OPENLANE, Inc. (OPLN)

NYSE · Common Stock · Retail-Auto Dealers & Gasoline Stations

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

37 entities across 15 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-18 — see the exhibit.

Which other public companies file entities in the same places:

Indiana9 Delaware9 Belgium3 California2 Germany2 United Kingdom2 Florida2 Virginia1 Georgia1 Arizona1 France1 Italy1

Subsidiaries of OPENLANE, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
ADESA Corporation, LLC	Indiana
ADESA Dealer Services, LLC	Indiana
ADESA Mexico, LLC	Indiana
ADESA, Inc.	Delaware
AFC CAL, LLC	California
AFC Funding Corporation	Indiana
Auction Frontier, LLC	California
AuctionTrac, LLC	Indiana
Automotive Finance Consumer Division, LLC	Indiana
Automotive Finance Corporation	Indiana
Autoniq, LLC	Virginia
AutoVIN, Inc.	Indiana
BacklotCars, Inc.	Delaware
BLC UY Quota Holdings, LLC	Delaware
Car Quality Services GmbH	Germany
CarCo Technologies, LLC	Delaware
CarsArrive Network, Inc.	Georgia
CARWAVE, LLC	Delaware
Clearplan, LLC	Delaware
KAR Auction Services International Limited	United Kingdom
LaneLink, LLC	Arizona
MobileTrac LLC	Delaware
Nth Gen Software (Florida) LLC	Florida
OPENLANE Belgium NV	Belgium
OPENLANE Deutschland GmbH	Germany
OPENLANE Europe Holding NV	Belgium
OPENLANE Europe NV	Belgium
OPENLANE France SAS	France
OPENLANE Italia S.R.L.	Italy
OPENLANE Nederland B.V.	The Netherlands
OPENLANE Philippines, Inc.	Philippines
OPENLANE Remarketing Limited	United Kingdom
OPENLANE Subastas España, S.L.	Spain
OPENLANE US, Inc.	Delaware
PAR, Inc.	Indiana
Recovery Database Network, Inc.	Delaware
TradeRev USA LLC	Florida

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 3.8%
PASSOperating cash flow positiveOCF 392M
PASSReturn on assets improving2.4% → 3.8%
PASSCash flow exceeds earningsOCF 392M vs NI 178M
FAILLong-term debt ratio falling0.0% → 11.2% of assets
PASSCurrent ratio improving1.11 → 1.16
PASSNo share dilution109M → 107M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.39× → 0.41×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$2.2B	$500,000	$283.0M	—	129,300,000
FY2021	$2.3B	$66.5M	$304.7M	—	123,600,000
FY2022	$1.5B	$241.2M	−$56.8M	—	116,300,000
FY2023	$1.7B	−$154.1M	$185.0M	—	109,100,000
FY2024	$1.8B	$109.9M	$239.8M	—	109,200,000
FY2025	$1.9B	$177.7M	$336.5M	—	106,900,000

Ownership flow

12 institutions tracked — 9 added, 2 reduced, 1 opened a new position.

Institutional holders of OPENLANE, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
JPMORGAN CHASE & CO	Active fund	1,252,540	+927,585	$52.2M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	1,024,960	+904,116	$42.3M
BlackRock, Inc.	Index	16,005,588	+523,290	$660.1M
FMR LLC	Active fund	1,839,340	+224,803	$75.9M
BANK OF AMERICA CORP /DE/	Active fund	565,379	+223,436	$23.3M
STATE STREET CORP	Index	4,251,435	+173,837	$175.3M
MORGAN STANLEY	Active fund	1,718,880	−158,239	$70.9M
GEODE CAPITAL MANAGEMENT, LLC	Index	2,711,088	+134,621	$111.8M
CITADEL ADVISORS LLC	Hedge fund	131,925	+102,543	$5.4M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	38,400	−58,600	$1.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	217,480	+15,439	$9.0M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $25.7M
2025Q1: $100,000
2024Q1: $0
2022Q1: $0
2021Q1: $80.8M
2020Q1: $0

Identity

CIK: 0001395942
LEI: 5493004HKD20LBSG7D03
FIGI: BBG000VZHLL9
SIC: 5500 · Retail-Auto Dealers & Gasoline Stations
Incorporated: DE
Headquarters: CARMEL, IN

Ownership

Institutional: 89.3%
Institutions: 473
Insiders: 7.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other retail-auto dealers & gasoline stations companies

OPENLANE, Inc. files under SIC 5500 — all 7 retail-auto dealers & gasoline stations companies compared on assets and F-score.

