OPENLANE, Inc. filed an 8-K on November 5, 2025, announcing strong financial results for the third quarter ended September 30, 2025, driven by robust digital marketplace adoption.
Q3 2025 Financial Performance: Revenue grew 8% year-over-year (YoY) to \(498.4M, fueled by a 20% increase in auction fees per vehicle sold (\)366) and a 14% YoY growth in dealer consignment volumes, outpacing industry trends. Adjusted EBITDA increased 17% YoY to \(87.1M, with the margin expanding to 17.5%. Income from continuing operations grew 69% YoY to \)48M ($0.25 diluted EPS). The Finance segment operating prof
...