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OPENLANE (KAR) Financials

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$22.77 +0.02 (+0.09%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$22.80 +0.04 (+0.15%)
As of 05/28/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for OPENLANE

Annual Income Statements for OPENLANE

This table shows OPENLANE's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
110 -154 241
Consolidated Net Income / (Loss)
110 -154 241
Net Income / (Loss) Continuing Operations
110 -155 29
Total Pre-Tax Income
158 -147 39
Total Operating Income
182 -136 95
Total Gross Profit
1,789 1,696 1,529
Total Revenue
1,789 1,696 1,529
Operating Revenue
1,789 1,696 1,529
Total Cost of Revenue
0.00 0.00 0.00
Total Operating Expenses
1,606 1,832 1,435
Selling, General & Admin Expense
409 422 436
Depreciation Expense
95 102 100
Other Operating Expenses / (Income)
1,103 1,057 932
Impairment Charge
0.00 251 0.00
Other Special Charges / (Income)
0.00 0.00 -34
Total Other Income / (Expense), net
-24 -11 -56
Interest Expense
22 26 57
Other Income / (Expense), net
-2.50 16 1.30
Income Tax Expense
48 8.30 10
Net Income / (Loss) Discontinued Operations
0.00 0.70 213
Basic Earnings per Share
$0.46 ($1.82) $1.30
Weighted Average Basic Shares Outstanding
106.91M 108.05M 108.92M
Diluted Earnings per Share
$0.45 ($1.82) $1.30
Weighted Average Diluted Shares Outstanding
106.91M 108.05M 108.92M
Weighted Average Basic & Diluted Shares Outstanding
106.91M 108.05M 108.92M

Quarterly Income Statements for OPENLANE

This table shows OPENLANE's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
37 52 28 11 19 14 13 -194 13 37 -5.80
Consolidated Net Income / (Loss)
37 52 28 11 19 14 13 -194 13 37 -5.80
Net Income / (Loss) Continuing Operations
37 52 28 11 19 14 13 -194 13 42 0.50
Total Pre-Tax Income
53 69 42 18 29 21 25 -213 20 60 7.20
Total Operating Income
52 -16 73 56 69 -73 67 -195 65 8.70 50
Total Gross Profit
219 990 196 186 416 882 200 417 196 1,015 183
Total Revenue
460 492 448 432 416 442 416 417 421 383 393
Operating Revenue
460 492 448 432 416 442 416 417 421 383 393
Total Cost of Revenue
242 -498 252 246 0.00 -440 216 0.00 224 -632 210
Operating Cost of Revenue
242 - 252 246 - - 216 - 224 - 210
Total Operating Expenses
167 1,006 123 130 347 955 134 611 131 1,006 133
Selling, General & Admin Expense
107 95 99 106 109 95 107 111 108 84 109
Depreciation Expense
23 23 24 24 24 25 26 27 23 24 24
Other Operating Expenses / (Income)
37 - - - 214 - - 223 - - -
Total Other Income / (Expense), net
1.00 85 -32 -38 -40 94 -41 -19 -45 51 -43
Interest Expense
4.00 -91 35 37 40 -91 39 40 38 -43 42
Other Income / (Expense), net
5.00 -5.40 3.60 -0.20 -0.50 3.10 -1.70 21 -7.10 7.70 -1.20
Income Tax Expense
16 17 13 7.50 11 7.60 13 -19 7.30 18 6.70
Net Income / (Loss) Discontinued Operations
0.00 - 0.00 0.00 0.00 0.70 0.00 0.00 0.00 -4.80 -6.30
Basic Earnings per Share
$0.18 $0.29 $0.12 $0.00 $0.05 $0.03 $0.01 ($1.87) $0.01 $0.26 ($0.15)
Weighted Average Basic Shares Outstanding
107.38M 106.91M 106.84M 108.62M 108.30M 108.05M 108.02M 109.45M 109.21M 108.92M 108.91M
Diluted Earnings per Share
$0.18 $0.28 $0.12 $0.00 $0.05 $0.03 $0.01 ($1.87) $0.01 $0.26 ($0.15)
Weighted Average Diluted Shares Outstanding
107.38M 106.91M 106.84M 108.62M 108.30M 108.05M 108.02M 109.45M 109.21M 108.92M 108.91M
Weighted Average Basic & Diluted Shares Outstanding
107.38M 106.91M 106.84M 108.62M 108.30M 108.05M 108.02M 109.45M 109.21M 108.92M 108.91M

