OPENLANE Lifts 2026 Outlook as Q2 Revenue Climbs 15% and Adjusted EBITDA Reaches $103M
OPLN sits 74% above its 52-week low of $24.1.
Summary
OPENLANE posted Q2 2026 revenue of $554.6M (+15% YoY) and Adjusted EBITDA of $103.2M (+19% YoY), and raised its full-year Adjusted EBITDA guidance to $385M–$400M.
Updates
· SEC 10-Q — Q2 revenue was $554.6M, up 15% YoY; remaining preferred stock converted.
Key Events · Earnings and Guidance · OPLN
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Q2 Revenue +15% to $554.6M
Total operating revenues climbed 15% year over year to $554.6 million, propelled by a 21% increase in auction and related fees and a 39% jump in commercial vehicles sold.
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Adjusted EBITDA +19% to $103.2M
Adjusted EBITDA reached $103.2 million, up 19% from a year ago, with margins expanding 60 basis points to 18.6%. The Marketplace segment contributed $56.7M, while the Finance segment added $46.5M.
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Full-Year Guidance Raised
Reflecting strong first-half momentum and confidence in off-lease volume growth, 2026 Adjusted EBITDA guidance was lifted to $385M–$400M (from $365M–$385M), and Operating Adjusted EPS to $1.40–$1.50 (from $1.28–$1.42).
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Marketplace GMV Surges 41% to $10.5B
Gross Merchandise Value hit approximately $10.5 billion, driven by a 39% increase in commercial vehicles sold—including a new private label customer—and a 13% rise in dealer consignment vehicles.
Analysis · OPLN · Trade & Services
A standout second quarter saw revenue advance 15% to $554.6 million and Adjusted EBITDA rise 19% to $103.2 million, fueled by a 39% surge in commercial vehicle sales and 13% growth in dealer vehicles. Bolstered by this momentum, management raised the full-year Adjusted EBITDA guide by $20 million at the midpoint to $385–$400 million and lifted Operating Adjusted EPS to $1.40–$1.50. Marketplace GMV soared 41% to $10.5 billion, while the AFC finance arm delivered $46.5 million in Adjusted EBITDA with a lean 1.2% loan loss rate. The stock hovers near its 52-week high, and this beat-and-raise quarter strengthens the growth story, though the recent pattern of insider selling deserves a close look.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.7% of the 1013 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, OPLN was trading at $41.97 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $24.10 to $42.90. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.