OPLN - OPENLANE, Inc. Reports Second Quarter 2026 Financial Results

On Tuesday, Openlane (NYSE: OPLN ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. View the webcast at Summary Openlane reported a 15% growth in consolidated revenue and a 19% increase in adjusted EBITDA, reaching $103 million for the second quarter of 2026. The company's marketplace segment saw a 41% increase in Gross Merchandise Value (GMV) to $10.5 billion, with a 27% rise in vehicles sold, driven by strong U.S. performance. Openlane raised its 2026 adjusted EBITDA guidance to $385-$400 million, citing strong U.S. dealer and commercial business momentum and strategic investments. Despite elevated diesel prices impacting transport margins, Openlane achieved record growth and expanded its dealer base, with 60% of AFC dealers now registered on its platform. The company continues to focus on its three strategic priorities: enhancing marketplace offerings, leveraging technology, and improving customer experience, with significant gains reported in NPS scores. Full Transcript OPERATOR Good day and welcome to Openlane's second quarter 2026 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touchtone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Bill Wright, Vice President of Investor Relations. Please go ahead. Bill Wright, Vice President of Investor Relations Thank you. Good morning, everyone. Welcome to Openlane's second quarter 2026 earnings call. With me today are Peter Kelly, CEO of Openlane, and Brad Herring, CFO of Openlane. Our remarks today include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that may cause our actual results or performance to differ materially from such statements. Factors that could cause such differences include those discussed in our press release issued today and in our SEC filings. Certain non-GAAP financial measures as defined under the SEC rules will be discussed on this call. Reconciliations of GAAP to non-GAAP measures are provided in our earnings materials and are available in the investor relations section of our website. Please note that all financial and operational metrics presented during this call are on a year-over-year basis unless otherwise specifically noted. With that, I'll turn the call over to Peter. Peter Kelly, Chief Executive Officer Thank you, Bill, and thank you everyone for joining the call today. I'm very pleased to report on Openlane's strong s