OPENLANE, Inc.
OPLN · Retail-Auto Dealers & Gasoline Stations · 105.9M shares · -5%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $6M (gross $22M, SBC $16M)
Reference price $36.04 · est. market cap ~$3.8B — last insider sale, 2026-05-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B79Leading digital wholesale used-vehicle marketplace with top-decile margins and a tailwind from rising off-lease volumes.
Strengths
- Net margin 9.2% and operating margin 10.2% (both 100th pct); interest coverage 10.9 (84th)
- Scaled, asset-light marketplace (~1.5M transactions, $28.8B GMV) with complementary AFC finance arm
- ROE 14.3% (57th) with off-lease volume tailwind expected from 2026 lease maturities
Risks
- ROA only 3.8% (50th) and current ratio 1.16 — returns/liquidity are good not dominant
- Dependent on used-vehicle supply cycle; tariff/trade and interest-rate sensitivity
- ERP/platform consolidation execution risk
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
10.2%
Net margin
9.2%
Return on equity
14.3%
Return on assets
3.8%
ROIC
8.8%
Revenue growth (QoQ)
6.8%
Net-income growth
61.7%
Debt / equity
0.4×
Net debt / EBITDA
1.3×
Interest coverage
10.9×
Current ratio
1.2×
EBITDA
$288M
Tangible book value
-$106M
Cash & investments
$142M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Jacoby Stefan | Grant | 6.0K | $36.48 |
| 2026-06-05 | Galvin Carmel | Grant | 6.0K | $36.48 |
| 2026-05-28 | Ignition Acquisition Holdings LP | Conversion | 16.4M | $17.75 |
| 2026-05-27 | Herring Bradley | Option exercise | 16K | — |
| 2026-05-27 | Herring Bradley | Tax withheld | 4.5K | $36.90 |
| 2026-05-14 | Mitchell William Clyde | Sell | 6.5K | $36.04 |
| 2026-05-08 | Richer Tobin P | Sell | 4.0K | $38.31 |
| 2026-05-06 | Richer Tobin P | Sell | 11K | $35.57 |
| 2026-05-06 | Richer Tobin P | Sell | 9.9K | $36.02 |
| 2026-05-06 | Richer Tobin P | Option exercise | 26K | $18.23 |
| 2026-05-06 | Richer Tobin P | Sell | 14K | $35.57 |
| 2026-05-06 | Richer Tobin P | Sell | 12K | $36.01 |
| 2026-05-06 | Coyle James P | Sell | 8.3K | $35.57 |
| 2026-05-06 | Coyle James P | Sell | 6.7K | $36.01 |
| 2026-05-06 | Coleman Charles S. | Option exercise | 20K | $13.81 |
| 2026-05-06 | Coleman Charles S. | Sell | 20K | $35.86 |
| 2026-05-06 | Richer Tobin P | Sell | 5.8K | $36.01 |
| 2026-05-06 | Richer Tobin P | Option exercise | 6.9K | $13.81 |
| 2026-05-06 | Richer Tobin P | Sell | 3.8K | $35.57 |
| 2026-05-06 | Richer Tobin P | Sell | 3.1K | $36.01 |
| 2026-05-06 | Richer Tobin P | Option exercise | 13K | $18.23 |
| 2026-05-06 | Richer Tobin P | Sell | 7.2K | $35.57 |
| 2026-05-06 | Richer Tobin P | Option exercise | 21K | $13.81 |
| 2026-03-31 | Smith Mary Ellen | Grant | 858 | $29.15 |
| 2026-02-24 | Price Dwayne P | Tax withheld | 335 | $26.15 |
| 2026-02-24 | Nowlin J Marty | Option exercise | 2.8K | — |
| 2026-02-24 | Nowlin J Marty | Tax withheld | 804 | $26.15 |
| 2026-02-24 | Price Dwayne P | Option exercise | 1.2K | — |
| 2026-02-24 | Mitchell William Clyde | Option exercise | 2.4K | — |
| 2026-02-24 | Mitchell William Clyde | Tax withheld | 670 | $26.15 |
| 2026-02-22 | Nowlin J Marty | Option exercise | 2.7K | — |
| 2026-02-22 | Nowlin J Marty | Tax withheld | 828 | $28.63 |
| 2026-02-22 | Mitchell William Clyde | Option exercise | 2.3K | — |
