OPENLANE Inc. Common Stock (OPLN)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn high returns on capital, carry modest debt, and sell at a sensible price. OPENLANE is a digital marketplace for wholesale used vehicles, a business that can benefit from network effects if scale is real. The filed numbers show a turnaround: in fiscal year 2023, the year ended 2023-12-31, revenue was $1.7B and net loss was $154.1M; in fiscal year 2024, the year ended 2024-12-31, revenue was $1.8B and net income was $109.9M; in fiscal year 2025, the year ended 2025-12-31, revenue was $1.9B and net income was $177.7M. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $527.9M and net income was $48.9M; in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $554.6M and net income was $44.3M. That is progress, but FairStock's trailing P/E is -60.42, and the provided trailing EPS is -$0.62, while fiscal year 2025 diluted EPS was -$0.96 despite positive net income—an inconsistency I would want to understand. At the 2026-10-13 close of $37.46, FairStock's P/B is 2.93, ROE is 11.15%, ROCE is 4.58%, EV/EBITDA is 14.85, and FCF yield is 7.7% on $353.9M of trailing free cash flow. Debt/equity of 1.57 and an Altman Z-Score of 1.26 suggest a leveraged, cyclical business without a wide margin of safety. The turnaround is encouraging, but I see a fair-to-full price, modest capital returns, and enough balance-sheet risk to demand caution.

In plain English: OPENLANE runs online marketplaces where dealers buy and sell used cars, plus related financing. Revenue has been growing and recent quarters are profitable, but profits have swung widely and the company uses a lot of debt. At $37.46, the price looks more fair than cheap compared with the company's current earnings and cash generation.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer