OPENLANE Reports Q3 Earnings Beat and Raises FY2026 Adjusted EPS Guidance
OPENLANE (NYSE: OPLN) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP EPS of $0.43, which beat consensus by $0.05. The company's revenue reached $561.2 million, representing a 12.6% increase year-over-year and surpassing estimates by $5.37 million. Looking ahead to fiscal year 2026, the company provided updated guidance. While its adjusted EPS outlook of $1.45-$1.52 sits slightly above consensus, its diluted EPS projection of $1.27-$1.34 is lower than the market expectation of $1.44. The company expects net income to fall between $169 million and $177 million, with adjusted EBITDA ranging from $390 million to $400 million.
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