OPENLANE (KAR) Financials

$18.46 0.00 (0.00%)

Closing price 03:59 PM Eastern

Extended Trading

$18.45 -0.01 (-0.03%)

As of 04:27 PM Eastern

Annual Income Statements for OPENLANE

This table shows OPENLANE's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	241	-154	110
Consolidated Net Income / (Loss)	241	-154	110
Net Income / (Loss) Continuing Operations	29	-155	110
Total Pre-Tax Income	39	-147	158
Total Operating Income	95	-136	182
Total Gross Profit	1,529	1,696	1,789
Total Revenue	1,529	1,696	1,789
Operating Revenue	1,529	1,696	1,789
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	1,435	1,832	1,606
Selling, General & Admin Expense	436	422	409
Depreciation Expense	100	102	95
Other Operating Expenses / (Income)	932	1,057	1,103
Impairment Charge	0.00	251	0.00
Other Special Charges / (Income)	-34	0.00	0.00
Total Other Income / (Expense), net	-56	-11	-24
Interest Expense	57	26	22
Other Income / (Expense), net	1.30	16	-2.50
Income Tax Expense	10	8.30	48
Net Income / (Loss) Discontinued Operations	213	0.70	0.00
Basic Earnings per Share	$1.30	($1.82)	$0.46
Weighted Average Basic Shares Outstanding	108.92M	108.05M	106.91M
Diluted Earnings per Share	$1.30	($1.82)	$0.45
Weighted Average Diluted Shares Outstanding	108.92M	108.05M	106.91M
Weighted Average Basic & Diluted Shares Outstanding	108.92M	108.05M	106.91M

This table shows OPENLANE's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-5.80	37	13	-194	13	14	19	11	28	52
Consolidated Net Income / (Loss)	-5.80	37	13	-194	13	14	19	11	28	52
Net Income / (Loss) Continuing Operations	0.50	42	13	-194	13	14	19	11	28	52
Total Pre-Tax Income	7.20	60	20	-213	25	21	29	18	42	69
Total Operating Income	50	8.70	65	-195	67	-73	69	56	73	-16
Total Gross Profit	183	1,015	196	417	200	882	416	186	196	990
Total Revenue	393	383	421	417	416	442	416	432	448	492
Operating Revenue	393	383	421	417	416	442	416	432	448	492
Total Cost of Revenue	210	-632	224	0.00	216	-440	0.00	246	252	-498
Total Operating Expenses	133	1,006	131	611	134	955	347	130	123	1,006
Selling, General & Admin Expense	109	84	108	111	107	95	109	106	99	95
Depreciation Expense	24	24	23	27	26	25	24	24	24	23
Total Other Income / (Expense), net	-43	51	-45	-19	-41	94	-40	-38	-32	85
Interest Expense	42	-43	38	40	39	-91	40	37	35	-91
Other Income / (Expense), net	-1.20	7.70	-7.10	21	-1.70	3.10	-0.50	-0.20	3.60	-5.40
Income Tax Expense	6.70	18	7.30	-19	13	7.60	11	7.50	13	17
Basic Earnings per Share	($0.15)	$0.26	$0.01	($1.87)	$0.01	$0.03	$0.05	$0.00	$0.12	$0.29
Weighted Average Basic Shares Outstanding	108.91M	108.92M	109.21M	109.45M	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M
Diluted Earnings per Share	($0.15)	$0.26	$0.01	($1.87)	$0.01	$0.03	$0.05	$0.00	$0.12	$0.28
Weighted Average Diluted Shares Outstanding	108.91M	108.92M	109.21M	109.45M	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M
Weighted Average Basic & Diluted Shares Outstanding	108.91M	108.92M	109.21M	109.45M	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M

This table details how cash moves in and out of OPENLANE's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	74	-119	25
Net Cash From Operating Activities	-455	235	291
Net Cash From Continuing Operating Activities	4.10	237	293
Net Income / (Loss) Continuing Operations	29	-155	110
Consolidated Net Income / (Loss)	241	-154	110
Net Income / (Loss) Discontinued Operations	213	0.70	0.00
Depreciation Expense	100	102	95
Amortization Expense	11	8.70	9.10
Non-Cash Adjustments To Reconcile Net Income	0.00	336	37
Changes in Operating Assets and Liabilities, net	-135	-55	42
Net Cash From Discontinued Operating Activities	-459	-1.60	-1.40
Net Cash From Investing Activities	2,147	-84	-71
Net Cash From Continuing Investing Activities	70	-91	-71
Purchase of Property, Plant & Equipment	-61	-52	-53
Acquisitions	-0.40	-103	0.00
Purchase of Investments	-6.70	-1.30	-2.80
Sale of Property, Plant & Equipment	40	0.30	0.90
Divestitures	0.00	0.00	80
Sale and/or Maturity of Investments	0.30	0.70	0.90
Other Investing Activities, net	98	65	-97
Net Cash From Discontinued Investing Activities	2,077	7.00	0.00
Net Cash From Financing Activities	-1,611	-280	-174
Net Cash From Continuing Financing Activities	-1,622	-280	-174
Repayment of Debt	-1,405	-141	-147
Repurchase of Common Equity	-182	-22	-30
Payment of Dividends	-22	-44	-44
Issuance of Debt	1.50	-56	50
Issuance of Common Equity	1.40	2.70	1.40
Other Financing Activities, net	-12	-19	-3.60
Net Cash From Discontinued Financing Activities	11	0.00	0.00
Effect of Exchange Rate Changes	-19	9.20	-22
Other Net Changes in Cash	12	0.00	0.00
Cash Interest Paid	106	145	141
Cash Income Taxes Paid	404	36	35

This table details how cash moves in and out of OPENLANE's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-655	100	-26	21	-120	6.80	-8.00	-22	32	23
Net Cash From Operating Activities	-125	9.60	96	46	74	19	100	37	121	33
Net Cash From Continuing Operating Activities	-47	80	96	47	74	21	100	38	122	33
Net Income / (Loss) Continuing Operations	0.50	42	13	-194	13	14	19	11	28	52
Consolidated Net Income / (Loss)	-5.80	37	13	-194	13	14	19	11	28	52
Depreciation Expense	24	24	23	27	26	25	24	24	24	23
Amortization Expense	2.50	2.20	2.20	2.20	2.20	2.10	2.20	2.50	2.20	2.20
Non-Cash Adjustments To Reconcile Net Income	17	-30	30	269	18	20	23	17	17	-19
Changes in Operating Assets and Liabilities, net	-91	42	29	-57	14	-40	33	-17	52	-26
Net Cash From Investing Activities	110	164	-6.60	-38	12	-51	-40	46	4.50	-81
Net Cash From Continuing Investing Activities	106	157	-14	-38	12	-51	-40	46	4.50	-81
Purchase of Property, Plant & Equipment	-14	-15	-12	-15	-13	-12	-13	-13	-13	-14
Purchase of Investments	-1.00	-0.10	-0.20	-0.40	-0.40	-0.30	-0.40	-1.20	-0.30	-0.90
Other Investing Activities, net	122	133	-1.70	-23	26	64	-26	60	17	-147
Net Cash From Financing Activities	-618	-82	-117	4.60	-200	32	-64	-103	-98	90
Net Cash From Continuing Financing Activities	-618	-82	-117	4.60	-200	32	-64	-103	-98	90
Repayment of Debt	-495	15	-0.50	-106	-146	111	-35	-48	-18	-46
Payment of Dividends	-11	-11	-11	-11	-11	-11	-11	-11	-11	-11
Issuance of Debt	-52	-35	-104	137	-20	-69	-33	-23	-37	143
Issuance of Common Equity	0.20	0.30	1.30	0.30	0.50	0.60	0.40	0.40	0.20	0.40
Other Financing Activities, net	-10	-0.90	-2.30	-16	-1.80	0.80	15	-21	-2.30	4.30
Effect of Exchange Rate Changes	-21	8.00	1.10	7.70	-6.20	6.60	-4.90	-2.40	4.20	-19
Cash Interest Paid	26	35	31	42	34	39	36	38	31	35
Cash Income Taxes Paid	82	79	12	9.40	6.90	7.50	15	14	4.80	0.60

This table presents OPENLANE's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	5,120	4,726	4,622
Total Current Assets	3,022	2,842	2,852
Cash & Equivalents	226	94	143
Restricted Cash	52	65	41
Note & Lease Receivable	2,395	2,282	2,323
Accounts Receivable	271	292	248
Other Current Assets	79	109	97
Plant, Property, & Equipment, net	124	170	149
Total Noncurrent Assets	1,974	1,715	1,622
Goodwill	1,465	1,271	1,223
Intangible Assets	367	318	279
Other Noncurrent Operating Assets	142	126	120
Total Liabilities & Shareholders' Equity	5,120	4,726	4,622
Total Liabilities	2,989	2,787	2,667
Total Current Liabilities	2,643	2,479	2,566
Short-Term Debt	1,966	1,787	1,883
Accounts Payable	551	557	548
Accrued Expenses	79	75	81
Current Deferred & Payable Income Tax Liabilities	6.90	9.80	11
Current Employee Benefit Liabilities	32	41	37
Other Current Nonoperating Liabilities	7.80	10	7.20
Total Noncurrent Liabilities	346	308	102
Long-Term Debt	205	202	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	54	21	24
Other Noncurrent Operating Liabilities	87	85	77
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	613	613	613
Total Equity & Noncontrolling Interests	1,518	1,327	1,343
Total Preferred & Common Equity	1,518	1,327	1,343
Total Common Equity	1,518	1,327	1,343
Common Stock	745	739	722
Retained Earnings	823	624	690
Accumulated Other Comprehensive Income / (Loss)	-50	-37	-69

This table presents OPENLANE's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	5,301	5,148	4,897	4,729	4,818	4,618	4,626
Total Current Assets	3,203	3,075	3,084	2,941	2,958	2,774	2,785
Cash & Equivalents	149	220	242	110	105	61	132
Restricted Cash	29	32	-	42	46	68	29
Note & Lease Receivable	2,534	2,385	2,397	2,358	2,293	2,220	2,193
Accounts Receivable	420	340	315	340	391	292	300
Other Current Assets	72	98	100	91	124	133	132
Plant, Property, & Equipment, net	131	120	119	115	164	160	160
Total Noncurrent Assets	1,967	1,953	1,694	1,673	1,697	1,684	1,681
Goodwill	1,452	1,466	1,244	1,238	1,266	1,264	1,270
Intangible Assets	372	359	323	310	308	298	290
Other Noncurrent Operating Assets	142	127	128	126	123	121	122
Total Liabilities & Shareholders' Equity	5,301	5,148	4,897	4,729	4,818	4,618	4,626
Total Liabilities	3,154	3,010	2,951	2,811	2,876	2,677	2,686
Total Current Liabilities	2,820	2,666	2,646	2,509	2,574	2,576	2,585
Short-Term Debt	1,991	1,864	1,905	1,738	1,718	1,846	1,797
Accounts Payable	646	684	626	646	744	600	651
Accrued Expenses	87	79	71	76	73	85	90
Current Deferred & Payable Income Tax Liabilities	59	2.50	2.30	3.30	5.00	3.20	4.40
Current Employee Benefit Liabilities	27	24	34	34	23	33	32
Other Current Nonoperating Liabilities	10	13	-	12	12	9.30	11
Total Noncurrent Liabilities	334	343	304	303	302	101	101
Long-Term Debt	195	206	201	201	201	0.00	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	51	53	22	23	19	20	21
Other Noncurrent Operating Liabilities	89	84	81	78	82	81	80
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	613	613	613	613	613	613	613
Total Equity & Noncontrolling Interests	1,534	1,526	1,334	1,306	1,330	1,328	1,327
Total Preferred & Common Equity	1,534	1,526	1,334	1,306	1,330	1,328	1,327
Total Common Equity	1,534	1,526	1,334	1,306	1,330	1,328	1,327
Common Stock	802	749	753	735	745	747	721
Retained Earnings	797	825	620	621	632	631	649
Accumulated Other Comprehensive Income / (Loss)	-64	-47	-38	-51	-46	-50	-42

