OPENLANE Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
OPLN$35.23+0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Loss)
(In millions, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating revenues | ||||
| Auction fees | $113.2 | $102.1 | $331.8 | $305.3 |
| Service revenue | 148.1 | 153.9 | 445.4 | 475.2 |
| Purchased vehicle sales | 93.0 | 60.6 | 231.4 | 176.5 |
| Finance-related revenue | 94.1 | 99.7 | 287.9 | 296.8 |
| Total operating revenues | 448.4 | 416.3 | 1,296.5 | 1,253.8 |
| Operating expenses | ||||
| Cost of services (exclusive of depreciation and amortization) | 252.0 | 216.0 | 711.8 | 662.8 |
| Selling, general and administrative | 99.4 | 107.4 | 314.1 | 326.6 |
| Depreciation and amortization | 23.8 | 26.4 | 72.2 | 76.2 |
| Goodwill and other intangibles impairment | — | — | — | 250.8 |
| Total operating expenses | 375.2 | 349.8 | 1,098.1 | 1,316.4 |
| Operating profit (loss) | 73.2 | 66.5 | 198.4 | (62.6) |
| Interest expense | 35.3 | 39.4 | 112.4 | 116.5 |
| Other (income) expense, net | (3.6) | 1.7 | (2.9) | (12.5) |
| Loss on extinguishment of debt | — | — | — | 1.1 |
| Income (loss) from continuing operations before income taxes | 41.5 | 25.4 | 88.9 | (167.7) |
| Income taxes | 13.1 | 12.7 | 31.3 | 0.7 |
| Income (loss) from continuing operations | 28.4 | 12.7 | 57.6 | (168.4) |
| Income from discontinued operations, net of income taxes | — | — | — | — |
| Net income (loss) | $28.4 | $12.7 | $57.6 | $(168.4) |
| Net income (loss) per share - basic | ||||
| Income (loss) from continuing operations | $0.12 | $0.01 | $0.17 | $(1.84) |
| Income from discontinued operations | — | — | — | — |
| Net income (loss) per share - basic | $0.12 | $0.01 | $0.17 | $(1.84) |
| Net income (loss) per share - diluted | ||||
| Income (loss) from continuing operations | $0.12 | $0.01 | $0.17 | $(1.84) |
| Income from discontinued operations | — | — | — | — |
| Net income (loss) per share - diluted | $0.12 | $0.01 | $0.17 | $(1.84) |
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