Annual Cash Flow Statements for OPENLANE

This table details how cash moves in and out of OPENLANE's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
25 -119 74
Net Cash From Operating Activities
291 235 -455
Net Cash From Continuing Operating Activities
293 237 4.10
Net Income / (Loss) Continuing Operations
110 -155 29
Consolidated Net Income / (Loss)
110 -154 241
Net Income / (Loss) Discontinued Operations
0.00 0.70 213
Depreciation Expense
95 102 100
Amortization Expense
9.10 8.70 11
Non-Cash Adjustments To Reconcile Net Income
37 336 0.00
Changes in Operating Assets and Liabilities, net
42 -55 -135
Net Cash From Discontinued Operating Activities
-1.40 -1.60 -459
Net Cash From Investing Activities
-71 -84 2,147
Net Cash From Continuing Investing Activities
-71 -91 70
Purchase of Property, Plant & Equipment
-53 -52 -61
Acquisitions
0.00 -103 -0.40
Purchase of Investments
-2.80 -1.30 -6.70
Sale of Property, Plant & Equipment
0.90 0.30 40
Divestitures
80 0.00 0.00
Sale and/or Maturity of Investments
0.90 0.70 0.30
Other Investing Activities, net
-97 65 98
Net Cash From Discontinued Investing Activities
0.00 7.00 2,077
Net Cash From Financing Activities
-174 -280 -1,611
Net Cash From Continuing Financing Activities
-174 -280 -1,622
Repayment of Debt
-147 -141 -1,405
Repurchase of Common Equity
-30 -22 -182
Payment of Dividends
-44 -44 -22
Issuance of Debt
50 -56 1.50
Issuance of Common Equity
1.40 2.70 1.40
Other Financing Activities, net
-3.60 -19 -12
Net Cash From Discontinued Financing Activities
0.00 0.00 11
Effect of Exchange Rate Changes
-22 9.20 -19
Other Net Changes in Cash
0.00 0.00 12
Cash Interest Paid
141 145 106
Cash Income Taxes Paid
35 36 404

Quarterly Cash Flow Statements for OPENLANE

This table details how cash moves in and out of OPENLANE's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
73 23 32 -22 -8.00 6.80 -120 21 -26 100 -655
Net Cash From Operating Activities
123 33 121 37 100 19 74 46 96 9.60 -125
Net Cash From Continuing Operating Activities
123 33 122 38 100 21 74 47 96 80 -47
Net Income / (Loss) Continuing Operations
37 52 28 11 19 14 13 -194 13 42 0.50
Consolidated Net Income / (Loss)
37 52 28 11 19 14 13 -194 13 37 -5.80
Net Income / (Loss) Discontinued Operations
0.00 - - - 0.00 0.70 - - 0.00 -4.80 -6.30
Depreciation Expense
23 23 24 24 24 25 26 27 23 24 24
Amortization Expense
2.20 2.20 2.20 2.50 2.20 2.10 2.20 2.20 2.20 2.20 2.50
Non-Cash Adjustments To Reconcile Net Income
11 -19 17 17 23 20 18 269 30 -30 17
Changes in Operating Assets and Liabilities, net
50 -26 52 -17 33 -40 14 -57 29 42 -91
Net Cash From Discontinued Operating Activities
0.00 - -1.30 -0.10 0.00 -1.50 - -0.10 0.00 -71 -78
Net Cash From Investing Activities
-32 -81 4.50 46 -40 -51 12 -38 -6.60 164 110
Net Cash From Continuing Investing Activities
-32 -81 4.50 46 -40 -51 12 -38 -14 157 106
Purchase of Property, Plant & Equipment
-12 -14 -13 -13 -13 -12 -13 -15 -12 -15 -14
Purchase of Investments
-0.60 -0.90 -0.30 -1.20 -0.40 -0.30 -0.40 -0.40 -0.20 -0.10 -1.00
Sale of Property, Plant & Equipment
0.40 - 0.60 - - - - - - 40 -
Other Investing Activities, net
-20 -147 17 60 -26 64 26 -23 -1.70 133 122
Net Cash From Discontinued Investing Activities
0.00 - - - 0.00 - - - 7.00 7.00 4.00
Net Cash From Financing Activities
-19 90 -98 -103 -64 32 -200 4.60 -117 -82 -618
Net Cash From Continuing Financing Activities
-19 90 -98 -103 -64 32 -200 4.60 -117 -82 -618
Repayment of Debt
1.60 -46 -18 -48 -35 111 -146 -106 -0.50 15 -495
Repurchase of Common Equity
-0.10 - - - - - - - - -50 -50
Payment of Dividends
-11 -11 -11 -11 -11 -11 -11 -11 -11 -11 -11
Issuance of Debt
-2.20 143 -37 -23 -33 -69 -20 137 -104 -35 -52
Issuance of Common Equity
2.10 0.40 0.20 0.40 0.40 0.60 0.50 0.30 1.30 0.30 0.20
Other Financing Activities, net
-9.20 4.30 -2.30 -21 15 0.80 -1.80 -16 -2.30 -0.90 -10
Net Cash From Discontinued Financing Activities
0.00 - - - 0.00 - - - 0.00 - -
Effect of Exchange Rate Changes
1.00 -19 4.20 -2.40 -4.90 6.60 -6.20 7.70 1.10 8.00 -21
Other Net Changes in Cash
0.00 - - - 0.00 - - - - - -
Cash Interest Paid
26 35 31 38 36 39 34 42 31 35 26
Cash Income Taxes Paid
18 0.60 4.80 14 15 7.50 6.90 9.40 12 79 82

