance
Full year adjusted EBITDA guidance increased from $350M–$370M to $365M–$385M; incremental raise driven entirely by stronger Marketplace performance (U.S. dealer and U.S. commercial).
Product and Tech Momentum
Public release of OPENLANE Intelligence (human + AI insights), launch of predictive pricing (30/60/90 day forward view), and Canada MyLot inventory management SaaS (hundreds of early sign‑ups) — reinforcing technology differentiation and new revenue streams.
Customer Experience and Market Adoption
Transactional NPS scores in the 'excellent' range (U.S. seller NPS highest); growth in new buyers, sellers and unique vehicles listed each up >20% in the U.S.; nearly doubled commercial vehicles sold in higher‑margin open channel year‑over‑year.
Strong Liquidity and Capital Actions
Unrestricted cash of $180 million, revolver capacity >$400 million; repurchased 964,000 shares in Q1 at an average $27.20 (~0.7% of fully diluted share count) and prioritized organic growth, repurchases, then debt paydown.
MX:KAR1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed