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Openlane, Inc. (OPLN) stock

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NYSE: OPLN NYSE Diversified Support Services Next results ~November 4, 2026

B Fundamentals grade

Openlane, Inc. is a US-listed company in the diversified support services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$62

Cash-flow model

Base case. Range ~$46–$83 across our lower- and higher-growth cases (5.1%–15.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 58% above it.

Price used: $39.16, November 3, 2026

Openlane, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 18 sales by directors and officers, last 12 monthsInsider trades
  • Funds196 adding, 132 cuttingOf 54 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Openlane files

Where Openlane stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.08bn, up 11.8% on a year earlier, faster than the 10.1% growth a quarter earlier. That growth ranks 3 of 13 among the diversified support services companies we cover. Free-cash-flow margin rose to 17.1% from 15.9% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $65.71 a share, against a share price of $37.20. At that price, our model says the market is pricing in about 0.8% a year of cash-flow growth for five years, slower than the 7.4% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Openlane, Inc.'s trailing-twelve-month revenue grew 11.8% year on year, with a free-cash-flow margin of 17.1%. Where it stands out: net margin of 9.7% ranks 7 of 32 diversified support services companies we cover. Where it lags: days sales outstanding of 69 days ranks 22 of 26 diversified support services companies we cover.

Our discounted-cash-flow model values the business at ~$62 per share in the base case (~$46–$83 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 14% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $39.60 is 56% below our value per share of $62.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Below peers: days sales outstanding. Days sales outstanding of 69 days ranks 22 of 26 diversified support services companies we cover (median 60 days).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.40 against an average estimate of $0.35: beat by 13.8%
Revenue
$555m, up 15.1% on a year earlier
Share reaction
-7.2% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.38

Openlane's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.1%
  • 1 week+3.5%
  • 1 month+10.2%
  • This year+33.0%
  • 1 year+47.3%
  • 5 years+178.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
11.5%
Net margin
9.7%
EPS (TTM, diluted)
$1.84

Growth

Revenue growth
+11.8%
Change in growth rate
+1.7 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
$354M
FCF margin
17.1%
Stock pay % of revenue
1.3%

Earnings

Last results
August 4, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Agreement
  3. Announcement
  4. Insider trade
  5. Buyback
  6. Buyback
  7. Results
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Openlane, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 2.3% a year of cash-flow growth for five years.That is slower than the 7.4% a year revenue growth Openlane has delivered.

  • Priced in2.3%
  • Last 12 months11.8%
  • 3 years a year8.4%
  • 5 years a year7.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($39.16, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$62
Price used
$39.16close November 3, 2026
Implied change
▲ +58%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Openlane, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($306M, FY2026 Q2 TTM), growing 10% and 9.5% in the next two years (forecasts, guidance and its record), then back to 10.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$46–~$83 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Openlane, Inc.'s free cash flow after stock-based pay ( $306M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Openlane, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$62 ~$46–$83 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$22 ~$21–$38 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.2 ~$1.7–$5.3 Left out: out of range vs price (0.08x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.4 ~$0.3–$0.4 Left out: out of range vs price (0.01x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$48 ~$22–$62 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Openlane, Inc. with Diversified Support Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +7%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $33$46$63$85$115$152
8.5% $25$34$46$62$83$110
10% $20$27$36$48$64$85

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$14.64$17.86$17.30$21.50$18.61$15.62$13.05$14.81$19.84$29.78$39.60
Market value$2.0bn$2.5bn$2.3bn$2.9bn$2.4bn$1.9bn$1.5bn$1.6bn$2.2bn$3.2bn$4.3bn
+ Net debt (− = net cash)$2.3bn$2.4bn$2.4bn$1.4bn$1.2bn$1.7bn$273m$271m$88m$409m$358m
Enterprise value$4.3bn$4.8bn$4.8bn$4.3bn$3.6bn$3.6bn$1.8bn$1.9bn$2.3bn$3.6bn$4.7bn
Multiples
Price / sales 0.6x1.1x1.0x1.0x1.8x1.3x1.0x1.0x1.2x1.6x2.1x
Price / earnings 9.2x6.8x7.2x15.2xn/m28.9x6.3x—19.7x17.9x21.5x
Price / free cash flow 9.1x5.0x3.8x13.0x20.7x11.3x—8.7x9.0x9.5x12.2x
EV / EBITDA 5.9x9.7x9.3x8.5x19.9x15.3x9.2x—8.1x12.5x14.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

