Strong Overall Growth and Profitability
OPENLANE reported a 9% increase in revenue, $87 million in adjusted EBITDA representing 21% growth, and strong cash flow generation. EBITDA margins expanded by 190 basis points to 18%.
Significant Dealer-to-Dealer Volume Growth
Dealer-to-dealer volumes increased by 21%, marking the third consecutive quarter of double-digit volume increases. Auction fee revenue grew by 24% and marketplace adjusted EBITDA increased by 36%.
Successful Strategic Investments
The growth was attributed to strategic investments in people, technology, and go-to-market approaches, reflecting increasing market recognition of the OPENLANE brand.
Raising 2025 Guidance
Based on strong performance, OPENLANE revised its full-year adjusted EBITDA guidance from $290-$310 million to $310-$320 million and operating adjusted EPS from $0.90-$1.00 to $1.12-$1.17.
Finance Segment Performance
The Finance segment grew average managed receivables and increased adjusted EBITDA by 9% while maintaining a low loan loss rate of 1.5%.