OPENLANE, Inc. (NYSE:OPLN) reported its third quarter 2026 financial results on November 4, 2026, for the period ended September 30, 2026, disclosing revenue of $561 million, net income of $44.7 million, and Gross Merchandise Value of approximately $10.0 billion.

Key Highlights

  • GMV of approximately $10.0 billion: representing 38% year-over-year growth, according to the filing.
  • Total operating revenues of $561.2 million: a 13% year-over-year increase, driven by 18% growth in auction and related fees.
  • Net income of $44.7 million: for the three months ended September 30, 2026, compared to $47.9 million in the same period of 2025.
  • Adjusted EBITDA of $107 million: representing 23% year-over-year growth, as reported by the company.
  • US dealer vehicles sold grew 22%: contributing to overall marketplace dealer vehicles sold growth of 10% year-over-year.
  • Share repurchase program expanded to $400 million: the board authorized an additional $150 million increase and extended the program through December 31, 2027, with approximately $250 million remaining available as of October 31, 2026.
  • Full-year 2026 guidance narrowed: revised net income guidance of $169 million to $177 million, and Adjusted EBITDA of $390 million to $400 million.

OPENLANE Q3 2026 Operating and Financial Results in Detail

According to the filing, OPENLANE reported total operating revenues of $561.2 million for the three months ended September 30, 2026, compared to $498.4 million in the prior-year period. Auction and related fees rose to $253.2 million from $215.2 million, SaaS and other revenue increased to $73.9 million from $65.3 million, purchased vehicle sales reached $119.4 million, and finance revenue was $114.7 million. Total operating expenses for the quarter were $490.8 million, yielding operating profit of $70.4 million. After interest expense of $10.0 million, a loss on extinguishment of debt of $0.7 million, and income taxes of $15.4 million, net income came to $44.7 million.

The company reported cash flow from operating activities of $97 million, representing 34% year-over-year growth, and cash and cash equivalents of $244.9 million as of September 30, 2026, up from $141.5 million at December 31, 2025. Finance receivables, net of allowances, stood at $2,763.8 million, compared to $2,425.4 million at year-end 2025. Total assets were $5,229.2 million as of September 30, 2026. Marketplace commercial vehicles sold grew 46% year-over-year, the filing stated.

Regarding full-year 2026 guidance, the company disclosed it is narrowing its outlook. Revised net income guidance is $169 million to $177 million (previously $163 million to $176 million), and revised Adjusted EBITDA guidance is $390 million to $400 million (previously $385 million to $400 million). Net income per diluted share guidance was revised to $1.27 to $1.34, and Operating Adjusted EPS to $1.45 to $1.52. The filing noted that earnings guidance does not contemplate future items such as business development activities, restructurings, significant litigation expenses, or adverse foreign currency changes.

What Was Disclosed

OPENLANE filed its third quarter 2026 earnings release on November 4, 2026, covering the period ended September 30, 2026. The filing reported revenue, net income, GMV growth, narrowed full-year guidance, and an expanded share repurchase authorization totaling $400 million through December 31, 2027.