OPENLANE reports strong Q1 2026 with 15% revenue growth and raises full-year guidance.

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.