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OPENLANE shares dip to $34 after Apax Partners sells stake, with strong Q2 growth and raised 2026 EBITDA outlook.

Market News
22 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

OPENLANE's shares dropped to around $34 following the sale of 8 million shares by private equity partner Apax Partners. The company also announced a $25 million buyback, reducing a major overhang. OPENLANE's business model, combining a digital wholesale car auction platform and floorplan finance, is driving accelerating growth and strong network effects. Q2 results beat expectations, and the company raised its full-year 2026 adjusted EBITDA guidance to $385–$400 million, supported by robust commercial volume growth and favorable industry trends. Valued at 11–12x EV/EBITDA, OPENLANE is considered undervalued given its capital-light, cash-generative model and potential for share price re-rating to $46.

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