Annual Balance Sheets for OPENLANE

This table presents OPENLANE's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
4,622 4,726 5,120
Total Current Assets
2,852 2,842 3,022
Cash & Equivalents
143 94 226
Restricted Cash
41 65 52
Note & Lease Receivable
2,323 2,282 2,395
Accounts Receivable
248 292 271
Other Current Assets
97 109 79
Plant, Property, & Equipment, net
149 170 124
Total Noncurrent Assets
1,622 1,715 1,974
Goodwill
1,223 1,271 1,465
Intangible Assets
279 318 367
Other Noncurrent Operating Assets
120 126 142
Total Liabilities & Shareholders' Equity
4,622 4,726 5,120
Total Liabilities
2,667 2,787 2,989
Total Current Liabilities
2,566 2,479 2,643
Short-Term Debt
1,883 1,787 1,966
Accounts Payable
548 557 551
Accrued Expenses
81 75 79
Current Deferred & Payable Income Tax Liabilities
11 9.80 6.90
Current Employee Benefit Liabilities
37 41 32
Other Current Nonoperating Liabilities
7.20 10 7.80
Total Noncurrent Liabilities
102 308 346
Long-Term Debt
0.00 202 205
Noncurrent Deferred & Payable Income Tax Liabilities
24 21 54
Other Noncurrent Operating Liabilities
77 85 87
Commitments & Contingencies
0.00 0.00 0.00
Redeemable Noncontrolling Interest
613 613 613
Total Equity & Noncontrolling Interests
1,343 1,327 1,518
Total Preferred & Common Equity
1,343 1,327 1,518
Total Common Equity
1,343 1,327 1,518
Common Stock
722 739 745
Retained Earnings
690 624 823
Accumulated Other Comprehensive Income / (Loss)
-69 -37 -50

Quarterly Balance Sheets for OPENLANE

This table presents OPENLANE's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
4,806 4,626 4,618 4,818 4,729 4,897 5,148 5,301
Total Current Assets
3,046 2,785 2,774 2,958 2,941 3,084 3,075 3,203
Cash & Equivalents
221 132 61 105 110 242 220 149
Restricted Cash
36 29 68 46 42 - 32 29
Note & Lease Receivable
2,333 2,193 2,220 2,293 2,358 2,397 2,385 2,534
Accounts Receivable
345 300 292 391 340 315 340 420
Other Current Assets
111 132 133 124 91 100 98 72
Plant, Property, & Equipment, net
147 160 160 164 115 119 120 131
Total Noncurrent Assets
1,614 1,681 1,684 1,697 1,673 1,694 1,953 1,967
Goodwill
1,228 1,270 1,264 1,266 1,238 1,244 1,466 1,452
Intangible Assets
269 290 298 308 310 323 359 372
Other Noncurrent Operating Assets
117 122 121 123 126 128 127 142
Total Liabilities & Shareholders' Equity
4,806 4,626 4,618 4,818 4,729 4,897 5,148 5,301
Total Liabilities
2,822 2,686 2,677 2,876 2,811 2,951 3,010 3,154
Total Current Liabilities
2,721 2,585 2,576 2,574 2,509 2,646 2,666 2,820
Short-Term Debt
1,885 1,797 1,846 1,718 1,738 1,905 1,864 1,991
Accounts Payable
710 651 600 744 646 626 684 646
Accrued Expenses
85 90 85 73 76 71 79 87
Current Deferred & Payable Income Tax Liabilities
3.80 4.40 3.20 5.00 3.30 2.30 2.50 59
Current Employee Benefit Liabilities
26 32 33 23 34 34 24 27
Other Current Nonoperating Liabilities
11 11 9.30 12 12 - 13 10
Total Noncurrent Liabilities
101 101 101 302 303 304 343 334
Long-Term Debt
0.00 0.00 0.00 201 201 201 206 195
Noncurrent Deferred & Payable Income Tax Liabilities
25 21 20 19 23 22 53 51
Other Noncurrent Operating Liabilities
76 80 81 82 78 81 84 89
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
613 613 613 613 613 613 613 613
Total Equity & Noncontrolling Interests
1,372 1,327 1,328 1,330 1,306 1,334 1,526 1,534
Total Preferred & Common Equity
1,372 1,327 1,328 1,330 1,306 1,334 1,526 1,534
Total Common Equity
1,372 1,327 1,328 1,330 1,306 1,334 1,526 1,534
Common Stock
722 721 747 745 735 753 749 802
Retained Earnings
716 649 631 632 621 620 825 797
Accumulated Other Comprehensive Income / (Loss)
-65 -42 -50 -46 -51 -38 -47 -64

