OPENLANE, Inc. OPLN
OPENLANE is a leading digital marketplace for wholesale used vehicles operating in the United States, Canada and Europe. Our technology and people connect the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to facilitate approximately 1.5 million annual vehicle transactions with a gross merchandise value ("GMV") of $28.8 billion in 2025. GMV represents the total dollar value of vehicles sold through our marketplaces. Our portfolio of integrated technology, data analytics, financing, logistics and other remarketing solutions, combined with our vehicle logistics centers in Canada, power transactions on our marketplace and help advance our purpose: to make wholesale easy so our customers can be more successful.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.93B | $1.79B | $1.70B | $1.53B | $1.45B | $1.33B | $2.78B | $2.44B | $2.24B | $3.15B |
| SG&A | $445.2M | $408.6M | $421.8M | $436.3M | $420.7M | $374.5M | $662.0M | $608.8M | $531.7M | $583.1M |
| Total operating expenses | $1.74B | $1.61B | $1.83B | $1.43B | $1.32B | $1.26B | $2.47B | $2.10B | $1.91B | $2.65B |
| Operating income | $196.6M | $182.2M | -$135.8M | $94.7M | $127.5M | $69.2M | $314.1M | $340.1M | $326.5M | $499.0M |
| Interest expense | $18.1M | $21.8M | $25.2M | $40.2M | $125.7M | $128.2M | $189.5M | $191.2M | $163.2M | $138.8M |
| Pre-tax income | $192.2M | $157.9M | -$146.5M | $38.6M | $14.3M | -$64.8M | $130.1M | $151.9M | $158.4M | $355.3M |
| Income tax | $14.5M | $48.0M | $8.3M | $10.0M | $15.1M | $11.2M | $37.7M | $34.3M | $15.6M | $132.9M |
| Net income | $177.7M | $109.9M | -$154.1M | $241.2M | $66.5M | $500.0K | $188.5M | $328.0M | $362.0M | $222.4M |
| EPS, basic | -0.96 | 0.46 | -1.82 | 1.30 | 0.16 | -0.35 | 1.43 | 2.44 | 2.66 | 1.62 |
| EPS, diluted | -0.96 | 0.45 | -1.82 | 1.30 | 0.16 | -0.35 | 1.42 | 2.42 | 2.62 | 1.60 |
| Shares, diluted (wtd. avg.) | $106.9M | $109.2M | $109.1M | $116.3M | $123.0M | $129.3M | $132.9M | $135.7M | $138.0M | $139.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $141.5M | $143.0M | $158.9M | $277.7M | $203.4M | $784.3M | $453.4M | $304.7M | $303.5M | $177.9M |
| Receivables | $314.1M | $248.2M | $291.8M | $270.7M | $381.3M | $367.2M | $457.5M | $454.6M | $725.5M | $682.9M |
| Total current assets | $3.01B | $2.85B | $2.84B | $3.02B | $3.39B | $3.18B | $3.24B | $3.31B | $3.14B | $2.84B |
| Property, plant and equipment | $104.2M | $149.3M | $169.8M | $123.6M | $143.5M | $589.9M | $609.0M | $631.0M | $908.2M | $842.5M |
| Goodwill | $1.24B | $1.22B | $1.27B | $1.46B | $1.60B | $1.16B | $1.82B | $1.68B | $1.65B | $2.06B |
| Other intangibles | $102.7M | $117.7M | $136.1M | $135.9M | $159.1M | $211.3M | $207.9M | $227.4M | $375.6M | $461.0M |
| Total assets | $4.72B | $4.62B | $4.73B | $5.12B | $7.45B | $6.80B | $6.58B | $7.21B | $6.98B | $6.56B |
| Accounts payable | $665.8M | $547.6M | $556.6M | $551.2M | $785.3M | $688.9M | $704.6M | $691.3M | $682.7M | $648.5M |
| Short-term debt | $5.5M | $222.5M | $154.6M | $288.7M | $16.3M | $24.3M | $28.8M | $13.1M | $12.4M | $105.2M |
| Total current liabilities | $2.60B | $2.57B | $2.48B | $2.64B | $3.01B | $2.25B | $2.52B | $2.62B | $2.39B | $2.33B |
| Long-term debt | $530.1M | $0 | $202.4M | $205.3M | $1.85B | $1.85B | $1.86B | $2.65B | $2.67B | $2.37B |
| Retained earnings | $586.7M | $689.8M | $624.4M | $822.9M | $625.7M | $600.7M | $651.0M | $392.3M | $257.0M | $74.1M |
| Total equity | $1.24B | $1.34B | $1.33B | $1.52B | $1.51B | $1.62B | $1.65B | $1.46B | $1.48B | $1.40B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $391.9M | $292.8M | $237.0M | $4.1M | $233.9M | $179.1M | $380.8M | $438.6M | $359.3M | $378.0M |
| Depreciation and amortisation | $91.7M | $95.2M | $101.5M | $100.2M | $109.9M | $109.1M | $188.7M | $172.4M | $171.5M | $240.6M |
| Stock-based compensation | $14.6M | $14.7M | $16.5M | $16.6M | $13.2M | $11.8M | $19.6M | $19.6M | $20.4M | $18.1M |
| Capital expenditure | $55.4M | $53.0M | $52.0M | $60.9M | $64.2M | $62.8M | $161.6M | $131.3M | $97.3M | $155.1M |
| Investing cash flow | -$149.0M | -$70.9M | -$90.5M | $70.0M | -$1.19B | -$288.9M | -$415.0M | -$315.1M | -$323.2M | -$763.6M |
| Financing cash flow | -$257.9M | -$173.9M | -$279.9M | -$1.62B | $204.0M | $213.6M | -$1.16B | -$315.8M | -$100.6M | $436.0M |
| Dividends paid | — | — | — | $0 | $0 | $49.0M | — | — | — | — |
| Buybacks | $45.6M | $30.0M | $22.2M | $182.2M | $180.9M | $10.2M | $119.7M | $150.0M | $150.0M | $80.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-048054.
Others in SIC 5500
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|---|---|---|---|---|
| CVNA | CARVANA CO. | $53.53B | 8.8x | 48.6% |
| CPRT | COPART INC | $31.22B | 21.2x | 9.7% |
| CASY | CASEYS GENERAL STORES INC | $27.98B | 39.5x | 10.2% |
| PAG | PENSKE AUTOMOTIVE GROUP, INC. | $14.43B | 15.6x | -0.2% |
| MUSA | Murphy USA Inc. | $9.40B | 21.2x | -4.2% |
| KMX | CARMAX INC | $8.98B | 37.7x | -1.8% |
| LAD | LITHIA MOTORS INC | $8.50B | 12.0x | 4.0% |
| AN | AUTONATION, INC. | $7.02B | 12.5x | 3.2% |