(OPLN) OPENLANE - Overview
Sector: Consumer Cyclical | Industry: Auto & Truck Dealerships | Exchange: NYSE (USA) | Market Cap: 3.750m USD | Total Return: 66.6% in 12m
Avg Turnover: 33.6M
EPS Trend: 89.9%
Qual. Beats: 1
Rev. Trend: 98.4%
Warnings
Extended 1w
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
OPENLANE, Inc. (NYSE: OPLN) operates a comprehensive digital marketplace for wholesale used vehicles across North America and Europe. The company facilitates transactions through two primary segments: Marketplace and Finance. The Marketplace segment provides SaaS-based remarketing solutions, logistics, reconditioning, and inspection services to a client base of commercial fleet operators, financial institutions, and automotive dealers. The Finance segment supports these transactions by offering floorplan financing, providing independent dealers with short-term, inventory-secured capital to manage liquidity.
The business model centers on the digital transformation of the wholesale automotive sector, shifting traditional physical auction volume toward mobile-enabled platforms to reduce transaction friction and overhead. As a key player in the remarketing industry, OPENLANE acts as a critical intermediary for high-volume sellers, such as rental car companies and manufacturers, who require efficient channels to offload large inventories. You may find more detailed fundamental data by reviewing the company profile on ValueRay.
Formerly known as KAR Auction Services, Inc., the company rebranded in 2023 to reflect its strategic focus on its unified digital platform. Headquartered in Carmel, Indiana, the firm integrates ancillary services like titling and collateral recovery to provide a vertically integrated solution for the used vehicle life cycle.
- Transition to asset-light digital marketplace models enhances consolidated operating margins
- Wholesale used vehicle volume fluctuations dictate marketplace transaction fee revenue
- Higher interest rates impact floorplan financing demand and net interest spreads
- Dealer inventory levels and consumer demand drive digital auction participation rates
- Expansion of value-added logistics and inspection services diversifies non-transactional revenue streams
| Net Income: 189.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 2.03 > 1.0 |
| NWC/Revenue: 21.89% < 20% (prev 17.62%; Δ 4.27% < -1%) |
| CFO/TA 0.09 > 3% & CFO 422.4m > Net Income 189.7m |
| Net Debt (2.14b) to EBITDA (433.3m): 4.93 < 3 |
| Current Ratio: 1.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (108.3m) vs 12m ago 0.89% < -2% |
| Gross Margin: 41.88% > 18% (prev 0.37%; Δ 4.15k% > 0.5%) |
| Asset Turnover: 41.26% > 50% (prev 38.37%; Δ 2.89% > 0%) |
| Interest Coverage Ratio: 2.60 > 6 (EBITDA TTM 433.3m / Interest Expense TTM 131.3m) |
| A: 0.09 (Total Current Assets 3.21b - Total Current Liabilities 2.77b) / Total Assets 4.90b |
| B: 0.13 (Retained Earnings 630.3m / Total Assets 4.90b) |
| C: 0.07 (EBIT TTM 341.4m / Avg Total Assets 4.85b) |
| D: 0.17 (Book Value of Equity 583.7m / Total Liabilities 3.36b) |
| Altman-Z'' = 1.66 = BB |
| DSRI: 0.98 (Receivables 2.86b/2.68b, Revenue 2.00b/1.84b) |
| GMI: 0.88 (GM 41.88% / 36.99%) |
| AQI: 0.97 (AQ_t 0.31 / AQ_t-1 0.32) |
| SGI: 1.09 (Revenue 2.00b / 1.84b) |
| TATA: -0.05 (NI 189.7m - CFO 422.4m) / TA 4.90b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of May 31, 2026, the stock is trading at USD 38.10 with a total of 887,315 shares traded.
Over the past week, the price has changed by +8.70%,
over one month by +20.57%,
over three months by +33.64% and
over the past year by +66.59%.
OPENLANE has no consensus analysts rating.
P/E Forward = 26.2467
P/S = 1.8731
P/B = 2.9918
P/EG = 1.2188
Revenue TTM = 2.00b USD
EBIT TTM = 341.4m USD
EBITDA TTM = 433.3m USD
Long Term Debt = 529.7m USD (from longTermDebt, last quarter)
Short Term Debt = 1.72b USD (from shortTermDebt, last quarter)
Debt = 2.35b USD (from shortLongTermDebtTotal, last quarter) + Leases 52.7m
Net Debt = 2.14b USD (calculated: Debt 2.35b - CCE 216.9m)
Enterprise Value = 5.89b USD (3.75b + Debt 2.35b - CCE 216.9m)
Interest Coverage Ratio = 2.60 (Ebit TTM 341.4m / Interest Expense TTM 131.3m)
EV/FCF = 16.09x (Enterprise Value 5.89b / FCF TTM 365.8m)
FCF Yield = 6.21% (FCF TTM 365.8m / Enterprise Value 5.89b)
FCF Margin = 18.27% (FCF TTM 365.8m / Revenue TTM 2.00b)
Net Margin = 9.47% (Net Income TTM 189.7m / Revenue TTM 2.00b)
Gross Margin = 41.88% ((Revenue TTM 2.00b - Cost of Revenue TTM 1.16b) / Revenue TTM)
Gross Margin QoQ = 44.19% (prev 39.55%)
Tobins Q-Ratio = 1.20 (Enterprise Value 5.89b / Total Assets 4.90b)
Interest Expense / Debt = 5.58% (Interest Expense 131.3m / Debt 2.35b)
Taxrate = 25.11% (16.4m / 65.3m)
NOPAT = 255.7m (EBIT 341.4m * (1 - 25.11%))
Current Ratio = 1.16 (Total Current Assets 3.21b / Total Current Liabilities 2.77b)
Debt / Equity = 1.52 (Debt 2.35b / totalStockholderEquity, last quarter 1.54b)
Debt / EBITDA = 4.93 (Net Debt 2.14b / EBITDA 433.3m)
Debt / FCF = 5.84 (Net Debt 2.14b / FCF TTM 365.8m)
Total Stockholder Equity = 1.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.91% (Net Income 189.7m / Total Assets 4.90b)
RoE = 12.81% (Net Income TTM 189.7m / Total Stockholder Equity 1.48b)
RoCE = 16.98% (EBIT 341.4m / Capital Employed (Equity 1.48b + L.T.Debt 529.7m))
RoIC = 6.69% (NOPAT 255.7m / Invested Capital 3.82b)
WACC = 7.21% (E(3.75b)/V(6.10b) * Re(9.12%) + D(2.35b)/V(6.10b) * Rd(5.58%) * (1-Tc(0.25)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -41.40 | Cagr: -12.08%
[DCF] Terminal Value 77.97% ; FCFF base≈323.9m ; Y1≈371.3m ; Y5≈546.5m
[DCF] Fair Price = 57.46 (EV 8.22b - Net Debt 2.14b = Equity 6.09b / Shares 105.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.86 | EPS CAGR: 35.91% | SUE: 0.91 | # QB: 1
Revenue Correlation: 98.43 | Revenue CAGR: 8.92% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.35 | Chg30d=+1.19% | Revisions=+27% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.37 | Chg30d=-1.18% | Revisions=-9% | Analysts=7
EPS current Year (2026-12-31): EPS=1.39 | Chg30d=+5.23% | Revisions=+56% | GrowthEPS=+12.0% | GrowthRev=+10.0%
EPS next Year (2027-12-31): EPS=1.64 | Chg30d=+4.75% | Revisions=+45% | GrowthEPS=+18.1% | GrowthRev=+6.5%
[Analyst] Revisions Ratio: +56%