Annual Metrics And Ratios for OPENLANE

This table displays calculated financial ratios and metrics derived from OPENLANE's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
5.47% 10.89% 5.42%
EBITDA Growth
2,940.00% -104.83% -21.03%
EBIT Growth
249.50% -225.21% -31.43%
NOPAT Growth
233.40% -235.48% 1,083.70%
Net Income Growth
171.32% -163.89% 262.71%
EPS Growth
124.73% -240.00% 712.50%
Operating Cash Flow Growth
23.79% 151.74% -206.11%
Free Cash Flow Firm Growth
55.17% 36.34% -72.03%
Invested Capital Growth
-3.12% -6.27% -1.12%
Revenue Q/Q Growth
5.97% 4.25% 1.66%
EBITDA Q/Q Growth
-22.89% -106.48% -6.21%
EBIT Q/Q Growth
-31.36% -365.34% -8.31%
NOPAT Q/Q Growth
-23.34% -641.04% -15.84%
Net Income Q/Q Growth
52.85% -17.36% 15.30%
EPS Q/Q Growth
125.00% -14.47% 25.00%
Operating Cash Flow Q/Q Growth
4.82% 4.30% -17.09%
Free Cash Flow Firm Q/Q Growth
-17.01% -66.17% 120.41%
Invested Capital Q/Q Growth
2.08% 1.70% -3.19%
Profitability Metrics
- - -
Gross Margin
100.00% 100.00% 100.00%
EBITDA Margin
15.88% -0.59% 13.53%
Operating Margin
10.19% -8.01% 6.19%
EBIT Margin
10.05% -7.09% 6.28%
Profit (Net Income) Margin
6.14% -9.09% 15.77%
Tax Burden Percent
69.60% 105.19% 624.87%
Interest Burden Percent
87.87% 121.88% 40.21%
Effective Tax Rate
30.40% 0.00% 25.91%
Return on Invested Capital (ROIC)
3.41% -2.43% 1.73%
ROIC Less NNEP Spread (ROIC-NNEP)
2.45% -5.59% 10.56%
Return on Net Nonoperating Assets (RNNOA)
2.24% -5.14% 9.66%
Return on Equity (ROE)
5.64% -7.57% 11.39%
Cash Return on Invested Capital (CROIC)
6.58% 4.04% 2.85%
Operating Return on Assets (OROA)
3.84% -2.44% 1.53%
Return on Assets (ROA)
2.35% -3.13% 3.84%
Return on Common Equity (ROCE)
3.87% -5.29% 8.15%
Return on Equity Simple (ROE_SIMPLE)
8.19% -11.61% 15.89%
Net Operating Profit after Tax (NOPAT)
127 -95 70
NOPAT Margin
7.09% -5.61% 4.59%
Net Nonoperating Expense Percent (NNEP)
0.95% 3.16% -8.83%
Return On Investment Capital (ROIC_SIMPLE)
3.93% -2.87% 1.90%
Cost of Revenue to Revenue
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
22.85% 24.87% 28.53%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
89.81% 108.01% 93.81%
Earnings before Interest and Taxes (EBIT)
180 -120 96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
284 -10 207
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.58 1.21 0.94
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00
Price to Revenue (P/Rev)
1.19 0.94 0.93
Price to Earnings (P/E)
19.29 0.00 5.89
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
5.18% 0.00% 16.97%
Enterprise Value to Invested Capital (EV/IC)
1.21 1.07 0.97
Enterprise Value to Revenue (EV/Rev)
2.48 2.38 2.57
Enterprise Value to EBITDA (EV/EBITDA)
15.60 0.00 18.98
Enterprise Value to EBIT (EV/EBIT)
24.66 0.00 40.91
Enterprise Value to NOPAT (EV/NOPAT)
34.94 0.00 55.98
Enterprise Value to Operating Cash Flow (EV/OCF)
15.21 17.17 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
18.09 25.61 33.93
Leverage & Solvency
- - -
Debt to Equity
0.96 1.03 1.02
Long-Term Debt to Equity
0.00 0.10 0.10
Financial Leverage
0.91 0.92 0.92
Leverage Ratio
2.40 2.42 2.97
Compound Leverage Factor
2.11 2.95 1.19
Debt to Total Capital
49.06% 50.63% 50.47%
Short-Term Debt to Total Capital
49.06% 45.48% 45.70%
Long-Term Debt to Total Capital
0.00% 5.15% 4.77%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
15.96% 15.59% 14.24%
Common Equity to Total Capital
34.98% 33.78% 35.29%
Debt to EBITDA
6.63 -198.89 10.50
Net Debt to EBITDA
5.98 -183.00 9.15
Long-Term Debt to EBITDA
0.00 -20.24 0.99
Debt to NOPAT
14.85 -20.92 30.95
Net Debt to NOPAT
13.40 -19.25 26.99
Long-Term Debt to NOPAT
0.00 -2.13 2.93
Altman Z-Score
1.28 0.90 0.96
Noncontrolling Interest Sharing Ratio
31.45% 30.10% 28.42%
Liquidity Ratios
- - -
Current Ratio
1.11 1.15 1.14
Quick Ratio
1.06 1.08 1.09
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
245 158 116
Operating Cash Flow to CapEx
559.31% 455.32% -2,156.40%
Free Cash Flow to Firm to Interest Expense
11.23 6.00 2.02
Operating Cash Flow to Interest Expense
13.37 8.95 -7.93
Operating Cash Flow Less CapEx to Interest Expense
10.98 6.98 -8.29
Efficiency Ratios
- - -
Asset Turnover
0.38 0.34 0.24
Accounts Receivable Turnover
6.62 6.03 4.69
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
11.21 11.56 11.45
Accounts Payable Turnover
0.00 0.00 0.00
Days Sales Outstanding (DSO)
55.10 60.54 77.81
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00
Cash Conversion Cycle (CCC)
55.10 60.54 77.81
Capital & Investment Metrics
- - -
Invested Capital
3,662 3,780 4,033
Invested Capital Turnover
0.48 0.43 0.38
Increase / (Decrease) in Invested Capital
-118 -253 -46
Enterprise Value (EV)
4,431 4,042 3,928
Market Capitalization
2,120 1,600 1,421
Book Value per Share
$12.57 $12.28 $13.94
Tangible Book Value per Share
($1.49) ($2.42) ($2.88)
Total Capital
3,838 3,928 4,302
Total Debt
1,883 1,989 2,172
Total Long-Term Debt
0.00 202 205
Net Debt
1,699 1,830 1,894
Capital Expenditures (CapEx)
52 52 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,985 1,991 2,068
Debt-free Net Working Capital (DFNWC)
2,169 2,150 2,346
Net Working Capital (NWC)
286 363 379
Net Nonoperating Expense (NNE)
17 59 -171
Net Nonoperating Obligations (NNO)
1,706 1,840 1,902
Total Depreciation and Amortization (D&A)
104 110 111
Debt-free, Cash-free Net Working Capital to Revenue
110.99% 117.40% 135.22%
Debt-free Net Working Capital to Revenue
121.26% 126.77% 153.38%
Net Working Capital to Revenue
15.99% 21.41% 24.80%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.46 ($1.82) $0.00
Adjusted Weighted Average Basic Shares Outstanding
106.91M 108.05M 0.00
Adjusted Diluted Earnings per Share
$0.45 ($1.82) $0.00
Adjusted Weighted Average Diluted Shares Outstanding
106.91M 108.05M 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
106.91M 108.05M 0.00
Normalized Net Operating Profit after Tax (NOPAT)
127 81 45
Normalized NOPAT Margin
7.09% 4.75% 2.95%
Pre Tax Income Margin
8.83% -8.64% 2.52%
Debt Service Ratios
- - -
EBIT to Interest Expense
8.24 -4.57 1.67
NOPAT to Interest Expense
5.82 -3.61 1.22
EBIT Less CapEx to Interest Expense
5.85 -6.54 1.30
NOPAT Less CapEx to Interest Expense
3.43 -5.58 0.85
Payout Ratios
- - -
Dividend Payout Ratio
40.40% -28.81% 9.20%
Augmented Payout Ratio
67.70% -43.22% 84.74%

