OPENLANE, a digital marketplace for used vehicles, reported a 15% increase in revenue to $528 million for Q1 2026, driven by a 22% rise in auction and related fees. Net income grew 33% to $49 million, and adjusted EBITDA rose 17% to $97 million. The company saw a 25% year-over-year growth in marketplace commercial vehicle sales and a 13% increase in dealer vehicle sales. OPENLANE raised its 2026 full-year guidance, expecting net income between $147 million and $164 million and adjusted EBITDA between $365 million and $385 million, reflecting confidence in its scalable business model and market position.
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
YieldMax ETFs have announced their weekly distributions for Group 1 ETFs, with distribution rates ranging from about 25% to over 65%. These ETFs focus on option income strategies across sectors like semiconductors, AI, crypto, and metals. Investors s...
QTREX Quantum Ltd announced that its Additively Manufactured Electronics (AME) technology achieved a 97% yield validation at a major U.S. interconnect manufacturer. This milestone confirms the technology's readiness for high-demand production environ...
Clean Energy Fuels Corp. secured contracts to design and install liquefied natural gas (LNG) fueling systems in Puerto Rico, supporting a pharmaceutical manufacturer and P.R. Energy Partners' luxury residential and hotel operations. These projects wi...
Epson introduced the WorkForce Enterprise AM-C10000, a high-speed color multifunction printer capable of printing 100 ISO pages per minute, designed for busy offices and print services requiring precise color control. It supports heavy workloads with...