This table displays calculated financial ratios and metrics derived from OPENLANE's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	5.42%	10.89%	5.47%
EBITDA Growth	-21.03%	-104.83%	2,940.00%
EBIT Growth	-31.43%	-225.21%	249.50%
NOPAT Growth	1,083.70%	-235.48%	233.40%
Net Income Growth	262.71%	-163.89%	171.32%
EPS Growth	712.50%	-240.00%	124.73%
Operating Cash Flow Growth	-206.11%	151.74%	23.79%
Free Cash Flow Firm Growth	-72.03%	36.34%	55.17%
Invested Capital Growth	-1.12%	-6.27%	-3.12%
Revenue Q/Q Growth	1.66%	4.25%	5.97%
EBITDA Q/Q Growth	-6.21%	-106.48%	-22.89%
EBIT Q/Q Growth	-8.31%	-365.34%	-31.36%
NOPAT Q/Q Growth	-15.84%	-641.04%	-23.34%
Net Income Q/Q Growth	15.30%	-17.36%	52.85%
EPS Q/Q Growth	25.00%	-14.47%	125.00%
Operating Cash Flow Q/Q Growth	-17.09%	4.30%	4.82%
Free Cash Flow Firm Q/Q Growth	120.41%	-66.17%	-17.01%
Invested Capital Q/Q Growth	-3.19%	1.70%	2.08%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	13.53%	-0.59%	15.88%
Operating Margin	6.19%	-8.01%	10.19%
EBIT Margin	6.28%	-7.09%	10.05%
Profit (Net Income) Margin	15.77%	-9.09%	6.14%
Tax Burden Percent	624.87%	105.19%	69.60%
Interest Burden Percent	40.21%	121.88%	87.87%
Effective Tax Rate	25.91%	0.00%	30.40%
Return on Invested Capital (ROIC)	1.73%	-2.43%	3.41%
ROIC Less NNEP Spread (ROIC-NNEP)	10.56%	-5.59%	2.45%
Return on Net Nonoperating Assets (RNNOA)	9.66%	-5.14%	2.24%
Return on Equity (ROE)	11.39%	-7.57%	5.64%
Cash Return on Invested Capital (CROIC)	2.85%	4.04%	6.58%
Operating Return on Assets (OROA)	1.53%	-2.44%	3.84%
Return on Assets (ROA)	3.84%	-3.13%	2.35%
Return on Common Equity (ROCE)	8.15%	-5.29%	3.87%
Return on Equity Simple (ROE_SIMPLE)	15.89%	-11.61%	8.19%
Net Operating Profit after Tax (NOPAT)	70	-95	127
NOPAT Margin	4.59%	-5.61%	7.09%
Net Nonoperating Expense Percent (NNEP)	-8.83%	3.16%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	1.90%	-2.87%	3.93%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	28.53%	24.87%	22.85%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	93.81%	108.01%	89.81%
Earnings before Interest and Taxes (EBIT)	96	-120	180
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	207	-10	284
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.94	1.21	1.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.93	0.94	1.19
Price to Earnings (P/E)	5.89	0.00	19.29
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	16.97%	0.00%	5.18%
Enterprise Value to Invested Capital (EV/IC)	0.97	1.07	1.21
Enterprise Value to Revenue (EV/Rev)	2.57	2.38	2.48
Enterprise Value to EBITDA (EV/EBITDA)	18.98	0.00	15.60
Enterprise Value to EBIT (EV/EBIT)	40.91	0.00	24.66
Enterprise Value to NOPAT (EV/NOPAT)	55.98	0.00	34.94
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.17	15.21
Enterprise Value to Free Cash Flow (EV/FCFF)	33.93	25.61	18.09
Leverage & Solvency	-	-	-
Debt to Equity	1.02	1.03	0.96
Long-Term Debt to Equity	0.10	0.10	0.00
Financial Leverage	0.92	0.92	0.91
Leverage Ratio	2.97	2.42	2.40
Compound Leverage Factor	1.19	2.95	2.11
Debt to Total Capital	50.47%	50.63%	49.06%
Short-Term Debt to Total Capital	45.70%	45.48%	49.06%
Long-Term Debt to Total Capital	4.77%	5.15%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	14.24%	15.59%	15.96%
Common Equity to Total Capital	35.29%	33.78%	34.98%
Debt to EBITDA	10.50	-198.89	6.63
Net Debt to EBITDA	9.15	-183.00	5.98
Long-Term Debt to EBITDA	0.99	-20.24	0.00
Debt to NOPAT	30.95	-20.92	14.85
Net Debt to NOPAT	26.99	-19.25	13.40
Long-Term Debt to NOPAT	2.93	-2.13	0.00
Altman Z-Score	0.96	0.90	1.28
Noncontrolling Interest Sharing Ratio	28.42%	30.10%	31.45%
Liquidity Ratios	-	-	-
Current Ratio	1.14	1.15	1.11
Quick Ratio	1.09	1.08	1.06
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	116	158	245
Operating Cash Flow to CapEx	-2,156.40%	455.32%	559.31%
Free Cash Flow to Firm to Interest Expense	2.02	6.00	11.23
Operating Cash Flow to Interest Expense	-7.93	8.95	13.37
Operating Cash Flow Less CapEx to Interest Expense	-8.29	6.98	10.98
Efficiency Ratios	-	-	-
Asset Turnover	0.24	0.34	0.38
Accounts Receivable Turnover	4.69	6.03	6.62
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	11.45	11.56	11.21
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	77.81	60.54	55.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	77.81	60.54	55.10
Capital & Investment Metrics	-	-	-
Invested Capital	4,033	3,780	3,662
Invested Capital Turnover	0.38	0.43	0.48
Increase / (Decrease) in Invested Capital	-46	-253	-118
Enterprise Value (EV)	3,928	4,042	4,431
Market Capitalization	1,421	1,600	2,120
Book Value per Share	$13.94	$12.28	$12.57
Tangible Book Value per Share	($2.88)	($2.42)	($1.49)
Total Capital	4,302	3,928	3,838
Total Debt	2,172	1,989	1,883
Total Long-Term Debt	205	202	0.00
Net Debt	1,894	1,830	1,699
Capital Expenditures (CapEx)	21	52	52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,068	1,991	1,985
Debt-free Net Working Capital (DFNWC)	2,346	2,150	2,169
Net Working Capital (NWC)	379	363	286
Net Nonoperating Expense (NNE)	-171	59	17
Net Nonoperating Obligations (NNO)	1,902	1,840	1,706
Total Depreciation and Amortization (D&A)	111	110	104
Debt-free, Cash-free Net Working Capital to Revenue	135.22%	117.40%	110.99%
Debt-free Net Working Capital to Revenue	153.38%	126.77%	121.26%
Net Working Capital to Revenue	24.80%	21.41%	15.99%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($1.82)	$0.46
Adjusted Weighted Average Basic Shares Outstanding	0.00	108.05M	106.91M
Adjusted Diluted Earnings per Share	$0.00	($1.82)	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	0.00	108.05M	106.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	108.05M	106.91M
Normalized Net Operating Profit after Tax (NOPAT)	45	81	127
Normalized NOPAT Margin	2.95%	4.75%	7.09%
Pre Tax Income Margin	2.52%	-8.64%	8.83%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.67	-4.57	8.24
NOPAT to Interest Expense	1.22	-3.61	5.82
EBIT Less CapEx to Interest Expense	1.30	-6.54	5.85
NOPAT Less CapEx to Interest Expense	0.85	-5.58	3.43
Payout Ratios	-	-	-
Dividend Payout Ratio	9.20%	-28.81%	40.40%
Augmented Payout Ratio	84.74%	-43.22%	67.70%

