OPENLANE, Inc.
KARFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,789
Cost of Revenue
1,080
Gross Profit
709
Gross Margin
39.6%
Operating Income
182
Operating Margin
10.2%
Net Income
110
Net Margin
6.1%
EPS (Basic)
$0.46
EPS (Diluted)
$0.45
EBITDA
275
EBITDA Margin
15.4%
2023
12/31/2023
Revenue
1,645
Cost of Revenue
868
Gross Profit
778
Gross Margin
47.3%
Operating Income
-5
Operating Margin
-0.3%
Net Income
-154
Net Margin
-9.4%
EPS (Basic)
$-1.82
EPS (Diluted)
$-1.82
EBITDA
111
EBITDA Margin
6.7%
2022
12/31/2022
Revenue
1,529
Cost of Revenue
913
Gross Profit
616
Gross Margin
40.3%
Operating Income
95
Operating Margin
6.2%
Net Income
241
Net Margin
15.8%
EPS (Basic)
$0.25
EPS (Diluted)
$0.25
EBITDA
179
EBITDA Margin
11.7%
2021
12/31/2021
Revenue
1,451
Cost of Revenue
793
Gross Profit
658
Gross Margin
45.4%
Operating Income
128
Operating Margin
8.8%
Net Income
67
Net Margin
4.6%
EPS (Basic)
$0.28
EPS (Diluted)
$0.28
EBITDA
250
EBITDA Margin
17.2%
2020
12/31/2020
Revenue
1,327
Cost of Revenue
744
Gross Profit
583
Gross Margin
43.9%
Operating Income
69
Operating Margin
5.2%
Net Income
1
Net Margin
0.0%
EPS (Basic)
$-0.16
EPS (Diluted)
$-0.16
EBITDA
173
EBITDA Margin
13.0%