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Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, requires reporting of segment information that is consistent with the manner in which the chief operating decision maker ("CODM") operates and views the Company. OPENLANE's CODM is the Chief Executive Officer. Our operations are grouped into two operating segments: Marketplace and Finance, which also serve as our reportable business segments. These reportable business segments offer different services and have fundamental differences in their operations. This segment structure reflects the financial information used by our CODM to make decisions regarding the business, including resource allocations and performance assessments. The Company’s method for measuring profitability on a reportable segment basis is operating profit (loss). The CODM considers history-to-actual, budget-to-actual and forecast-to-actual results to assess the performance of the segments and in allocating resources.
Marketplace encompasses all wholesale marketplaces throughout North America and Europe. The Marketplace segment relates to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain.
The Finance segment (through AFC) is primarily engaged in the business of providing short-term, inventory-secured financing to independent vehicle dealers. AFC conducts business primarily at or near wholesale used vehicle auctions in the U.S. and Canada and other areas where there is a concentration of AFC customers.
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2026 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$421.5 $106.4 $527.9 
Operating expenses 
Cost of services (exclusive of depreciation and amortization)254.2 17.5 271.7 
Finance interest expense— 24.8 24.8 
Provision for credit losses0.6 9.7 10.3 
Selling, general and administrative110.1 14.3 124.4 
Depreciation and amortization19.7 3.2 22.9 
Total operating expenses454.1 
Operating profit
36.9 36.9 73.8 
Interest expense10.1 
Other income, net
(1.6)
Income before income taxes65.3 
Income taxes16.4 
Net income$48.9 
Total assets$2,107.4 $2,792.1 $4,899.5 
Capital expenditures$12.3 $0.8 $13.1 
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2025 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$351.2 $108.9 $460.1 
Operating expenses 
Cost of services (exclusive of depreciation and amortization)224.5 17.1 241.6 
Finance interest expense— 27.6 27.6 
Provision for credit losses0.3 9.0 9.3 
Selling, general and administrative94.7 12.5 107.2 
Depreciation and amortization19.7 3.0 22.7 
Total operating expenses408.4 
Operating profit12.0 39.7 51.7 
Interest expense4.0 
Other income, net
(5.0)
Income before income taxes52.7 
Income taxes15.8 
Net income$36.9 
Total assets$2,114.1 $2,692.3 $4,806.4 
Capital expenditures$10.9 $1.0 $11.9 
Geographic Information
Our foreign operations include Canada, Continental Europe and the U.K. Approximately 54% and 53% of our foreign operating revenues were from Canada for the three months ended March 31, 2026 and 2025, respectively. Most of the remaining foreign operating revenues were generated from Continental Europe. Long-lived assets are defined as long-term assets other than financial instruments and deferred tax assets. Information regarding the geographic areas of our operations is set forth below (in millions):
 Three Months Ended March 31,
 20262025
Operating revenues  
U.S. $317.5 $270.3 
Foreign210.4 189.8 
$527.9 $460.1 
March 31, 2026December 31, 2025
Long-lived assets
U.S.$927.4 $935.0 
Foreign726.9 735.9 
$1,654.3 $1,670.9