OPENLANE (OPLN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

OPENLANE

NYSE•Consumer Cyclical•Auto & Truck Dealerships

$35.06+0.17(<0.01%)Pre-market

Market Cap

$3.93B

P/E

19.6x

P/S

1.9x

P/B

2.5x

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for wholesale used vehicles in the United States, Canada, Continental Europe, and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment includes various activities designed to facilitate the transfer of used vehicles for sellers and buyers; vehicle logistics center locations; SaaS-based private label remarketing solutions to automobile manufacturers, captive finance companies, and other commercial customers to digitally offer vehicles for sale; wholesale vehicle marketplaces; and value-added ancillary services including inbound and outbound transportation logistics, reconditioning and mechanical work, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through commercial fleet operators, financial institutions, car rental companies, new and used vehicle dealers, and vehicle manufacturers. Its marketplaces include OPENLANE platform, a mobile app enabled solutions that allows dealers to sell and source inventory. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent vehicle dealers; liquidity for customer trade-ins; and title services. In addition, the company provides pre- and post-sale inspection; transportation and logistics; digital marketplace services; remarketing services; and vehicle research services. It serves commercial customers, and franchise and independent dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

How this company scores

ExcellentMetricSide Score: 82/100

Strongest: Cash & Earnings Quality (25/25); weakest: Profitability (18/25).

Profitability18/25

Growth20/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 19.6x5y range 5.7x – 143.3x

Currently near its 16-quarter median.

P/S · 1.9x5y range 0.8x – 1.9x

Currently above its 20-quarter median.

P/B · 2.5x5y range 0.9x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Share Dilution

Red Flag

Shares outstanding increased 6.0% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $3.93B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.08B
Q. Revenue: $554.60M
TTM EBITDA: $330.00M
TTM Op. Income: $238.80M
Q. Op. Income: $67.50M
TTM Net Income: $200.60M
Q. Net Income: $44.30M
EPS: $0.33
Shares Out.: $114.70M

$2.08B in TTM revenue grew 10.3% YoY, reaching $554.60M last quarter. TTM EBITDA of $330.00M and TTM operating income of $238.80M show growth is flowing through to the bottom line. TTM net income of $200.60M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 44.8%
EBITDA Margin: 16.2%
Op. Margin: 12.2%
Net Margin: 8.0%

Op. margin of 12.2% is up 2.3% YoY — cost efficiency is improving. Net margin at 8.0% and gross margin of 44.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 24% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 19.6x
P/S Ratio: 1.9x
P/B Ratio: 2.5x

At 19.6x P/E, the stock trades within typical market levels. P/S of 1.9x and P/B of 2.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 13% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.01B
Cash: $189.70M
Long-Term Debt: $529.20M
Book Value: $1.57B
D/E Ratio: 0.3
Debt/EBITDA: 5.9

With $5.01B in assets and $529.20M in long-term debt, D/E is 0.3and book value is $1.57B — a conservative capital structure with a cushion to weather downturns. Across the last 4 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $52.80M
TTM Free Cash Flow: $353.90M
FCF Margin: 17.1%
FCF / Net Income: 1.8

TTM FCF of $353.90M on $52.80M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 20% — a weakening trend.