OPENLANE's Q1 2026: Record Revenue, EBITDA, and EV Conversions

OPENLANEs Q1 2026 earnings show a strong performance: revenue up 15% to $528M, adjusted EBITDA up 17% to $97M, and GMV surging 32% to $9.1B. They sold 19% more vehicles, setting records since going digital. The marketplace led growth with a 39% adjusted EBITDA jump, while dealer-to-dealer sales grew 13% in the US. Commercial volumes surged 25%, even without a major new client. OPENLANEs finance arm, AFC, managed $2.4B in receivables, up 3% with steady loan losses. They raised full-year adjusted EBITDA guidance to $365-385M, driven by marketplace strength and Canadian tax breaks. Despite challenges, OPENLANEs scaling digital model, cash flow, and share buybacks position them to outpace the wholesale auto game through 2026 and beyond. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/adbb1351ce53a402