OPENLANE, Inc. (OPLN) financial model — FocusAlpha
Three-statement model of OPENLANE, Inc. (OPLN): income statement, balance sheet, cash flow, segments and valuation, every reported figure linked to its filing. Key numbers: revenue (USD m) FY2024 1,789, FY2025 1,935, FY2026E 2,194, FY2027E 2,422, FY2028E 2,595; Non-GAAP EPS – diluted FY2026E 1.43; target price 38.88 vs share price (close on 2026-10-19) 36.99. Built by FocusAlpha Model Builder; version 7855872 of 2026-10-21.
Income statement (USD m; margins and growth in %, EPS per share; negatives in parentheses; - = zero; E = model forecast)| Line | FY2024 | FY2025 | FY2026E | FY2027E | FY2028E |
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| Revenue | 1,789 | 1,935 | 2,194 | 2,422 | 2,595 |
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| Revenue YoY | 5.5% | 8.2% | 13.4% | 10.4% | 7.1% |
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| Operating income | 182 | 197 | 256 | 283 | 299 |
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| Operating margin | 10.2% | 10.2% | 11.7% | 11.7% | 11.5% |
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| Net income | 110 | 178 | 168 | 188 | 199 |
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| EPS – diluted | 0.45 | (0.96) | 1.26 | 1.52 | 1.65 |
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| Non-GAAP EPS – diluted | 0.85 | 1.24 | 1.43 | 1.70 | 1.83 |
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Segment revenue (USD m; margins and growth in %, EPS per share; negatives in parentheses; - = zero; E = model forecast)| Line | FY2024 | FY2025 | FY2026E | FY2027E | FY2028E |
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| Reportable segments – revenue — CURRENT STRUCTURE (from the 10-K filed 2023-03-09; earlier periods as restated by the company) | | | | | |
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| Marketplace | 1,357 | 1,501 | 1,761 | 1,970 | 2,129 |
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| Finance | 431 | 434 | 433 | 452 | 466 |
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| Products / services / platforms – revenue — CURRENT STRUCTURE (from the 10-K filed 2026-02-18; earlier periods as restated by the company) | | | | | |
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| Auction and Related Fees | 735 | 834 | 994 | 1,128 | 1,232 |
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| Purchased vehicle sales | 327 | 410 | 482 | 530 | 565 |
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| Finance revenue | 431 | 434 | 433 | 452 | 466 |
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| SaaS and Other Revenue | 295 | 257 | 284 | 312 | 332 |
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| Geography – revenue | | | | | |
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| U.S. | 1,054 | 1,109 | 1,336 | 1,481 | 1,587 |
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| Foreign | 735 | 825 | 857 | 941 | 1,008 |
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Valuation| Line | Value |
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| Non-GAAP EPS, next four quarters (model) — the basis of consensus and the P/E | 1.65 |
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| Q3 FY26E | 0.38 |
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| Q4 FY26E | 0.31 |
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| Q1 FY27E | 0.51 |
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| Q2 FY27E | 0.46 |
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| Forward P/E (assumption) | 23.5x |
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| Target price | 38.88 |
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| Share price (close on 2026-10-19) | 36.99 |
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| Upside / (downside) to the target | 5.1% |
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| Consensus EPS, next four quarters | 1.57 |
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| Model non-GAAP EPS vs consensus | 5.2% |
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| GAAP EPS, next four quarters (model) — for reference | 1.47 |
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| Forward P/E today on consensus EPS | 23.5x |
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| Peer average forward P/E | 25.5x |
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| Target price at the peer average P/E | 42.11 |
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| Upside / (downside) at that P/E | 13.8% |
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