| 2026-02-22 | Mitchell William Clyde | Tax withheld | 646 | $28.63 |
| 2026-02-22 | Price Dwayne P | Option exercise | 1.7K | — |
| 2026-02-22 | Price Dwayne P | Tax withheld | 575 | $28.63 |
| 2026-02-21 | Richer Tobin P | Option exercise | 3.2K | — |
| 2026-02-21 | Richer Tobin P | Tax withheld | 935 | $28.63 |
| 2026-02-21 | Kelly Peter J | Tax withheld | 23K | $28.63 |
| 2026-02-21 | Nowlin J Marty | Tax withheld | 1.1K | $28.63 |
| 2026-02-21 | Price Dwayne P | Option exercise | 1.9K | — |
| 2026-02-21 | Price Dwayne P | Tax withheld | 645 | $28.63 |
| 2026-02-21 | Mitchell William Clyde | Option exercise | 4.8K | — |
| 2026-02-21 | Mitchell William Clyde | Tax withheld | 1.6K | $28.63 |
| 2026-02-21 | Coleman Charles S. | Option exercise | 7.2K | — |
| 2026-02-21 | Coleman Charles S. | Tax withheld | 2.1K | $28.63 |
| 2026-02-21 | Kelly Peter J | Option exercise | 54K | — |
| 2026-02-21 | Nowlin J Marty | Option exercise | 3.2K | — |
| 2026-02-21 | Coyle James P | Option exercise | 17K | — |
| 2026-02-21 | Coyle James P | Tax withheld | 7.4K | $28.63 |
| 2026-02-20 | Coyle James P | Option exercise | 18K | $14.66 |
| 2026-02-20 | Coyle James P | Sell | 18K | $28.85 |
| 2026-02-20 | Coyle James P | Option exercise | 71K | $14.66 |
| 2026-02-20 | Coyle James P | Sell | 71K | $28.82 |
| 2026-02-18 | Kelly Peter J | Tax withheld | 117K | $29.10 |
| 2026-02-18 | Richer Tobin P | Grant | 6.8K | — |
| 2026-02-18 | Richer Tobin P | Tax withheld | 2.2K | $29.10 |
| 2026-02-18 | Coyle James P | Grant | 35K | — |
| 2026-02-18 | Coyle James P | Tax withheld | 10K | $29.10 |
| 2026-02-18 | Coleman Charles S. | Grant | 23K | — |
| 2026-02-18 | Coleman Charles S. | Tax withheld | 6.8K | $29.10 |
| 2026-02-18 | Kelly Peter J | Grant | 275K | — |
| 2025-12-31 | Smith Mary Ellen | Grant | 777 | $29.78 |
| 2025-12-05 | Kelly Peter J | Option exercise | 3.4K | — |
| 2025-12-05 | Kelly Peter J | Tax withheld | 3.4K | $26.14 |
| 2025-12-02 | Coleman Charles S. | Sell | 59K | $26.00 |
| 2025-12-02 | Coleman Charles S. | Sell | 29K | $26.00 |
| 2025-12-02 | Coleman Charles S. | Option exercise | 29K | $18.23 |
| 2025-12-02 | Coleman Charles S. | Option exercise | 59K | $18.23 |
| 2025-11-08 | Coyle James P | Option exercise | 4.3K | — |
| 2025-11-08 | Coyle James P | Tax withheld | 1.9K | $25.10 |
| 2025-09-30 | Smith Mary Ellen | Grant | 804 | $28.78 |
| 2025-08-09 | Price Dwayne P | Option exercise | 441 | — |
| 2025-08-09 | Price Dwayne P | Tax withheld | 126 | $27.98 |
| 2025-08-07 | Coyle James P | Sell | 141K | $27.93 |
| 2025-08-07 | Coyle James P | Option exercise | 141K | $14.66 |
| 2025-08-07 | Coyle James P | Option exercise | 933 | $14.66 |
| 2025-08-07 | Coyle James P | Sell | 933 | $29.01 |
| 2025-08-07 | Coyle James P | Option exercise | 53K | $14.66 |
| 2025-08-07 | Coyle James P | Sell | 53K | $27.93 |
| 2025-08-07 | Coyle James P | Option exercise | 390 | $14.66 |
| 2025-08-07 | Coyle James P | Sell | 390 | $29.04 |
| 2025-08-07 | Coleman Charles S. | Option exercise | 40K | $13.81 |
| 2025-08-07 | Coleman Charles S. | Sell | 40K | $27.97 |
| 2025-08-07 | Coleman Charles S. | Option exercise | 20K | $13.81 |
| 2025-08-07 | Coleman Charles S. | Sell | 20K | $27.97 |
| 2025-06-30 | Smith Mary Ellen | Grant | 946 | $24.45 |
| 2025-06-06 | Jacoby Stefan | Grant | 7.2K | $23.63 |
