NYSE$OPLN

OPENLANE Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

OPENLANE reported strong financial performance in Q4 2024 with revenue growth and increased profitability.

OPENLANE, Inc. achieved solid financial results in Q4 2024, driven by a 12% year-over-year revenue increase to $455 million. Net income from continuing operations reached $52.3 million, while Adjusted EBITDA grew 18% to $73 million. The Marketplace segment demonstrated strong momentum with a 15% increase in dealer volumes.

  • Revenue increased by 12% YoY to $455 million, driven by Marketplace growth.
  • Net income from continuing operations reached $52.3 million.
  • Adjusted EBITDA grew 18% YoY to $73 million.
  • Marketplace segment Adjusted EBITDA surged 30% YoY to $31 million.

Headline financials

Total Revenue

$455M

Previous: $391M+16.3%
EPS (adj)

$0.21

Previous: $0.16+31.2%
Capital Expenditures

-$14M

Previous: -$12.2M-14.8%
Net Income

$52.3M

Previous: $14.3M+265.7%
Operating Income

$79M

Previous: $57.4M+37.6%
Gross Profit

$188M

Previous: $187M+0.5%

Revenue & EPS history

OPENLANE · Revenue · Quarterly

$455M

Q4 2024+16.3%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

OPENLANE · $158M total across 2 segments · Q2 2023

  • Finance revenue
    $97.5M+6.1%
  • Purchased vehicle sales
    $60.4M+31.9%

Forward guidance

OPENLANE expects continued growth in 2025, with projected income from continuing operations between $100M and $114M and Adjusted EBITDA between $290M and $310M.

Tailwinds

  • Projected Adjusted EBITDA of $290M-$310M.
  • Income from continuing operations expected to reach $100M-$114M.
  • Continued Marketplace growth driven by strong dealer volumes.
  • Ongoing investment in digital and financial services expansion.
  • Streamlined operations improving profitability.

Headwinds

  • Potential macroeconomic headwinds impacting demand.
  • Foreign currency fluctuations may affect results.
  • Higher operating expenses due to investments in growth.
  • Interest expenses remain a financial burden.
  • Competitive pressures in the wholesale vehicle market.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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