This table displays calculated financial ratios and metrics derived from OPENLANE's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.22%	6.96%	13.86%	8.51%	5.93%	15.50%	-1.02%	3.57%	7.71%	11.34%
EBITDA Growth	65.07%	-24.33%	100.72%	-406.16%	23.55%	-200.23%	14.25%	157.00%	10.06%	108.43%
EBIT Growth	218.95%	-34.66%	366.40%	-1,046.45%	32.79%	-527.44%	18.18%	132.10%	18.52%	69.19%
NOPAT Growth	-83.01%	-73.69%	333.04%	-972.20%	857.60%	-870.34%	5.88%	124.10%	50.66%	73.85%
Net Income Growth	-480.00%	627.45%	4,333.33%	-192.20%	318.97%	-61.46%	45.67%	105.52%	123.62%	265.73%
EPS Growth	-50.00%	0.00%	111.11%	-246.09%	106.67%	-88.46%	400.00%	100.00%	1,100.00%	833.33%
Operating Cash Flow Growth	-319.44%	-87.37%	255.50%	116.72%	158.74%	101.04%	4.27%	-19.40%	64.54%	69.43%
Free Cash Flow Firm Growth	-300.45%	-88.36%	146.52%	134.86%	174.52%	298.37%	-35.32%	-30.85%	-62.72%	-48.62%
Invested Capital Growth	18.51%	-1.12%	-9.35%	-8.67%	-10.78%	-6.27%	-6.24%	-3.21%	-3.49%	-3.12%
Revenue Q/Q Growth	2.29%	-2.65%	12.82%	-0.88%	-0.14%	6.15%	6.39%	3.72%	3.84%	9.72%
EBITDA Q/Q Growth	60.51%	-43.65%	-31.33%	-272.69%	164.77%	-145.72%	8.53%	-13.84%	25.06%	-96.50%
EBIT Q/Q Growth	166.67%	-66.39%	-38.89%	-397.08%	137.41%	-208.18%	13.88%	-19.30%	38.13%	-128.13%
NOPAT Q/Q Growth	-77.76%	75.56%	-32.42%	-427.84%	124.42%	-241.23%	19.41%	-25.39%	52.70%	-124.51%
Net Income Q/Q Growth	-102.76%	739.66%	-65.77%	-1,625.98%	106.55%	12.60%	29.37%	-42.16%	165.42%	84.15%
EPS Q/Q Growth	-111.72%	273.33%	-96.15%	-18,800.00%	100.53%	200.00%	66.67%	-100.00%	0.00%	133.33%
Operating Cash Flow Q/Q Growth	54.85%	107.66%	901.04%	-51.72%	58.62%	-73.78%	419.17%	-62.67%	223.80%	-73.00%
Free Cash Flow Firm Q/Q Growth	-0.96%	107.99%	321.24%	-50.45%	115.82%	-57.30%	0.67%	-47.03%	16.37%	-41.14%
Invested Capital Q/Q Growth	0.41%	-3.19%	-1.56%	-4.55%	-1.91%	1.70%	-1.53%	-1.47%	-2.19%	2.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.67%	265.26%	46.70%	100.00%	48.11%	199.62%	100.00%	43.05%	43.80%	201.20%
EBITDA Margin	19.24%	11.13%	19.85%	-34.59%	22.44%	-9.66%	22.92%	19.04%	22.93%	0.73%
Operating Margin	12.72%	2.27%	15.55%	-46.65%	15.97%	-16.56%	16.67%	12.92%	16.32%	-3.29%
EBIT Margin	12.42%	4.29%	13.86%	-41.54%	15.57%	-15.86%	16.55%	12.88%	17.13%	-4.39%
Profit (Net Income) Margin	-1.48%	9.70%	3.02%	-46.49%	3.05%	3.24%	4.44%	2.48%	6.33%	10.63%
Tax Burden Percent	-80.56%	62.04%	63.50%	90.94%	50.00%	67.45%	63.36%	58.79%	68.43%	75.80%
Interest Burden Percent	14.75%	364.63%	34.31%	123.04%	39.20%	-30.24%	42.38%	32.73%	54.04%	-319.44%
Effective Tax Rate	93.06%	29.93%	36.50%	0.00%	50.00%	35.85%	36.64%	41.21%	31.57%	24.20%
Return on Invested Capital (ROIC)	0.35%	0.60%	3.72%	-13.19%	3.30%	-4.61%	4.51%	3.37%	5.16%	-1.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.19%	2.20%	2.31%	-16.27%	2.22%	-1.34%	3.10%	2.14%	3.90%	2.44%
Return on Net Nonoperating Assets (RNNOA)	-0.16%	2.01%	2.22%	-14.56%	2.08%	-1.23%	2.74%	1.96%	3.49%	2.22%
Return on Equity (ROE)	0.19%	2.62%	5.93%	-27.76%	5.38%	-5.84%	7.24%	5.33%	8.65%	1.02%
Cash Return on Invested Capital (CROIC)	-14.77%	2.85%	13.55%	9.21%	11.84%	4.04%	6.42%	7.21%	8.08%	6.58%
Operating Return on Assets (OROA)	3.00%	1.04%	3.36%	-12.09%	5.05%	-5.46%	5.45%	4.48%	6.18%	-1.68%
Return on Assets (ROA)	-0.36%	2.36%	0.73%	-13.52%	0.99%	1.11%	1.46%	0.86%	2.29%	4.07%
Return on Common Equity (ROCE)	0.14%	1.87%	4.24%	-19.64%	3.76%	-4.09%	5.07%	3.65%	5.90%	0.70%
Return on Equity Simple (ROE_SIMPLE)	13.63%	0.00%	16.66%	-11.23%	-10.06%	0.00%	-11.15%	4.23%	5.42%	0.00%
Net Operating Profit after Tax (NOPAT)	3.47	6.10	42	-136	33	-47	44	33	50	-12
NOPAT Margin	0.88%	1.59%	9.87%	-32.66%	7.99%	-10.63%	10.56%	7.60%	11.17%	-2.50%
Net Nonoperating Expense Percent (NNEP)	0.53%	-1.60%	1.41%	3.08%	1.08%	-3.27%	1.41%	1.24%	1.26%	-3.64%
Return On Investment Capital (ROIC_SIMPLE)	-	0.17%	-	-	-	-1.42%	-	-	-	-0.38%
