Openlane hosted its Q2 2026 earnings call with CEO Peter Kelly and CFO Brad Herring; revenue rose 15% to USD 555 million, adjusted EBITDA rose 19% to USD 103 million.
Full-year adjusted EBITDA guidance increased to USD 385 million-USD 400 million, reflecting U.S. dealer and commercial momentum despite fuel-related transport margin pressure.
Marketplace vehicles sold climbed 27%; GMV rose 41% to USD 10.5 billion; segment adjusted EBITDA increased 27% to USD 57 million.
U.S. dealer units sold increased about 31%; management tied share gains mainly to dealers shifting from physical auctions, citing limited visibility on digital rivals.
Finance unit AFC posted adjusted EBITDA of USD 46.5 million; loan loss rate held at 1.2%; Series A preferred converted, adding 17,100,000 common shares.
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