OPENLANE Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
OPLN$35.23+0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(In millions, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating revenues | ||
| Auction fees | $109.9 | $99.9 |
| Service revenue | 150.2 | 165.6 |
| Purchased vehicle sales | 58.2 | 55.5 |
| Finance-related revenue | 98.0 | 99.6 |
| Total operating revenues | 416.3 | 420.6 |
| Operating expenses | ||
| Cost of services (exclusive of depreciation and amortization) | 213.9 | 224.2 |
| Selling, general and administrative | 108.7 | 108.0 |
| Depreciation and amortization | 24.3 | 23.0 |
| Total operating expenses | 346.9 | 355.2 |
| Operating profit | 69.4 | 65.4 |
| Interest expense | 39.7 | 38.3 |
| Other (income) expense, net | 0.5 | 7.1 |
| Income from continuing operations before income taxes | 29.2 | 20.0 |
| Income taxes | 10.7 | 7.3 |
| Income from continuing operations | 18.5 | 12.7 |
| Income from discontinued operations, net of income taxes | — | — |
| Net income | $18.5 | $12.7 |
| Net income per share - basic | ||
| Income from continuing operations | $0.05 | $0.01 |
| Income from discontinued operations | — | — |
| Net income per share - basic | $0.05 | $0.01 |
| Net income per share - diluted | ||
| Income from continuing operations | $0.05 | $0.01 |
| Income from discontinued operations | — | — |
| Net income per share - diluted | $0.05 | $0.01 |
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