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KAROPENLANE, Inc.
$27.44$2.9B
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  3. Financial Ratios
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OPENLANE, Inc. (KAR) Quarterly Financial Ratios

Last 47 quarters of trend data · Consumer Cyclical · Auto - Dealerships

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

OPENLANE, Inc.'s quarterly P/E stands at 13.5x, down 20.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 61.6% YoY to 31.9x, reflecting multiple compression or accelerating EBITDA.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →16.7313.5428.7840.7526.7817.1035.17—84.31167.53342.20—313.76
—-20.9%-18.2%—-68.2%-89.8%-89.7%—-73.1%+567.6%-46.1%——
P/S Ratio1.511.631.561.361.121.081.031.011.101.370.981.000.89
—+51.4%+52.4%+34.0%+2.4%-21.3%+4.2%+1.5%+22.9%+7.4%+20.9%-12.9%-39.7%
P/B Ratio1.932.101.531.851.511.581.391.361.421.611.261.250.70
—+32.9%+10.3%+36.5%+6.2%-2.2%+10.4%+8.5%+102.0%+29.0%+50.5%+15.4%-51.4%
P/FCF8.667.2813.5311.414.6728.964.2618.695.4192.377.4113.244.47
—-74.9%+217.6%-38.9%-13.6%-68.6%-42.5%+41.2%+21.1%————
EV / EBITDA14.5531.9211.229.087.1783.085.2610.828.897.494.97—5.07
—-61.6%+113.5%-16.1%-19.4%+1009.6%+5.9%—+75.3%+48.7%-12.7%—-80.4%
EV / EBIT21.34—14.2411.679.41—6.6421.9214.9610.247.12—7.69
——+114.4%-46.8%-37.1%—-6.7%—+94.6%+73.3%-33.4%—-90.7%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

OPENLANE, Inc.'s operating margin was 2.4% in Q4 2025, down 14.7 pp QoQ and up 5.7 pp YoY. The trailing four-quarter average of 10.2% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 115.4% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin46.2%54.3%41.2%41.6%47.5%25.2%43.8%37.4%42.7%47.7%48.1%46.6%46.7%
—+115.4%-5.9%+11.2%+11.3%-47.1%-9.0%-19.7%-8.6%+4.0%+3.1%+3.9%+8.8%
Operating Margin10.2%2.4%17.2%9.8%11.2%-3.3%16.3%5.4%8.6%14.7%16.0%-46.7%15.5%
—+173.7%+5.1%+82.7%+31.3%-122.4%+2.2%+111.5%-44.9%-37.6%+25.6%-903.8%+319.3%
Net Margin9.2%12.0%9.6%6.9%8.0%10.6%6.3%2.4%4.3%3.7%3.1%-46.5%3.0%
—+13.2%+51.7%+187.6%+86.4%+190.9%+107.6%+105.2%+42.5%-63.3%+306.7%-185.0%+3818.6%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE12.3%3.3%2.8%2.4%2.7%3.9%2.1%0.8%1.4%1.1%1.0%-11.2%0.7%
—-15.1%+29.6%+197.6%+95.2%+260.6%+122.3%+107.2%+100.5%-55.3%+362.4%-183.5%+3608.1%
ROA3.8%1.2%1.0%0.7%0.8%1.1%0.6%0.2%0.4%0.3%0.3%-3.9%0.2%
—+10.3%+64.9%+211.9%+101.9%+273.9%+132.9%+105.9%+56.7%-57.5%+359.9%-227.7%+6443.6%
ROIC6.9%0.3%2.5%2.5%2.7%-0.8%3.5%1.1%1.7%2.7%3.3%-7.3%2.3%
—+133.8%-28.7%+128.8%+57.6%-129.7%+7.8%+115.2%-26.2%-21.4%+65.0%-1260.9%+648.2%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

OPENLANE, Inc.'s Debt/EBITDA ratio is 40.3x, up from 17.4x last quarter — elevated, raising questions about debt serviceability.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity0.930.930.930.040.210.210.250.250.290.320.240.350.24
—+339.4%+270.1%-84.2%-29.1%-34.6%+3.3%-26.9%+22.6%-14.8%-33.5%-45.4%-82.5%
Debt / EBITDA4.9440.3217.440.813.8241.603.427.036.365.173.40—5.76
—-3.1%+409.8%-88.5%-39.9%+705.0%+0.6%—+10.3%+0.6%-54.8%—-88.9%
Current Ratio1.161.161.161.161.121.111.081.081.151.151.171.171.15
—+4.1%+7.7%+7.5%-2.6%-3.1%-8.1%-7.6%-0.3%+0.3%+3.2%+3.5%-4.4%
Quick Ratio1.161.161.161.161.121.111.081.081.151.151.171.171.15
—+4.1%+7.7%+7.5%-2.6%-3.1%-8.1%-7.6%-0.3%+0.3%+3.2%+3.5%-4.4%
Interest Coverage1.790.442.9315.2912.93—2.070.640.931.461.69-5.011.71
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Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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KAR — Frequently Asked Questions

Quick answers to the most common questions about buying KAR stock.

What is OPENLANE, Inc.'s quarterly P/E ratio trend?

OPENLANE, Inc.'s current P/E is 16.7x. The average P/E over the last 4 quarters is 27.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do OPENLANE, Inc.'s margins change by quarter?

OPENLANE, Inc.'s current operating margin is 10.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at KAR quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking OPENLANE, Inc.'s business trajectory between earnings reports.