43 /100

Weak moat

How hard Openlane's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.3% of total assets over 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.5%; its worst year was -3.3%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 8 of 9 years, at a median 11.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 14.6% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (48 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $556m and EPS of $0.38 (range $0.34 to $0.40) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.44 +16% $2.2bn +13%
Next $1.74 +20% $2.4bn +8%

Next year's EPS estimate has moved +4.1% in 90 days, across 9 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.35 $0.40 +13.8%
Mar 2026 $0.30 $0.35 +15.8%
Dec 2025 $0.27 $0.25 −8.2%
Sept 2025 $0.27 $0.35 +27.7%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Openlane, Inc.'s revenue by +10.0% next year and +9.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+9.9%, weight 67%) and the company's own record (+10.1%, weight 33%) . How the weights are set.

Analyst recommendations

9 analysts, Oct 2026
Buy778%
Hold222%
Sell00%

Monthly trend

  1. Oct 20264329
  2. Sep 20264329
  3. Aug 20264329
  4. Jul 20264329

Counts of recommendations published by analysts covering Openlane, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.2%
of tradable shares
Days to cover
1.86
at average volume
Short interest, 1 month
−34%
to September 30, 2026
Held by institutions
89%
of shares
Held by insiders
7.9%
of shares
Employees
4,032
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +49.9%

$26.42 on October 31, 2025 to $39.60

ThenNowEffect
Revenue (last 12 months) $1.9bn $2.1bn +11.8%
Net margin 8.1% 9.7% +18.9%
P/E multiple 19.1x 21.5x +12.7%
Share count 109m 109m +0.1%

Biggest factor: net margin.

Last 3 years +169.0%

$14.72 on November 3, 2023 to $39.60

ThenNowEffect
Revenue (last 12 months) $1.6bn $2.1bn +27.5%
P/S multiple 1.0x 2.1x +107.1%
Share count 111m 109m +1.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OPLN−16%−17%+14%+34%+50%+33%
Industry peers (median)+4%−9%+5%+1%−10%−17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OPLN42%33%50%42%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OPLN−33%−41%−20%−16%−21%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 65% from September 11, 2019 to April 3, 2020. Getting back needed a 182% gain, reached on August 6, 2025, 1951 days after the low.

Price behaviour

52-week range
$24.49 – $42.90
From 52-week high
−7.7%
vs 50-day average
+10.6%
vs 200-day average
+15.8%
Volatility (1 year)
33%
Beta vs S&P 500
0.83