Cost of Revenue to Revenue	53.33%	-165.26%	53.30%	0.00%	51.89%	-99.62%	0.00%	56.95%	56.20%	-101.20%
SG&A Expenses to Revenue	27.76%	22.01%	25.68%	26.67%	25.80%	21.54%	26.11%	24.55%	22.17%	19.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.94%	262.99%	31.15%	146.65%	32.14%	216.18%	83.33%	30.13%	27.48%	204.49%
Earnings before Interest and Taxes (EBIT)	49	16	58	-173	65	-70	69	56	77	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	76	43	84	-144	93	-43	95	82	103	3.60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.84	0.94	0.98	1.25	1.25	1.21	1.40	1.35	1.38	1.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.86	0.93	0.95	1.04	1.00	0.94	1.14	1.09	1.09	1.19
Price to Earnings (P/E)	6.18	5.89	5.86	0.00	0.00	0.00	0.00	31.97	25.50	19.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	16.17%	16.97%	17.06%	0.00%	0.00%	0.00%	0.00%	3.13%	3.92%	5.18%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.97	0.99	1.09	1.09	1.07	1.14	1.13	1.14	1.21
Enterprise Value to Revenue (EV/Rev)	2.60	2.57	2.50	2.58	2.48	2.38	2.59	2.49	2.42	2.48
Enterprise Value to EBITDA (EV/EBITDA)	17.75	18.98	11.96	30.32	26.13	0.00	32.06	11.50	11.08	15.60
Enterprise Value to EBIT (EV/EBIT)	37.39	40.91	17.76	141.25	89.02	0.00	202.31	16.52	15.59	24.66
Enterprise Value to NOPAT (EV/NOPAT)	46.96	55.98	25.09	687.47	229.51	0.00	0.00	28.06	24.68	34.94
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	154.42	17.87	17.17	17.74	17.90	14.68	15.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	33.93	6.93	11.32	8.64	25.61	17.21	15.35	13.83	18.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.02	0.97	1.08	1.01	1.03	0.99	0.95	0.93	0.96
Long-Term Debt to Equity	0.09	0.10	0.10	0.10	0.11	0.10	0.10	0.00	0.00	0.00
Financial Leverage	0.82	0.92	0.96	0.90	0.94	0.92	0.88	0.92	0.89	0.91
Leverage Ratio	2.96	2.97	3.04	2.63	2.47	2.42	2.44	2.45	2.43	2.40
Compound Leverage Factor	0.44	10.82	1.04	3.24	0.97	-0.73	1.04	0.80	1.31	-7.67
Debt to Total Capital	50.45%	50.47%	49.19%	51.97%	50.27%	50.63%	49.68%	48.74%	48.09%	49.06%
Short-Term Debt to Total Capital	45.96%	45.70%	44.29%	47.01%	45.05%	45.48%	44.49%	48.74%	48.09%	49.06%
Long-Term Debt to Total Capital	4.49%	4.77%	4.90%	4.96%	5.22%	5.15%	5.19%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	14.14%	14.24%	14.55%	15.11%	15.88%	15.59%	15.86%	16.18%	16.39%	15.96%
Common Equity to Total Capital	35.41%	35.29%	36.26%	32.92%	33.85%	33.78%	34.45%	35.08%	35.52%	34.98%
Debt to EBITDA	9.91	10.50	6.31	15.43	12.57	-198.89	14.48	5.14	4.88	6.63
Net Debt to EBITDA	9.10	9.15	5.55	13.65	11.58	-183.00	13.34	4.78	4.44	5.98
Long-Term Debt to EBITDA	0.88	0.99	0.63	1.47	1.31	-20.24	1.51	0.00	0.00	0.00
Debt to NOPAT	26.22	30.95	13.25	349.88	110.36	-20.92	-2,283.45	12.55	10.86	14.85
Net Debt to NOPAT	24.09	26.99	11.64	309.62	101.70	-19.25	-2,103.81	11.67	9.89	13.40
Long-Term Debt to NOPAT	2.34	2.93	1.32	33.39	11.46	-2.13	-238.69	0.00	0.00	0.00
Altman Z-Score	0.86	0.91	0.96	0.83	1.03	0.93	1.06	1.04	1.08	1.13
Noncontrolling Interest Sharing Ratio	28.33%	28.42%	28.53%	29.25%	30.14%	30.10%	30.02%	31.51%	31.75%	31.45%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	1.14	1.15	1.17	1.17	1.15	1.15	1.08	1.08	1.11
Quick Ratio	1.10	1.09	1.10	1.12	1.12	1.08	1.08	1.00	1.02	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-647	52	451	223	482	206	292	155	180	106
Operating Cash Flow to CapEx	-876.22%	0.00%	800.83%	311.41%	570.54%	158.20%	776.74%	287.69%	968.80%	233.57%
Free Cash Flow to Firm to Interest Expense	-15.56	0.00	11.77	5.60	12.24	0.00	7.35	4.13	5.09	0.00
Operating Cash Flow to Interest Expense	-3.01	0.00	2.51	1.16	1.87	0.00	2.52	1.00	3.43	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.36	0.00	2.20	0.79	1.54	0.00	2.20	0.65	3.08	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.24	0.24	0.29	0.32	0.34	0.33	0.35	0.36	0.38
