OPENLANE (OPLN)
Runs digital used-vehicle wholesale marketplaces with AFC dealer financing.
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Connects commercial vehicle sellers and dealers with franchised and independent buyers through digital wholesale marketplaces in the United States, Canada, and Europe, earning transaction and ancillary-service fees. AFC adds short-term floorplan lending, while the core marketplace generally transfers vehicles without taking ownership.
Runs digital wholesale used-vehicle marketplaces in the United States, Canada, and Europe. OPENLANE US, OPENLANE Canada, and OPENLANE Europe connect automakers, captive finance companies, fleets, rental companies, and dealers with franchised and independent dealer buyers. The Marketplace segment earns buyer and seller fees and sells inspection, transportation, title, reconditioning, and remarketing technology services; Canadian vehicle logistics centers support physical handling.
AFC forms the Finance segment, providing short-term, inventory-secured floorplan loans and related services primarily to independent dealers across North America. The integrated model combines commercial and dealer-to-dealer inventory, proprietary condition data, and financing, while generally avoiding vehicle ownership. Marketplace revenue depends on transaction volume and two-sided liquidity; AFC depends on securitization funding, borrower credit performance, and lending licenses and rate rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Barclays | Reiterate | Rating: —Target: $46 | Target: $49 |
| Aug 5, 2026 | Northcoast Research | Target | Target: $40 | Target: $50 |
| Jul 21, 2026 | Barclays | Reiterate | Rating: —Target: $40 | Target: $46 |
| May 27, 2026 | JP Morgan | Upgrade | ||
| May 6, 2026 | Robert W. Baird | Target | Target: — | Target: $40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $189.7M · Total debt $585.5M · Total assets $5.01B · Shareholders' equity $1.57B
- Revenue
- $554.6M
- Operating income
- $67.5M
- Net income
- $44.3M
No dividends on record.
| Insiders | 0.72% | 763.4K shares | |
|---|---|---|---|
| 10 holders · as of Aug 26, 2026 | |||
| Strategic holders | 22.13% | 23.45M shares | |
| 2 holders · as of Feb 12, 2026 | |||
| Other | 77.15% | 81.73M shares | |
| remainder | |||
105.95M company shares as of Sep 14, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 15.07% | 15.96M | filed Apr 30, 2025 |
Bank of MontrealStrategic | 7.07% | 7.49M | filed Feb 12, 2026 |
Burgundy Asset Management Ltd.Institution | 6.84% | 7.24M | filed Feb 12, 2026 |
Vanguard Portfolio ManagementInstitution | 5.79% | 6.13M | filed Apr 29, 2026 |
Vanguard Capital ManagementInstitution | 5.28% | 5.59M | filed Apr 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Peter J. Kelly | director, officer: Chief Executive Officer | +14,830 | $33.72 |
| Aug 13, 2026 | Ignition Acquisition Holdings LP | 10 percent owner | −8,000,000 | $34.36 |
| May 28, 2026 | Ignition Acquisition Holdings LP | 10 percent owner | −288,323 | $17.75 |
| Dec 2, 2025 | Charles S. Coleman | officer: EVP, CLO & Secretary | −88,062 | $26.00 |
| Oct 8, 2025 | Ignition Acquisition Holdings LP | 10 percent owner | −288,322 |
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- Copart
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OPENLANE | $35.28 | +1.47% | $3.68B | — | 22.3 | 1.8 | +15.1% |
| Carvana | $66.60 | −0.86% | $73.71B | 31.1 | 34.2 | 2.9 | +52.4% |
| ACV Auctions | $10.46 | −0.14% | $1.83B | — | 37.9 | 2.3 | +10.5% |
| CarMax | $57.78 | −0.14% | $8.21B | 35.9 | 20.4 | 0.3 | +6.2% |
| Copart | $28.71 | −0.69% | $26.77B | 18.7 | 17.6 | 5.7 | +2.4% |
| Median | 31.1 | 27.3 | 2.6 | +8.3% |