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±7.2%
After a week
9 up, 3 down
typical move ±9.2%
After a month
8 up, 4 down
typical move ±11.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −7.2% +1.6% −11.3% −15.9%
May 5, 2026 +12.1% +2.2% +12.6% +13.9%
February 18, 2026 +0.8% +0.2% −7.3% −6.4%
November 5, 2025 −6.1% −0.7% −4.1% −1.6%
August 6, 2025 +11.8% +0.7% +15.3% +16.1%
May 7, 2025 +12.6% +1.1% +15.5% +22.2%
February 19, 2025 +3.9% −0.2% +6.4% +2.6%
November 6, 2024 +19.1% +3.3% +21.6% +22.9%
August 7, 2024 −2.5% +1.6% +0.4% −2.9%
May 1, 2024 +2.3% +0.6% +2.9% +0.4%
February 20, 2024 +3.0% −0.5% +5.3% +16.8%
November 1, 2023 +5.3% +3.0% +7.8% +10.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Openlane, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Openlane, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Openlane, Inc.
$1.6B $1.8B $2B $2.2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.7B Revenue (TTM), FY23 Q4: $1.7B Revenue (TTM), FY24 Q1: $1.7B Revenue (TTM), FY24 Q2: $1.7B Revenue (TTM), FY24 Q3: $1.7B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.8B Revenue (TTM), FY25 Q2: $1.9B Revenue (TTM), FY25 Q3: $1.9B Revenue (TTM), FY25 Q4: $1.9B Revenue (TTM), FY26 Q1: $2B Revenue (TTM), FY26 Q2: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.7B
FY23 Q4 $1.7B
FY24 Q1 $1.7B
FY24 Q2 $1.7B
FY24 Q3 $1.7B
FY24 Q4 $1.8B
FY25 Q1 $1.8B
FY25 Q2 $1.9B
FY25 Q3 $1.9B
FY25 Q4 $1.9B
FY26 Q1 $2B
FY26 Q2 $2.1B
Revenue growth, TTM YoY Openlane, Inc.
4% 6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.5% Revenue growth, TTM YoY, FY23 Q4: 11.6% Revenue growth, TTM YoY, FY24 Q1: 7.0% Revenue growth, TTM YoY, FY24 Q2: 4.9% Revenue growth, TTM YoY, FY24 Q3: 4.6% Revenue growth, TTM YoY, FY24 Q4: 5.5% Revenue growth, TTM YoY, FY25 Q1: 7.4% Revenue growth, TTM YoY, FY25 Q2: 8.7% Revenue growth, TTM YoY, FY25 Q3: 8.9% Revenue growth, TTM YoY, FY25 Q4: 8.2% Revenue growth, TTM YoY, FY26 Q1: 10.1% Revenue growth, TTM YoY, FY26 Q2: 11.8% 11.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.5%
FY23 Q4 11.6%
FY24 Q1 7.0%
FY24 Q2 4.9%
FY24 Q3 4.6%
FY24 Q4 5.5%
FY25 Q1 7.4%
FY25 Q2 8.7%
FY25 Q3 8.9%
FY25 Q4 8.2%
FY26 Q1 10.1%
FY26 Q2 11.8%
Operating margin (TTM) Openlane, Inc.
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -4.3% Operating margin (TTM), FY23 Q4: -8.0% Operating margin (TTM), FY24 Q1: -7.9% Operating margin (TTM), FY24 Q2: 6.8% Operating margin (TTM), FY24 Q3: 7.3% Operating margin (TTM), FY24 Q4: 10.2% Operating margin (TTM), FY25 Q1: 10.8% Operating margin (TTM), FY25 Q2: 11.9% Operating margin (TTM), FY25 Q3: 12.3% Operating margin (TTM), FY25 Q4: 10.2% Operating margin (TTM), FY26 Q1: 10.9% Operating margin (TTM), FY26 Q2: 11.5% 11.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -4.3%
FY23 Q4 -8.0%
FY24 Q1 -7.9%
FY24 Q2 6.8%
FY24 Q3 7.3%
FY24 Q4 10.2%
FY25 Q1 10.8%
FY25 Q2 11.9%
FY25 Q3 12.3%
FY25 Q4 10.2%
FY26 Q1 10.9%
FY26 Q2 11.5%
FCF margin (TTM) Openlane, Inc.
10% 12% 14% 16% 18% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.5% FCF margin (TTM), FY23 Q4: 10.9% FCF margin (TTM), FY24 Q1: 11.1% FCF margin (TTM), FY24 Q2: 10.6% FCF margin (TTM), FY24 Q3: 13.2% FCF margin (TTM), FY24 Q4: 13.4% FCF margin (TTM), FY25 Q1: 14.5% FCF margin (TTM), FY25 Q2: 15.9% FCF margin (TTM), FY25 Q3: 12.9% FCF margin (TTM), FY25 Q4: 17.4% FCF margin (TTM), FY26 Q1: 18.6% FCF margin (TTM), FY26 Q2: 17.1% 17.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.5%
FY23 Q4 10.9%
FY24 Q1 11.1%
FY24 Q2 10.6%
FY24 Q3 13.2%
FY24 Q4 13.4%
FY25 Q1 14.5%
FY25 Q2 15.9%
FY25 Q3 12.9%
FY25 Q4 17.4%
FY26 Q1 18.6%
FY26 Q2 17.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Openlane took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.9B
  2. Selling, general and admin $445M · 23.0%
  3. Other operating costs $1.3B · 66.8%
  4. Operating income $197M · 10.2%
  5. Income tax $14.5M · 0.7%
  6. Net income $178M · 9.2%

