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    OPENLANE Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    5/7/25 4:15:23 PM ET
    $KAR
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary
    Get the next $KAR alert in real time by email
    kar-20250507
    0001395942false00013959422025-05-072025-05-07

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    FORM 8-K

    CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): May 7, 2025

    OPENLANElogo2023.jpg

    OPENLANE, Inc.
    (Exact name of Registrant as specified in its charter)

    Delaware
    001-34568
    20-8744739
    (State or other jurisdiction
    of incorporation)
    (Commission File
    Number)
    (IRS Employer
    Identification No.)


    11299 N. Illinois Street, Suite 500
    Carmel, Indiana 46032
    (Address of principal executive offices)
    (Zip Code)

    (800) 923-3725
    (Registrant’s telephone number, including area code)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading symbolName of each exchange on which registered
    Common Stock, par value $0.01 per shareKARNew York Stock Exchange
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





    Item 2.02    Results of Operations and Financial Condition.

    On May 7, 2025, OPENLANE, Inc. (“OPENLANE” or the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2025. OPENLANE will host an earnings conference call and webcast, Wednesday, May 7, 2025 at 5:00 p.m., Eastern Time. The conference call may be accessed by calling 1-833-634-2155 and asking to join the OPENLANE call, and the live webcast may be accessed at the investor relations section of corporate.openlane.com. The press release dated May 7, 2025 is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference in its entirety.

    On May 7, 2025, OPENLANE also posted supplemental financial information for the three months ended March 31, 2025, and Earnings Slides for the three months ended March 31, 2025. The supplemental financial information and Earnings Slides can be located at the investor relations section of corporate.openlane.com. The supplemental financial information and Earnings Slides posted on May 7, 2025 are attached to this Current Report on Form 8-K as Exhibits 99.2 and 99.3, respectively, and are incorporated herein by reference in their entirety.







    Item 9.01    Financial Statements and Exhibits.

        (d) Exhibits

            EXHIBIT NO.            DESCRIPTION OF EXHIBIT
                
    99.1    Press release dated May 7, 2025 – "OPENLANE, Inc. Reports First Quarter 2025 Financial Results"

    99.2    OPENLANE, Inc. First Quarter 2025 Supplemental Financial Information – May 7, 2025

    99.3    OPENLANE, Inc. First Quarter 2025 Earnings Slides – May 7, 2025

    104    Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.


    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


    Dated: May 7, 2025OPENLANE, Inc.
    /s/ CHARLES S. COLEMAN
    Charles S. Coleman
    Executive Vice President, Chief Legal Officer and Secretary

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