NYSE$OPLN
OPENLANE Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
OPENLANE's first quarter results for 2024 showed marketplace volume growth and strong adjusted EBITDA contribution.
OPENLANE, Inc. reported its first quarter financial results for the period ended March 31, 2024. The company saw a 13% increase in marketplace volumes and adjusted EBITDA of $75 million, with the marketplace segment contributing 47% of the total. The finance segment was also a strong contributor.
- Marketplace volumes increased 13% YoY
- Gross Merchandise Value (GMV) increased 17% to $7 billion YoY
- Income from continuing operations of $19 million
- Adjusted EBITDA of $75 million, with Marketplace accelerating to 47% of total
Headline financials
Revenue & EPS history
OPENLANE · Revenue · Quarterly
$416M
Revenue by segment
OPENLANE · $158M total across 2 segments · Q2 2023
- Finance revenue$97.5M+6.1%61.7%
- Purchased vehicle sales$60.4M+31.9%38.3%
Forward guidance
The company’s previously stated annual guidance remains unchanged.
Tailwinds
- Income from continuing operations (in millions): $74 - $88
- Adjusted EBITDA (in millions): $285 - $305
- Income from continuing operations per share - diluted: $0.20 - $0.30
- Operating adjusted net income from continuing operations per share - diluted: $0.77 - $0.87
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+3.7%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+19.1%
Q3 2024
Best reaction
-17.0%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.7% | +18.6% | +14.3% | |
| Q4 2025 | -2.1% | -9.1% | -7.9% | |
| Q3 2025 | -4.0% | -3.9% | +0.3% | |
| Q1 2025 | +13.2% | +16.5% | +23.3% | |
| Q4 2024 | +4.2% | +6.7% | +2.6% | |
| Q3 2024 | +19.1% | +21.9% | +22.9% | |
| Q2 2024 | -2.5% | -1.8% | -2.9% | |
| Q1 2024 | +2.3% | +6.8% | +0.4% | |
| Q4 2023 | +3.0% | +5.6% | +18.9% | |
| Q3 2023 | +5.3% | +7.8% | +10.7% | |
| Q2 2023 | -6.4% | -2.8% | -0.3% | |
| Q1 2023 | +5.8% | +8.3% | +9.6% | |
| Q4 2022 | +5.6% | -2.8% | -14.7% | |
| Q3 2022 | -7.7% | -6.2% | -3.9% | |
| Q2 2022 | -6.2% | -4.5% | -14.4% | |
| Q1 2022 | +4.1% | -8.5% | +14.8% | |
| Q4 2021 | +10.6% | +9.3% | +45.5% | |
| Q3 2021 | -2.0% | -1.7% | +5.1% | |
| Q2 2021 | +9.5% | +12.7% | +6.6% | |
| Q1 2021 | +13.0% | +14.0% | +23.4% | |
| Q4 2020 | -17.0% | -23.0% | -19.8% | |
| Q3 2020 | +6.0% | +6.6% | +17.7% | |
| Q2 2020 | +9.8% | +15.6% | +17.0% | |
| Q1 2020 | -5.1% | -15.4% | +20.0% | |
| Q4 2019 | +3.5% | -1.0% | -43.0% | |
| Q3 2019 | -14.5% | -12.6% | -14.7% | |
| Q2 2019 | -5.5% | -4.4% | +3.0% | |
| Q1 2019 | -3.4% | -1.6% | +6.2% | |
| Q4 2018 | -14.3% | -13.7% | -8.8% | |
| Q3 2018 | -4.3% | -3.3% | -7.3% | |
| Q2 2018 | +2.1% | +3.9% | +7.6% | |
| Q1 2018 | -0.2% | +1.2% | +3.0% | |
| Q4 2017 | -2.3% | -1.2% | +2.6% | |
| Q3 2017 | +1.0% | +3.4% | +7.4% | |
| Q2 2017 | +5.5% | +3.8% | +8.2% | |
| Q1 2017 | -1.6% | -2.1% | +0.5% | |
| Q4 2016 | -3.6% | -4.2% | -6.2% | |
| Q3 2016 | -7.7% | -8.1% | -1.2% | |
| Q2 2016 | -4.2% | -4.9% | -1.5% | |
| Q1 2016 | +7.9% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | -0.7% | — | — | |
| Q1 2015 | -2.8% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | +7.8% | — | — | |
| Q2 2014 | +2.3% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | -3.6% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -3.7% | — | — | |
| Q3 2012 | -3.4% | — | — | |
| Q2 2012 | +5.5% | — | — | |
| Q1 2011 | -5.5% | — | — | |
| Q1 2012 | -3.4% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q3 2011 | -4.8% | — | — | |
| Q3 2010 | -4.8% | — | — | |
| Q2 2011 | -12.7% | — | — | |
| Q4 2010 | -12.7% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q1 2010 | +1.6% | — | — |
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