Shares of revenue. Source: Openlane's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 3,150 2,239 2,443 2,782 1,327 1,451 1,529 1,696 1,789 1,935 2,075
EBITDA 740 498 513 503 178 237 195 −34 277 288 330
Operating income 499 327 340 314 69 128 95 −136 182 197 239
Net income 222 362 328 189 1 67 241 −154 110 178 201
Diluted EPS $1.60 $2.62 $2.42 $1.42 −$0.35 $0.16 $1.30 −$1.82 $0.45 −$0.96 $1.84
Growth (year on year)
Revenue — −28.9% +9.1% +13.9% −52.3% +9.3% +5.4% +10.9% +5.5% +8.2% +11.8%
EBITDA — −32.7% +2.9% −1.9% −64.5% +33.1% −17.9% −117.6% — +3.9% +5.4%
Operating income — −34.6% +4.2% −7.6% −78.0% +84.2% −25.7% −243.4% — +7.9% +8.3%
Net income — +62.8% −9.4% −42.5% −99.7% — +262.7% −163.9% — +61.7% +32.8%
Diluted EPS — +63.8% −7.6% −41.3% −124.6% — +712.5% −240.0% — −313.3% +33.0%
Margins
EBITDA margin 23.5% 22.2% 21.0% 18.1% 13.4% 16.4% 12.7% −2.0% 15.5% 14.9% 15.9%
Operating margin 15.8% 14.6% 13.9% 11.3% 5.2% 8.8% 6.2% −8.0% 10.2% 10.2% 11.5%
Net margin 7.1% 16.2% 13.4% 6.8% 0.0% 4.6% 15.8% −9.1% 6.1% 9.2% 9.7%
Free-cash-flow margin 7.1% 22.0% 25.3% 7.9% 8.8% 11.7% −3.7% 10.9% 13.4% 17.4% 17.1%
Cash flow
Cash from operations 378 589 750 381 179 234 4 237 293 392 410
Capital spending 155 97 131 162 63 64 61 52 53 55 56
Free cash flow 223 492 619 219 116 170 −57 185 240 337 354
Stock-based pay 18 20 20 20 12 13 17 17 15 15 27
Free cash flow after stock pay 205 471 599 200 105 157 −73 169 225 322 327
Balance sheet
Cash 202 317 277 508 752 178 226 94 143 142 190
Total debt 2,503 2,703 2,686 1,917 1,903 1,885 499 365 231 550 547
Net debt (negative = net cash) 2,301 2,386 2,409 1,409 1,151 1,708 273 271 88 409 358
Diluted shares 139m 138m 136m 133m 129m 123m 116m 109m 109m 107m 109m
Returned to shareholders
Dividends 157 175 188 164 49 0 0 — — — —
Buybacks 80 150 150 120 10 181 182 22 30 46 84
Total returned 238 325 338 284 59 181 182 22 30 46 84

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · June 30, 2026
What it owns · $5.0bn
Short-term assets $3.3bnLonger-term assets $1.7bn
What it owes, and who funded it · $4.4bn
Short-term liabilities $2.9bnShareholders' equity $1.6bn
  • Short-term assets cover short-term liabilities $3.3bn of assets due within a year against $2.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $190m of cash against $535m of debt.
  • Debt below 40% of shareholders' equity Debt is 34% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 122% to 34% over five years.
  • A year's operating cash flow covers at least 20% of debt $410m of operating cash flow against $535m of debt.
  • Operating profit covers interest at least five times over Operating income of $239m against $31m of interest.

