Added to YB: 2026-04-06
Pitch date: 2026-03-31
OPLN [neutral]
OPENLANE, Inc.
+20.62%
current return
Author Info
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Company Info
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for wholesale used vehicles in the United States, Canada, Continental Europe, and the United Kingdom.
Market Cap
$3.8B
Pitch Price
$29.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.76
P/E
-44.75
EV/Sales
3.09
Sector
Commercial Services and Supplies
Category
value
Openlane Inflates Revenue With New Accounting Treatment
OPLN (update): Changed accounting to classify credit loss provision as opex vs netting against finance rev, inflating sales +3.1% ($54.3M) in 2024 & +3.6% ($59.2M) in 2023. Boosts gross margin weeks after SEC caught overstating gross profit. At $20.91, implies 8.5% sales CAGR '27-'32 (vs 7.2% 3yr avg), 9.7% NOPAT margin (vs 6.69% '24), & 9.8% ROIC (vs 4.2% 3yr avg).
Read full article (1 min)