| 2025-06-06 | Galvin Carmel | Grant | 7.2K | $23.63 |
| 2025-05-09 | Coyle James P | Sell | 7.0K | $21.72 |
| 2025-05-09 | Richer Tobin P | Option exercise | 6.7K | — |
| 2025-05-09 | Richer Tobin P | Tax withheld | 2.0K | $21.96 |
| 2025-05-09 | Mitchell William Clyde | Option exercise | 1.0K | — |
| 2025-05-09 | Mitchell William Clyde | Tax withheld | 285 | $21.96 |
| 2025-05-09 | Kelly Peter J | Option exercise | 49K | — |
| 2025-05-09 | Kelly Peter J | Tax withheld | 21K | $21.96 |
| 2025-05-09 | Coleman Charles S. | Option exercise | 15K | — |
| 2025-05-09 | Coleman Charles S. | Tax withheld | 4.4K | $21.96 |
| 2025-05-09 | Coyle James P | Option exercise | 20K | — |
| 2025-05-09 | Coyle James P | Tax withheld | 8.8K | $21.96 |
| 2025-03-31 | Smith Mary Ellen | Grant | 1.2K | $19.28 |
| 2025-02-28 | Price Dwayne P | Option exercise | 316 | — |
| 2025-02-28 | Price Dwayne P | Tax withheld | 90 | $22.30 |
| 2025-02-28 | Mitchell William Clyde | Option exercise | 1.2K | — |
| 2025-02-28 | Mitchell William Clyde | Tax withheld | 345 | $22.30 |
| 2025-02-24 | Mitchell William Clyde | Option exercise | 2.4K | — |
| 2025-02-24 | Price Dwayne P | Option exercise | 1.2K | — |
| 2025-02-24 | Price Dwayne P | Tax withheld | 398 | $20.94 |
| 2025-02-24 | Mitchell William Clyde | Tax withheld | 796 | $20.94 |
| 2025-02-22 | Price Dwayne P | Option exercise | 1.7K | — |
| 2025-02-22 | Mitchell William Clyde | Option exercise | 2.3K | — |
| 2025-02-22 | Price Dwayne P | Tax withheld | 576 | $20.92 |
| 2025-02-22 | Mitchell William Clyde | Tax withheld | 768 | $20.92 |
| 2025-02-19 | Kelly Peter J | Tax withheld | 41K | $20.07 |
| 2025-02-19 | Coleman Charles S. | Grant | 6.9K | — |
| 2025-02-19 | Coleman Charles S. | Tax withheld | 2.3K | $20.07 |
| 2025-02-19 | Coyle James P | Grant | 10K | — |
| 2025-02-19 | Coyle James P | Tax withheld | 3.2K | $20.07 |
| 2025-02-19 | Richer Tobin P | Grant | 2.9K | — |
| 2025-02-19 | Richer Tobin P | Tax withheld | 999 | $20.07 |
| 2025-02-19 | Kelly Peter J | Grant | 110K | — |
| 2024-12-31 | Smith Mary Ellen | Grant | 1.2K | $19.84 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Exec/director change | filing ↗ |
| 2026-06-08 | Shareholder vote | filing ↗ |
| 2026-05-29 | 5.03Exhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-03 | Reg FDExhibits | filing ↗ |
| 2026-02-18 | ResultsExhibits | filing ↗ |
| 2026-01-30 | Exec/director change | filing ↗ |
| 2025-11-18 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-09 | 0001395942-26-000027 ↗ |
| 8-K | 2026-06-08 | 2026-06-05 | 0001395942-26-000024 ↗ |
| 8-K | 2026-05-29 | 2026-05-29 | 0001395942-26-000022 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001395942-26-000018 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001395942-26-000019 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0001395942-26-000015 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001395942-26-000006 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001395942-26-000005 ↗ |
| 8-K | 2026-01-30 | 2026-01-29 | 0001395942-26-000002 ↗ |
| 8-K | 2025-11-18 | 2025-11-18 | 0001395942-25-000070 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001395942-25-000068 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001395942-25-000067 ↗ |