From Openlane, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$84.4M
Buybacks, last 3 fiscal years
$97.8M
Diluted share count
−0.1%
year over year
Total shareholder yield
1.7%
dividends 0.0% + buybacks 1.7% of market value
Sales & admin spending
22.7%
of revenue
Days sales outstanding
69 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified support services
Last 12 months unless stated OPLN HCSG WSC CXW UNF VSTS Median
Revenue, last 12 months $2.1bn $1.9bn $2.3bn $2.5bn $2.5bn $2.7bn $906m
Revenue growth, last 12 months 11.8% 4.0% −2.5% 24.3% 3.7% −0.4% 6.3%
Revenue growth, 3-year average 8.4% 4.0% −0.3% 10.2% 4.2% — 6.4%
Revenue growth, latest quarter 15.1% 3.3% 3.9% 27.3% 5.0% −1.8% 7.2%
Gross margin — 16.1% 50.5% — 36.6% — 29.0%
Operating margin 11.5% — 6.5% 5.9% 5.4% 3.6% 4.9%
Operating margin, 3-year average 10.1% — 14.3% 11.1% 6.8% 4.3% 9.9%
Net margin 9.7% 5.6% −3.0% 5.1% 4.3% −0.2% 2.7%
Cash from operations / revenue 19.8% 6.0% 30.7% 8.1% 8.1% 7.1% 7.1%
Free-cash-flow margin 17.1% 5.7% 29.7% 2.4% 2.8% 5.1% 3.7%
Free-cash-flow margin, 3-year average 14.5% 5.5% 28.7% 6.5% 4.7% 7.4% 7.4%
Stock pay / revenue 1.3% 0.6% 1.6% 1.1% 0.5% 0.4% 1.4%
Change in share count −0.1% −4.0% −3.1% −7.1% −2.1% 0.6% 0.1%

Median of all 32 companies we cover in diversified support services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 diversified support services companies
Measure Company Peer median Rank
Revenue growth Growth 11.8% 6.5% 10 of 32
Change in growth rate Growth +1.7pp +0.8pp 13 of 32
Operating margin Profitability 11.5% 4.5% 8 of 29
Net margin Profitability 9.7% 3.3% 7 of 32
Free-cash-flow margin Cash generation 17.1% 4.1% 7 of 31
Stock pay as % of revenue Cash generation 1.3% 1.4% 13 of 26
Long-term debt as % of assets Balance sheet 10.6% 33.7% 5 of 18
Change in share count Balance sheet -0.1% -0.1% 15 of 28
Days sales outstanding Balance sheet 69 days 60 days 22 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Auction and Related Fees $834M 43.1% ▲ 13.4%
Finance Revenue $434M 22.4% ▲ 0.6%
Purchased Vehicle Sales $410M 21.2% ▲ 25.4%
Saa S and Other Revenue $257M 13.3% ▼ 12.9%
Geography
Region Revenue Share YoY
United States $1.1B 57.3% ▲ 5.3%
Outside the US $825M 42.7% ▲ 12.3%

From Openlane, Inc.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.4B
Institutions reporting
349
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
78 / 28