Quarterly Metrics And Ratios for OPENLANE

This table displays calculated financial ratios and metrics derived from OPENLANE's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
7.02% 11.34% 7.71% 3.57% -1.02% 15.50% 5.93% 8.51% 13.86% 6.96% 13.22%
EBITDA Growth
29.94% 108.43% 10.06% 157.00% 14.25% -200.23% 23.55% -406.16% 100.72% -24.33% 65.07%
EBIT Growth
56.20% 69.19% 18.52% 132.10% 18.18% -527.44% 32.79% -1,046.45% 366.40% -34.66% 218.95%
NOPAT Growth
55.26% 73.85% 50.66% 124.10% 5.88% -870.34% 857.60% -972.20% 333.04% -73.69% -83.01%
Net Income Growth
99.46% 265.73% 123.62% 105.52% 45.67% -61.46% 318.97% -192.20% 4,333.33% 627.45% -480.00%
EPS Growth
260.00% 833.33% 1,100.00% 100.00% 400.00% -88.46% 106.67% -246.09% 111.11% 0.00% -50.00%
Operating Cash Flow Growth
22.36% 69.43% 64.54% -19.40% 4.27% 101.04% 158.74% 116.72% 255.50% -87.37% -319.44%
Free Cash Flow Firm Growth
-50.70% -48.62% -62.72% -30.85% -35.32% 298.37% 174.52% 134.86% 146.52% -88.36% -300.45%
Invested Capital Growth
-2.62% -3.12% -3.49% -3.21% -6.24% -6.27% -10.78% -8.67% -9.35% -1.12% 18.51%
Revenue Q/Q Growth
-6.48% 9.72% 3.84% 3.72% 6.39% 6.15% -0.14% -0.88% 12.82% -2.65% 2.29%
EBITDA Q/Q Growth
2,166.67% -96.50% 25.06% -13.84% 8.53% -145.72% 164.77% -272.69% -31.33% -43.65% 60.51%
EBIT Q/Q Growth
362.50% -128.13% 38.13% -19.30% 13.88% -208.18% 137.41% -397.08% -38.89% -66.39% 166.67%
NOPAT Q/Q Growth
394.81% -124.51% 52.70% -25.39% 19.41% -241.23% 124.42% -427.84% -32.42% 75.56% -77.76%
Net Income Q/Q Growth
-29.45% 84.15% 165.42% -42.16% 29.37% 12.60% 106.55% -1,625.98% -65.77% 739.66% -102.76%
EPS Q/Q Growth
-35.71% 133.33% 0.00% -100.00% 66.67% 200.00% 100.53% -18,800.00% -96.15% 273.33% -111.72%
Operating Cash Flow Q/Q Growth
274.92% -73.00% 223.80% -62.67% 419.17% -73.78% 58.62% -51.72% 901.04% 107.66% 54.85%
Free Cash Flow Firm Q/Q Growth
26.25% -41.14% 16.37% -47.03% 0.67% -57.30% 115.82% -50.45% 321.24% 107.99% -0.96%
Invested Capital Q/Q Growth
-1.01% 2.08% -2.19% -1.47% -1.53% 1.70% -1.91% -4.55% -1.56% -3.19% 0.41%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
47.49% 201.20% 43.80% 43.05% 100.00% 199.62% 48.11% 100.00% 46.70% 265.26% 46.67%
EBITDA Margin
17.74% 0.73% 22.93% 19.04% 22.92% -9.66% 22.44% -34.59% 19.85% 11.13% 19.24%
Operating Margin
11.24% -3.29% 16.32% 12.92% 16.67% -16.56% 15.97% -46.65% 15.55% 2.27% 12.72%
EBIT Margin
12.32% -4.39% 17.13% 12.88% 16.55% -15.86% 15.57% -41.54% 13.86% 4.29% 12.42%
Profit (Net Income) Margin
8.02% 10.63% 6.33% 2.48% 4.44% 3.24% 3.05% -46.49% 3.02% 9.70% -1.48%
Tax Burden Percent
70.02% 75.80% 68.43% 58.79% 63.36% 67.45% 50.00% 90.94% 63.50% 62.04% -80.56%
Interest Burden Percent
92.95% -319.44% 54.04% 32.73% 42.38% -30.24% 39.20% 123.04% 34.31% 364.63% 14.75%
Effective Tax Rate
29.98% 24.20% 31.57% 41.21% 36.64% 35.85% 50.00% 0.00% 36.50% 29.93% 93.06%
Return on Invested Capital (ROIC)
3.90% -1.20% 5.16% 3.37% 4.51% -4.61% 3.30% -13.19% 3.72% 0.60% 0.35%
ROIC Less NNEP Spread (ROIC-NNEP)
3.94% 2.44% 3.90% 2.14% 3.10% -1.34% 2.22% -16.27% 2.31% 2.20% -0.19%
Return on Net Nonoperating Assets (RNNOA)
3.43% 2.22% 3.49% 1.96% 2.74% -1.23% 2.08% -14.56% 2.22% 2.01% -0.16%
Return on Equity (ROE)
7.32% 1.02% 8.65% 5.33% 7.24% -5.84% 5.38% -27.76% 5.93% 2.62% 0.19%
Cash Return on Invested Capital (CROIC)
6.45% 6.58% 8.08% 7.21% 6.42% 4.04% 11.84% 9.21% 13.55% 2.85% -14.77%
Operating Return on Assets (OROA)
4.66% -1.68% 6.18% 4.48% 5.45% -5.46% 5.05% -12.09% 3.36% 1.04% 3.00%
Return on Assets (ROA)
3.03% 4.07% 2.29% 0.86% 1.46% 1.11% 0.99% -13.52% 0.73% 2.36% -0.36%
Return on Common Equity (ROCE)
5.04% 0.70% 5.90% 3.65% 5.07% -4.09% 3.76% -19.64% 4.24% 1.87% 0.14%
Return on Equity Simple (ROE_SIMPLE)
9.35% 0.00% 5.42% 4.23% -11.15% 0.00% -10.06% -11.23% 16.66% 0.00% 13.63%
Net Operating Profit after Tax (NOPAT)
36 -12 50 33 44 -47 33 -136 42 6.10 3.47
NOPAT Margin
7.87% -2.50% 11.17% 7.60% 10.56% -10.63% 7.99% -32.66% 9.87% 1.59% 0.88%
Net Nonoperating Expense Percent (NNEP)
-0.04% -3.64% 1.26% 1.24% 1.41% -3.27% 1.08% 3.08% 1.41% -1.60% 0.53%
Return On Investment Capital (ROIC_SIMPLE)
1.11% -0.38% - - - -1.42% - - - 0.17% -
