OPENLANE Lifts 2026 Outlook as Q2 Revenue Climbs 15% and Adjusted EBITDA Reaches $103M

summarizeSummary

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.

check_boxKey Events · Earnings and Guidance · OPLN

• 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.

• 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.

• 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).

• 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.

auto_awesomeAnalysis · 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.