Top buyers and sellers, Q2 2026: 196 institutions bought and 132 sold ; the biggest buyer was Fuller & Thaler Asset Management, Inc (+1.1M shares) and the biggest seller Bank Of Montreal (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $660M 16.0M 14.9% ▲ 3.4%
Dimensional Fund Advisors LP $269M 6.5M 6.1% ▼ 2.9%
Vanguard Portfolio Management LLC $249M 6.0M 5.6% ▼ 0.8%
Hawk Ridge Capital Management LP $205M 5.0M 4.6% 0.0%
Bank Of Montreal $197M 4.8M 4.4% ▼ 25.4%
Vanguard Capital Management LLC $197M 4.8M 4.4% ▼ 0.1%
State Street Corp $175M 4.3M 3.9% ▲ 4.3%
Neuberger Berman Group LLC $155M 3.7M 3.5% ▲ 6.4%
Geode Capital Management, LLC $112M 2.7M 2.5% ▲ 5.2%
American Century Companies Inc $110M 2.7M 2.5% ▲ 1.6%
Brown Advisory Inc $83.3M 2.0M 1.9% ▼ 6.8%
Invesco Ltd. $77.1M 1.9M 1.7% ▲ 10.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Openlane, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $500,073 1 trade by 1 insider, last 12 months Insider sales History → $284M 18 trades by 5 insiders · 0% under pre-set plans
Net ▼ $283M net selling
Insider Date Trade Shares Price Value
Kelly Peter J Chief Executive Officer August 24, 2026 Buy 14,830 $33.72 $500,073
Apax Guernsey (Holdco) Pcc Ltd 10% owner August 13, 2026 Sell 8,000,000 $34.36 $275M
Mitchell William Clyde President of AFC May 14, 2026 Sell 6,500 $36.04 $234,260
Richer Tobin P EVP Marketing & Communications May 8, 2026 Sell 4,000 $38.31 $153,240
Coleman Charles S. EVP, CLO & Secretary May 6, 2026 Sell 19,763 $35.86 $708,701
Coyle James P EVP & President, Marketplace May 6, 2026 Sell 8,290 $35.57 $294,875
Coyle James P EVP & President, Marketplace May 6, 2026 Sell 6,710 $36.01 $241,627
Richer Tobin P EVP Marketing & Communications May 6, 2026 Sell 3,133 $36.01 $112,819
Richer Tobin P EVP Marketing & Communications May 6, 2026 Sell 7,209 $35.57 $256,424
Richer Tobin P EVP Marketing & Communications May 6, 2026 Sell 5,805 $36.01 $209,038
Richer Tobin P EVP Marketing & Communications May 6, 2026 Sell 9,873 $36.02 $355,625
Richer Tobin P EVP Marketing & Communications May 6, 2026 Sell 3,784 $35.57 $134,597

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 18, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Openlane, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Openlane, Inc. in brief

What does Openlane, Inc. do?
Openlane, Inc. is a US-listed company in the diversified support services industry. Its financial year ends in December.
What is Openlane, Inc.'s stock ticker?
Openlane, Inc. trades under the ticker OPLN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Openlane, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Openlane, Inc. reported revenue of $2.1B, 11.8% higher than a year earlier, according to its SEC filings.
What is Openlane, Inc.'s free cash flow?
Openlane, Inc.'s free-cash-flow margin is 17.1% of revenue over the trailing twelve months, ranking 7 of the 31 diversified support services companies we cover.
What is Openlane, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Openlane, Inc.'s free cash flow after stock-based pay gives ~$62 per share in the base case, and ~$46–$83 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Openlane, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Openlane, Inc. buying back stock, and does it pay a dividend?
Openlane, Inc. spent $84.4M on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is Openlane, Inc.'s market cap?
On November 2, 2026, Openlane, Inc.'s market capitalisation was about $4.3B, with a price-to-earnings ratio of 21.5 and net debt of $358M. Market figures come from third-party market data and may be delayed.
How much debt does Openlane, Inc. have?
Openlane, Inc.'s debt-to-equity ratio is 34.0%, from its latest balance sheet (122.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Openlane, Inc.'s competitors?
In our Diversified Support Services peer group, the companies closest to Openlane, Inc. are Healthcare Services Group Inc, Willscot Holdings Corp, Corecivic, Inc., Unifirst Corp and Vestis Corp. The side-by-side comparison below sets their revenue, margins and growth against Openlane, Inc.'s.
Are insiders buying or selling Openlane, Inc. stock?
Over the last 12 months, Openlane, Inc.'s directors and officers reported 1 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is Openlane, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Openlane, Inc. announces its own schedule.