Openlane posts Q3 2026 revenue of $561 M, raises full‑year guidance and expands share buyback
Openlane reported third‑quarter 2026 results on November 4, showing revenue of $561 million, up 13% year‑over‑year, and a gross merchandise value of about $10 billion, a 38% increase. Net profit was $45 million and adjusted EBITDA reached $107 million, a 23% rise from the prior year. The board increased the share‑repurchase authorization to $400 million and lifted its 2026 earnings per share outlook to $1.45‑$1.52.
Why it matters
The higher guidance suggests stronger earnings potential for the rest of 2026, which could support the stock price if the company meets the targets (the company expects). The expanded buyback program signals confidence in cash generation and may provide additional support to shareholders.
Key facts
- 1Revenue for Q3 2026 was $561 million, a 13% increase versus the same quarter last year. prnewswire.com
- 2Gross merchandise value grew to approximately $10.0 billion, up 38% year‑over‑year. prnewswire.com
- 3Net profit for the quarter was $45 million. prnewswire.com
- 4Adjusted EBITDA amounted to $107 million, reflecting a 23% year‑over‑year increase. prnewswire.com
- 5The board raised the share‑repurchase program from $250 million to $400 million and extended it through December 31 2027. prnewswire.com
- 6Full‑year 2026 operating adjusted EPS guidance was increased to a range of $1.45‑$1.52 per share. prnewswire.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.