Cost of Revenue to Revenue
52.51% -101.20% 56.20% 56.95% 0.00% -99.62% 51.89% 0.00% 53.30% -165.26% 53.33%
SG&A Expenses to Revenue
23.30% 19.21% 22.17% 24.55% 26.11% 21.54% 25.80% 26.67% 25.68% 22.01% 27.76%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
36.25% 204.49% 27.48% 30.13% 83.33% 216.18% 32.14% 146.65% 31.15% 262.99% 33.94%
Earnings before Interest and Taxes (EBIT)
57 -22 77 56 69 -70 65 -173 58 16 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
82 3.60 103 82 95 -43 93 -144 84 43 76
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.50 1.58 1.38 1.35 1.40 1.21 1.25 1.25 0.98 0.94 0.84
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.13 1.19 1.09 1.09 1.14 0.94 1.00 1.04 0.95 0.93 0.86
Price to Earnings (P/E)
16.07 19.29 25.50 31.97 0.00 0.00 0.00 0.00 5.86 5.89 6.18
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
6.22% 5.18% 3.92% 3.13% 0.00% 0.00% 0.00% 0.00% 17.06% 16.97% 16.17%
Enterprise Value to Invested Capital (EV/IC)
1.19 1.21 1.14 1.13 1.14 1.07 1.09 1.09 0.99 0.97 0.94
Enterprise Value to Revenue (EV/Rev)
2.37 2.48 2.42 2.49 2.59 2.38 2.48 2.58 2.50 2.57 2.60
Enterprise Value to EBITDA (EV/EBITDA)
14.21 15.60 11.08 11.50 32.06 0.00 26.13 30.32 11.96 18.98 17.75
Enterprise Value to EBIT (EV/EBIT)
21.50 24.66 15.59 16.52 202.31 0.00 89.02 141.25 17.76 40.91 37.39
Enterprise Value to NOPAT (EV/NOPAT)
30.86 34.94 24.68 28.06 0.00 0.00 229.51 687.47 25.09 55.98 46.96
Enterprise Value to Operating Cash Flow (EV/OCF)
13.71 15.21 14.68 17.90 17.74 17.17 17.87 154.42 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
18.17 18.09 13.83 15.35 17.21 25.61 8.64 11.32 6.93 33.93 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.95 0.96 0.93 0.95 0.99 1.03 1.01 1.08 0.97 1.02 1.02
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.10 0.10 0.11 0.10 0.10 0.10 0.09
Financial Leverage
0.87 0.91 0.89 0.92 0.88 0.92 0.94 0.90 0.96 0.92 0.82
Leverage Ratio
2.45 2.40 2.43 2.45 2.44 2.42 2.47 2.63 3.04 2.97 2.96
Compound Leverage Factor
2.28 -7.67 1.31 0.80 1.04 -0.73 0.97 3.24 1.04 10.82 0.44
Debt to Total Capital
48.71% 49.06% 48.09% 48.74% 49.68% 50.63% 50.27% 51.97% 49.19% 50.47% 50.45%
Short-Term Debt to Total Capital
48.71% 49.06% 48.09% 48.74% 44.49% 45.48% 45.05% 47.01% 44.29% 45.70% 45.96%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 5.19% 5.15% 5.22% 4.96% 4.90% 4.77% 4.49%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
15.83% 15.96% 16.39% 16.18% 15.86% 15.59% 15.88% 15.11% 14.55% 14.24% 14.14%
Common Equity to Total Capital
35.46% 34.98% 35.52% 35.08% 34.45% 33.78% 33.85% 32.92% 36.26% 35.29% 35.41%
Debt to EBITDA
6.23 6.63 4.88 5.14 14.48 -198.89 12.57 15.43 6.31 10.50 9.91
Net Debt to EBITDA
5.38 5.98 4.44 4.78 13.34 -183.00 11.58 13.65 5.55 9.15 9.10
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 1.51 -20.24 1.31 1.47 0.63 0.99 0.88
Debt to NOPAT
13.52 14.85 10.86 12.55 -2,283.45 -20.92 110.36 349.88 13.25 30.95 26.22
Net Debt to NOPAT
11.68 13.40 9.89 11.67 -2,103.81 -19.25 101.70 309.62 11.64 26.99 24.09
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 -238.69 -2.13 11.46 33.39 1.32 2.93 2.34
Altman Z-Score
1.15 1.13 1.08 1.04 1.06 0.93 1.03 0.83 0.96 0.91 0.86
Noncontrolling Interest Sharing Ratio
31.19% 31.45% 31.75% 31.51% 30.02% 30.10% 30.14% 29.25% 28.53% 28.42% 28.33%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.12 1.11 1.08 1.08 1.15 1.15 1.17 1.17 1.15 1.14 1.14
Quick Ratio
1.07 1.06 1.02 1.00 1.08 1.08 1.12 1.12 1.10 1.09 1.10
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
134 106 180 155 292 206 482 223 451 52 -647
Operating Cash Flow to CapEx
1,066.09% 233.57% 968.80% 287.69% 776.74% 158.20% 570.54% 311.41% 800.83% 0.00% -876.22%
Free Cash Flow to Firm to Interest Expense
33.40 0.00 5.09 4.13 7.35 0.00 12.24 5.60 11.77 0.00 -15.56
Operating Cash Flow to Interest Expense
30.65 0.00 3.43 1.00 2.52 0.00 1.87 1.16 2.51 0.00 -3.01
Operating Cash Flow Less CapEx to Interest Expense
27.78 0.00 3.08 0.65 2.20 0.00 1.54 0.79 2.20 0.00 -3.36
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.38 0.38 0.36 0.35 0.33 0.34 0.32 0.29 0.24 0.24 0.24
