OPENLANE (OPLN) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and OPENLANE published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. OPENLANE reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Operating Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• OPENLANE uses the two-class method for diluted EPS. In Q3 2025, $11.1 million of Series A Preferred Stock dividends and $9.2 million allocated to participating securities came out of net income before EPS. No preferred shares were outstanding at September 30, 2026: OPENLANE repurchased most of them in the fourth quarter of 2025 and the holders converted the rest in May 2026.
• Q4 2025 diluted EPS of -$1.77 reflects a deemed dividend of approximately $242.2 million recorded on the repurchase of the Series A Preferred Stock, which reduced income attributable to common stockholders.

Source: OPENLANE Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How OPENLANE splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• OPENLANE's Marketplace revenue was $447 million in Q3 2026, up 15% from $389 million in Q3 2025, 80% of total revenue.
• OPENLANE's Finance revenue was $115 million in Q3 2026, up 5% from $109 million in Q3 2025, 20% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

OPENLANE gives its outlook as a table in the release. Revised 2026 ranges (November 4, 2026): net income $169 to $177 million (was $163 to $176 million), Adjusted EBITDA $390 to $400 million (was $385 to $400 million), diluted EPS $1.27 to $1.34 (was $1.23 to $1.33) and Operating Adjusted EPS $1.45 to $1.52 (was $1.40 to $1.50). It gives no revenue guidance.

In its Q3 2026 release, OPENLANE said:

“The company is narrowing its annual guidance to the following:”

“Earnings guidance does not contemplate future items such as business development activities, strategic developments (such as restructurings, spin-offs or dispositions of assets or investments), contingent purchase price adjustments, significant expenses related to litigation, tax adjustments, adverse changes in the value of foreign currencies relative to the U.S. dollar, changes in applicable laws and regulations (including significant accounting, tax and trade matters) and intangible impairments.”

Source: OPENLANE Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the OPLN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total operating revenues and diluted EPS, each as first reported in that quarter's release. Diluted EPS uses the two-class method, so preferred dividends and the Q4 2025 deemed dividend reduce it.

We do not hold a confirmed date for OPENLANE's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

OPENLANE runs a digital wholesale marketplace for used vehicles and a dealer floorplan lender, AFC. In Q3 2026 the Marketplace segment brought in $446.5 million of $561.2 million in revenue and the Finance segment $114.7 million. Total revenue rose 13% from $498.4 million. (OPENLANE Q3 2026 release, Nov 4, 2026; OPENLANE Q3 2026 supplemental financial information, Nov 4, 2026)

Within Marketplace, auction and related fees were $253.2 million, up 18%, SaaS and other revenue $73.9 million and purchased vehicle sales $119.4 million. Purchased vehicles, about 2% of vehicles sold, are booked at the full selling price; for every other sale OPENLANE records only its fees. (OPENLANE Q3 2026 supplemental financial information, Nov 4, 2026)

OPENLANE sold 475,000 vehicles in the quarter, up 28% from 372,000. Commercial vehicles sold rose 46% to 270,000, which OPENLANE attributed to onboarding a new private label customer and more off-lease vehicles; dealer consignment vehicles rose 10% to 205,000. Gross merchandise value was approximately $10.0 billion, against $7.3 billion. (OPENLANE Q3 2026 supplemental financial information, Nov 4, 2026)

Fees grew more slowly than volume because yield, auction and related fees divided by GMV, fell 40 basis points to 2.5%. OPENLANE said commercial vehicles carry lower yields than dealer consignment vehicles, and the average value of vehicles sold also rose. Exchange rates cut Marketplace revenue by $3.1 million. (OPENLANE Q3 2026 supplemental financial information, Nov 4, 2026)

Finance revenue rose 5% on a 7% increase in loan transaction units to 454,000 and higher loan values, partly offset by lower interest yields as average prime rates fell. Average receivables managed were $2,700.9 million, and the net Finance margin fell to 12.7% from 13.4%. (OPENLANE Q3 2026 supplemental financial information, Nov 4, 2026)

OPENLANE's GAAP diluted EPS rose to $0.36 from $0.25 in Q3 2026 even though net income fell to $44.7 million from $47.9 million. The year-ago figure was cut by $11.1 million of Series A Preferred Stock dividends and $9.2 million allocated to participating securities; with the preferred stock gone, all of net income went to common stockholders. (OPENLANE Q3 2026 release, Nov 4, 2026; OPENLANE Form 10-Q, Q3 2026, Nov 4, 2026)

Operating Adjusted EPS was $0.43 against $0.35. It adds back $7.8 million of acquired amortization expense, $1.7 million of transaction-related costs and other items, and is calculated on 125.4 million diluted shares with preferred shares treated as converted, against 144.0 million a year earlier. (OPENLANE Q3 2026 release, Nov 4, 2026)

Two lines below operating profit weighed on net income. Interest expense rose to $10.0 million from $1.1 million because of new term loan borrowings in the fourth quarter of 2025, and the effective tax rate was 25.6% against 14.6% a year earlier, when a valuation allowance decrease tied to the One Big Beautiful Bill Act lowered it. (OPENLANE Q3 2026 supplemental financial information, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

OPENLANE gives full-year guidance for net income, Adjusted EBITDA, diluted EPS and Operating Adjusted EPS, but not revenue. On November 4, 2026 it narrowed the 2026 ranges to net income of $169 to $177 million, Adjusted EBITDA of $390 to $400 million, diluted EPS of $1.27 to $1.34 and Operating Adjusted EPS of $1.45 to $1.52. (OPENLANE Q3 2026 release, Nov 4, 2026)

OPENLANE's board also raised the share repurchase program by $150 million to $400 million and extended it through December 31, 2027, leaving approximately $250 million available at October 31, 2026. (OPENLANE Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover OPENLANE, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones OPENLANE's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning OPLN is on is OPLN a buy or a sell?, what analysts expect next is on the OPLN forecast, and what the company does is on the OPENLANE (OPLN) stock page.

Every number on this page can be traced to a document OPENLANE published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.