Openlane reports Q2 adjusted EPS 33c, consensus 22c

Reports Q2 revenue $482M, consensus $454.5M. Reports Gross Merchandise Value of approximately $7.5B, representing 10% YoY growth. “OPENLANE (KAR) delivered a very strong second quarter, growing auction fee revenue by 24%, delivering $87 million in Adjusted EBITDA and generating $87 million in Adjusted Free Cash Flow,” said Peter Kelly, CEO of OPENLANE. “The growing strength, presence and preference of the OPENLANE brand was evidenced by 21% dealer volume growth, double-digit increases in unique buying and selling dealers and dealer market share gains achieved during the quarter. Looking ahead, we remain well positioned to benefit from the ongoing industry transition from physical to digital and the anticipated increase in off-lease supply beginning in 2026.”