Accounts Receivable Turnover
4.94 6.62 5.27 5.46 4.49 6.03 4.28 4.33 4.06 4.69 3.09
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
11.72 11.21 12.29 11.86 11.56 11.56 13.20 12.46 11.96 11.45 4.28
Accounts Payable Turnover
0.04 0.00 1.43 1.45 0.90 0.00 0.99 0.93 1.12 0.00 1.20
Days Sales Outstanding (DSO)
73.90 55.10 69.20 66.88 81.34 60.54 85.26 84.28 89.89 77.81 118.04
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
9,582.90 0.00 255.85 251.60 405.02 0.00 367.16 390.89 326.66 0.00 303.92
Cash Conversion Cycle (CCC)
-9,509.00 55.10 -186.65 -184.71 -323.68 60.54 -281.90 -306.61 -236.77 77.81 -185.88
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3,624 3,662 3,587 3,667 3,722 3,780 3,717 3,789 3,970 4,033 4,166
Invested Capital Turnover
0.50 0.48 0.46 0.44 0.43 0.43 0.41 0.40 0.38 0.38 0.39
Increase / (Decrease) in Invested Capital
-97 -118 -130 -122 -248 -253 -449 -360 -409 -46 651
Enterprise Value (EV)
4,303 4,431 4,082 4,126 4,248 4,042 4,032 4,139 3,921 3,928 3,915
Market Capitalization
2,061 2,120 1,833 1,797 1,869 1,600 1,633 1,662 1,490 1,421 1,294
Book Value per Share
$12.84 $12.57 $12.22 $12.26 $12.28 $12.28 $11.93 $12.22 $14.01 $13.94 $13.25
Tangible Book Value per Share
($1.17) ($1.49) ($2.14) ($2.16) ($2.25) ($2.42) ($2.21) ($2.12) ($2.75) ($2.88) ($2.51)
Total Capital
3,870 3,838 3,736 3,786 3,861 3,928 3,857 4,053 4,208 4,302 4,333
Total Debt
1,885 1,883 1,797 1,846 1,918 1,989 1,939 2,106 2,070 2,172 2,186
Total Long-Term Debt
0.00 0.00 0.00 0.00 201 202 201 201 206 205 195
Net Debt
1,629 1,699 1,636 1,717 1,767 1,830 1,787 1,864 1,818 1,894 2,009
Capital Expenditures (CapEx)
12 14 13 13 13 12 13 15 12 -25 14
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,954 1,985 1,836 1,915 1,951 1,991 2,018 2,101 2,021 2,068 2,196
Debt-free Net Working Capital (DFNWC)
2,210 2,169 1,996 2,044 2,102 2,150 2,170 2,343 2,273 2,346 2,374
Net Working Capital (NWC)
325 286 200 198 385 363 432 438 409 379 383
Net Nonoperating Expense (NNE)
-0.70 -65 22 22 25 -61 21 58 29 -31 9.27
Net Nonoperating Obligations (NNO)
1,640 1,706 1,647 1,726 1,779 1,840 1,798 1,842 1,831 1,902 2,019
Total Depreciation and Amortization (D&A)
25 25 26 27 27 27 29 29 25 26 27
Debt-free, Cash-free Net Working Capital to Revenue
107.42% 110.99% 108.75% 115.66% 118.92% 117.40% 124.04% 131.03% 128.66% 135.22% 146.00%
Debt-free Net Working Capital to Revenue
121.53% 121.26% 118.27% 123.43% 128.12% 126.77% 133.39% 146.15% 144.70% 153.38% 157.81%
Net Working Capital to Revenue
17.86% 15.99% 11.82% 11.96% 23.44% 21.41% 26.56% 27.31% 26.02% 24.80% 25.43%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.18 $0.29 $0.12 $0.00 $0.05 $0.03 $0.01 ($1.87) $0.01 $0.26 $0.00
Adjusted Weighted Average Basic Shares Outstanding
107.38M 106.91M 106.84M 108.62M 108.30M 108.05M 108.02M 109.45M 109.21M 108.92M 0.00
Adjusted Diluted Earnings per Share
$0.18 $0.28 $0.12 $0.00 $0.05 $0.03 $0.01 ($1.87) $0.01 $0.26 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
107.38M 106.91M 106.84M 108.62M 108.30M 108.05M 108.02M 109.45M 109.21M 108.92M 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
107.38M 106.91M 106.84M 108.62M 108.30M 108.05M 108.02M 109.45M 109.21M 108.92M 0.00
Normalized Net Operating Profit after Tax (NOPAT)
36 -12 50 33 44 -47 33 39 42 6.10 35
Normalized NOPAT Margin
7.87% -2.50% 11.17% 7.60% 10.56% -10.63% 7.99% 9.45% 9.87% 1.59% 8.91%
Pre Tax Income Margin
11.45% 14.02% 9.26% 4.21% 7.01% 4.80% 6.10% -51.12% 4.76% 15.63% 1.83%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
14.18 0.00 2.18 1.49 1.74 0.00 1.64 -4.34 1.52 0.00 1.17
NOPAT to Interest Expense
9.05 0.00 1.42 0.88 1.11 0.00 0.84 -3.41 1.08 0.00 0.08
EBIT Less CapEx to Interest Expense
11.30 0.00 1.82 1.14 1.41 0.00 1.32 -4.71 1.21 0.00 0.83
NOPAT Less CapEx to Interest Expense
6.18 0.00 1.07 0.53 0.78 0.00 0.52 -3.79 0.77 0.00 -0.26
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
34.61% 40.40% 61.75% 79.00% -29.94% -28.81% -33.82% -29.64% 13.10% 9.20% 5.31%
Augmented Payout Ratio
58.07% 67.70% 103.48% 79.00% -29.94% -43.22% -88.80% -29.64% 13.10% 84.74% 68.50%