Accounts Receivable Turnover	3.09	4.69	4.06	4.33	4.28	6.03	4.49	5.46	5.27	6.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.28	11.45	11.96	12.46	13.20	11.56	11.56	11.86	12.29	11.21
Accounts Payable Turnover	1.20	0.00	1.12	0.93	0.99	0.00	0.90	1.45	1.43	0.00
Days Sales Outstanding (DSO)	118.04	77.81	89.89	84.28	85.26	60.54	81.34	66.88	69.20	55.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	303.92	0.00	326.66	390.89	367.16	0.00	405.02	251.60	255.85	0.00
Cash Conversion Cycle (CCC)	-185.88	77.81	-236.77	-306.61	-281.90	60.54	-323.68	-184.71	-186.65	55.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,166	4,033	3,970	3,789	3,717	3,780	3,722	3,667	3,587	3,662
Invested Capital Turnover	0.39	0.38	0.38	0.40	0.41	0.43	0.43	0.44	0.46	0.48
Increase / (Decrease) in Invested Capital	651	-46	-409	-360	-449	-253	-248	-122	-130	-118
Enterprise Value (EV)	3,915	3,928	3,921	4,139	4,032	4,042	4,248	4,126	4,082	4,431
Market Capitalization	1,294	1,421	1,490	1,662	1,633	1,600	1,869	1,797	1,833	2,120
Book Value per Share	$13.25	$13.94	$14.01	$12.22	$11.93	$12.28	$12.28	$12.26	$12.22	$12.57
Tangible Book Value per Share	($2.51)	($2.88)	($2.75)	($2.12)	($2.21)	($2.42)	($2.25)	($2.16)	($2.14)	($1.49)
Total Capital	4,333	4,302	4,208	4,053	3,857	3,928	3,861	3,786	3,736	3,838
Total Debt	2,186	2,172	2,070	2,106	1,939	1,989	1,918	1,846	1,797	1,883
Total Long-Term Debt	195	205	206	201	201	202	201	0.00	0.00	0.00
Net Debt	2,009	1,894	1,818	1,864	1,787	1,830	1,767	1,717	1,636	1,699
Capital Expenditures (CapEx)	14	-25	12	15	13	12	13	13	13	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,196	2,068	2,021	2,101	2,018	1,991	1,951	1,915	1,836	1,985
Debt-free Net Working Capital (DFNWC)	2,374	2,346	2,273	2,343	2,170	2,150	2,102	2,044	1,996	2,169
Net Working Capital (NWC)	383	379	409	438	432	363	385	198	200	286
Net Nonoperating Expense (NNE)	9.27	-31	29	58	21	-61	25	22	22	-65
Net Nonoperating Obligations (NNO)	2,019	1,902	1,831	1,842	1,798	1,840	1,779	1,726	1,647	1,706
Total Depreciation and Amortization (D&A)	27	26	25	29	29	27	27	27	26	25
Debt-free, Cash-free Net Working Capital to Revenue	146.00%	135.22%	128.66%	131.03%	124.04%	117.40%	118.92%	115.66%	108.75%	110.99%
Debt-free Net Working Capital to Revenue	157.81%	153.38%	144.70%	146.15%	133.39%	126.77%	128.12%	123.43%	118.27%	121.26%
Net Working Capital to Revenue	25.43%	24.80%	26.02%	27.31%	26.56%	21.41%	23.44%	11.96%	11.82%	15.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.26	$0.01	($1.87)	$0.01	$0.03	$0.05	$0.00	$0.12	$0.29
Adjusted Weighted Average Basic Shares Outstanding	0.00	108.92M	109.21M	109.45M	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M
Adjusted Diluted Earnings per Share	$0.00	$0.26	$0.01	($1.87)	$0.01	$0.03	$0.05	$0.00	$0.12	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	0.00	108.92M	109.21M	109.45M	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	108.92M	109.21M	109.45M	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M
Normalized Net Operating Profit after Tax (NOPAT)	35	6.10	42	39	33	-47	44	33	50	-12
Normalized NOPAT Margin	8.91%	1.59%	9.87%	9.45%	7.99%	-10.63%	10.56%	7.60%	11.17%	-2.50%
Pre Tax Income Margin	1.83%	15.63%	4.76%	-51.12%	6.10%	4.80%	7.01%	4.21%	9.26%	14.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.17	0.00	1.52	-4.34	1.64	0.00	1.74	1.49	2.18	0.00
NOPAT to Interest Expense	0.08	0.00	1.08	-3.41	0.84	0.00	1.11	0.88	1.42	0.00
EBIT Less CapEx to Interest Expense	0.83	0.00	1.21	-4.71	1.32	0.00	1.41	1.14	1.82	0.00
NOPAT Less CapEx to Interest Expense	-0.26	0.00	0.77	-3.79	0.52	0.00	0.78	0.53	1.07	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.31%	9.20%	13.10%	-29.64%	-33.82%	-28.81%	-29.94%	79.00%	61.75%	40.40%
Augmented Payout Ratio	68.50%	84.74%	13.10%	-29.64%	-88.80%	-43.22%	-29.94%	79.00%	103.48%	67.70%

