Openlane reports Q1 adjusted EPS 35c, consensus 30c

Reports Q1 revenue $528M, consensus $492.72M. “OPENLANE (OPLN) started 2026 strong, growing consolidated revenue by 15%, delivering $97 million in Adjusted EBITDA and generating $160 million in cash flow from operations,” said Peter Kelly, CEO of OPENLANE. “These results were led by strong performance in the Marketplace business where we grew vehicles sold by 19% including US dealer-to-dealer volume growth in the upper 20% range and solid commercial volume growth throughout the quarter. Our strategy and execution are delivering results, and it is clear that OPENLANE’s unique inventory, technology advantage and superior customer experience are capturing market share, expanding our network, and accelerating growth.”