OPENLANE, Inc. (OPLN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Open Lane, Inc. First Quarter 2026 Earnings Call. All participants will be in a listen-only mode. Should you need assistance, please signal an operator by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your touchtone phone. To withdraw your question, please press star and then two. Please note that this event is being recorded. I would now like to turn the conference over to Bill Wright. Please go ahead, sir. Thank you, Operator. Good morning, everyone. Welcome to OpenLane's first quarter 2026 earnings call. With me today are Peter Kelly, CEO of OpenLane, and Brad Herring, EVP and CFO of OpenLane. Our remarks today include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that may cause our actual results or performance to differ materially from such statements. Factors that may cause such differences include those discussed in our press release issued today and in our SEC filings. Certain non-GAAP financial measures, as defined under SEC rules, will be discussed on this call. reconciliations of GAAP to non-GAAP measures are provided in our earnings materials and available in the investor relations section of our website. Please note that all financial and operational metrics presented during this call are on a year-over-year basis unless otherwise specifically noted. With that, I'll turn the call over to Peter. Thank you, Bill, and thank you, everyone, for joining the call today. I'm very pleased to report on OpenLane's strong first quarter results and to provide you with an update on our strategy an...