Frequently Asked Questions About OPENLANE's Financials

When does OPENLANE's fiscal year end?

According to the most recent income statement we have on file, OPENLANE's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has OPENLANE's net income changed over the last 2 years?

OPENLANE's net income appears to be on a downward trend, with a most recent value of $109.90 million in 2024, falling from $241.20 million in 2022. The previous period was -$154.10 million in 2023.

What is OPENLANE's operating income?

OPENLANE's total operating income in 2024 was $182.20 million, based on the following breakdown:

Total Gross Profit: $1.79 billion
Total Operating Expenses: $1.61 billion

How has OPENLANE revenue changed over the last 2 years?

Over the last 2 years, OPENLANE's total revenue changed from $1.53 billion in 2022 to $1.79 billion in 2024, a change of 17.0%.

How much debt does OPENLANE have?

OPENLANE's total liabilities were at $2.67 billion at the end of 2024, a 4.3% decrease from 2023, and a 10.8% decrease since 2022.

How much cash does OPENLANE have?

In the past 2 years, OPENLANE's cash and equivalents has ranged from $93.50 million in 2023 to $225.70 million in 2022, and is currently $143 million as of their latest financial filing in 2024.

How has OPENLANE's book value per share changed over the last 2 years?

Over the last 2 years, OPENLANE's book value per share changed from 13.94 in 2022 to 12.57 in 2024, a change of -9.9%.

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This page (NYSE:KAR) was last updated on 4/25/2025 by MarketBeat.com Staff

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OPENLANE (KAR) Financials

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OPENLANE (KAR) Financials

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