LITHIA MOTORS INCLAD PENSKE AUTOMOTIVE GROUP, INC.PAG AUTONATION, INC.AN SONIC AUTOMOTIVE INCSAH Camping World Holdings, Inc.CWH RUSH ENTERPRISES INC \TX\RUSHA

Questions about OPENLANE, Inc.

How many subsidiaries does OPENLANE, Inc. file with the SEC?: 37, listed in its most recent exhibit 21. They are incorporated across 15 jurisdictions, led by Indiana, Delaware, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is OPENLANE, Inc. financially healthy?: OPENLANE, Inc. scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of OPENLANE, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

37 entities across 15 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-18 — see the exhibit.

Entity

Jurisdiction

Note

ADESA Corporation, LLC

Indiana

ADESA Dealer Services, LLC

Indiana

ADESA Mexico, LLC

Indiana

ADESA, Inc.

Delaware

AFC CAL, LLC

California

AFC Funding Corporation

Indiana

Auction Frontier, LLC

California

AuctionTrac, LLC

Indiana

Automotive Finance Consumer Division, LLC

Indiana

Automotive Finance Corporation

Indiana

Autoniq, LLC

Virginia

AutoVIN, Inc.

Indiana

BacklotCars, Inc.

Delaware

BLC UY Quota Holdings, LLC

Delaware

Car Quality Services GmbH

Germany

CarCo Technologies, LLC

Delaware

CarsArrive Network, Inc.

Georgia

CARWAVE, LLC

Delaware

Clearplan, LLC

Delaware

KAR Auction Services International Limited

United Kingdom

LaneLink, LLC

Arizona

MobileTrac LLC

Delaware

Nth Gen Software (Florida) LLC

Florida

OPENLANE Belgium NV

Belgium

OPENLANE Deutschland GmbH

Germany

OPENLANE Europe Holding NV

Belgium

OPENLANE Europe NV

Belgium

OPENLANE France SAS

France

OPENLANE Italia S.R.L.

Italy

OPENLANE Nederland B.V.

The Netherlands

OPENLANE Philippines, Inc.

Philippines

OPENLANE Remarketing Limited

United Kingdom

OPENLANE Subastas España, S.L.

Spain

OPENLANE US, Inc.

Delaware

PAR, Inc.

Indiana

Recovery Database Network, Inc.

Delaware

TradeRev USA LLC

Florida

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 3.8%
PASSOperating cash flow positiveOCF 392M
PASSReturn on assets improving2.4% → 3.8%
PASSCash flow exceeds earningsOCF 392M vs NI 178M
FAILLong-term debt ratio falling0.0% → 11.2% of assets
PASSCurrent ratio improving1.11 → 1.16
PASSNo share dilution109M → 107M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.39× → 0.41×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$2.2B

$500,000

$283.0M

—

129,300,000

FY2021

$2.3B

$66.5M

$304.7M

—

123,600,000

FY2022

$1.5B

$241.2M

−$56.8M

—

116,300,000

FY2023

$1.7B

−$154.1M

$185.0M

—

109,100,000

FY2024

$1.8B

$109.9M

$239.8M

—

109,200,000

FY2025

$1.9B

$177.7M

$336.5M

—

106,900,000

Ownership flow

12 institutions tracked — 9 added, 2 reduced, 1 opened a new position.

Institutional holders of OPENLANE, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
JPMORGAN CHASE & CO	Active fund	1,252,540	+927,585	$52.2M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	1,024,960	+904,116	$42.3M
BlackRock, Inc.	Index	16,005,588	+523,290	$660.1M
FMR LLC	Active fund	1,839,340	+224,803	$75.9M
BANK OF AMERICA CORP /DE/	Active fund	565,379	+223,436	$23.3M
STATE STREET CORP	Index	4,251,435	+173,837	$175.3M
MORGAN STANLEY	Active fund	1,718,880	−158,239	$70.9M
GEODE CAPITAL MANAGEMENT, LLC	Index	2,711,088	+134,621	$111.8M
CITADEL ADVISORS LLC	Hedge fund	131,925	+102,543	$5.4M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	38,400	−58,600	$1.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	217,480	+15,439	$9.0M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about OPENLANE, Inc.

How many subsidiaries does OPENLANE, Inc. file with the SEC?

37, listed in its most recent exhibit 21. They are incorporated across 15 jurisdictions, led by Indiana, Delaware, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is OPENLANE, Inc. financially healthy?

OPENLANE, Inc. scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of OPENLANE, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.