Frequently Asked Questions About OPENLANE's Financials

When does OPENLANE's financial year end?

According to the most recent income statement we have on file, OPENLANE's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has OPENLANE's net income changed over the last 2 years?

OPENLANE's net income appears to be on a downward trend, with a most recent value of $109.90 million in 2024, falling from $241.20 million in 2022. The previous period was -$154.10 million in 2023. See where experts think OPENLANE is headed by visiting OPENLANE's forecast page.

What is OPENLANE's operating income?
OPENLANE's total operating income in 2024 was $182.20 million, based on the following breakdown:
  • Total Gross Profit: $1.79 billion
  • Total Operating Expenses: $1.61 billion
How has OPENLANE revenue changed over the last 2 years?

Over the last 2 years, OPENLANE's total revenue changed from $1.53 billion in 2022 to $1.79 billion in 2024, a change of 17.0%.

How much debt does OPENLANE have?

OPENLANE's total liabilities were at $2.67 billion at the end of 2024, a 4.3% decrease from 2023, and a 10.8% decrease since 2022.

How much cash does OPENLANE have?

In the past 2 years, OPENLANE's cash and equivalents has ranged from $93.50 million in 2023 to $225.70 million in 2022, and is currently $143 million as of their latest financial filing in 2024.

How has OPENLANE's book value per share changed over the last 2 years?

Over the last 2 years, OPENLANE's book value per share changed from 13.94 in 2022 to 12.57 in 2024, a change of -9.9%.



This page (NYSE:KAR) was last updated on 5/29/2025 by MarketBeat.com Staff
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