Kar Auction Services ( (KAR) ) has released its Q2 earnings. Here is a breakdown of the information Kar Auction Services presented to its investors.
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OPENLANE, Inc., a leader in the global wholesale used vehicle industry, offers technology-driven remarketing solutions that streamline transactions for buyers and sellers worldwide. The company recently reported its second quarter 2025 financial results, showcasing significant growth across various metrics. OPENLANE’s second quarter saw a 21% year-over-year increase in marketplace dealer volume and a 10% rise in Gross Merchandise Value (GMV) to $7.5 billion. The company’s revenue grew by 9% to $482 million, driven by a 24% increase in auction fee revenue. Additionally, income from continuing operations surged by 212% to $33 million, while adjusted EBITDA rose by 21% to $87 million. Cash flow from operating activities increased by 91% to $72 million, and adjusted free cash flow grew by 34% to $87 million. OPENLANE’s management highlighted the scalability of their digital operating model, with the marketplace segment now contributing 51% to consolidated adjusted EBITDA. The company also raised its full-year guidance for adjusted EBITDA and operating adjusted EPS, reflecting confidence in sustained growth and profitability. Looking ahead, OPENLANE is well-positioned to capitalize on the industry’s shift from physical to digital platforms and anticipates increased off-lease supply starting in 2026.