公司业务概况 - 公司是一家领先的数字市场，专注于二手车交易，连接北美和欧洲的卖家和买家，便于快速、简单和透明的交易[233] - 公司业务分为两个报告业务部门：市场和金融[233] 财务表现 - 2023年12月31日，公司总收入为1645.1亿美元，比2022年同期增长8%[245] - 公司的服务收入为619.7亿美元，购买的车辆销售为236.7亿美元，金融相关收入为393.4亿美元[245] - 成本服务为867.6亿美元，毛利润为777.5亿美元[245] - 销售、一般和行政费用为430.4亿美元，折旧和摊销为101.5亿美元[245] 商誉和无形资产减值 - 公司在2023年第二季度进行了商誉和其他无形资产减值测试，发现美国经销商之间和欧洲报告单位的商誉价值低于账面价值，分别记录了2.189亿美元和0.64亿美元的商誉减值损失[249] - 公司继续监控事件或情况的变化，可能会导致未来需要对商誉进行重新评估，可能会对公司的合并营业利润和净收入产生重大的非现金影响[252] 贷款交易和金融部门 - 公司在2023年实现了1560万美元的贷款交易，每笔贷款交易收入为242美元，较2022年略有增长[272] - 2023年公司的金融部门总收入为3.934亿美元，较2022年的3.759亿美元增加了1750万美元，主要是由于贷款交易增加了4%[272] - 2023年公司金融部门的毛利润为3.275亿美元，占收入的83.2%，较2022年的3.128亿美元增加了1470万美元[275] 品牌市场调整和减值损失 - 公司在2023年第二季度宣布将ADESA品牌市场重新定位为OPENLANE品牌市场，导致ADESA商标的有限使用寿命和减值的重新评估，产生了2550万美元的非现金减值损失[253] 财务指标和流动性 - 公司的主要流动性指标包括手头现金、经营活动现金流、营运资本和可用于循环信贷设施的金额[300] - 公司在2023年12月31日持有的现金及现金等价物为93.5百万美元，2022年为225.7百万美元[300] - 公司的工作资本为363.1百万美元，2019年为379.2百万美元[300] - 循环信贷设施下的可用金额为133.3百万美元，2022年为161.0百万美元[300] OPENLANE, Inc.第四季度财务表现 - 2023年第四季度，OPENLANE, Inc.的总收入为3.913亿美元，比2022年同期的3.728亿美元增长了5%[278] - 2023年第四季度，OPENLANE, Inc.的毛利为1.865亿美元，比2022年同期的1.708亿美元增长了9%[278] - 2023年第四季度，OPENLANE, Inc.的净利润为1.43亿美元，比2022年同期的3.71亿美元下降了61%[278] 资本支出和股息 - 2023年和2022年的资本支出分别约为5,200万美元和6,090万美元[338] - 2024财年，公司预计持续经营相关的资本支出约为5,500万至6,000万美元[339] - 2023年，公司的A类优先股股东获得了总计44.4百万美元的现金股息，较2022年的总计22.2百万美元现金股息和约21.6百万美元的股息有所增加[340] 公司收购和风险管理 - 公司于2023年6月23日签署了信贷协议，提供3.25亿美元的循环信贷设施[304] - 公司最近使用利率互换协议来管理其对利率变动的敞口[369]

OPENLANE, Inc. (NYSE:KAR) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Michael Eliason - Treasurer and VP, IR Peter Kelly - CEO Brad Lakhia - EVP and CFO Conference Call Participants Craig Kennison - Baird Gary Prestopino - Barrington Research Lee Jagoda - CJS Securities Bret Jordan - Jefferies Rajat Gupta - JPMorgan Daniel Imbro - Stephens Operator Good day, and welcome to the OPENLANE Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note toda ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 20-8744739 (State or other jurisdiction of incorporation or organ ...

OPENLANE, Inc. (NYSE:KAR) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Mike Eliason - Treasurer and VP, IR Peter Kelly - CEO Brad Lakhia - EVP and CFO Conference Call Participants Rajat Gupta - JPMorgan John Murphy - Bank of America Bob Labick - CJS Securities Bret Jordan - Jefferies Daniel Imbro - Stephens Operator Good morning, and welcome to the OPENLANE Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] P ...

Second Quarter 2023 Earnings Slides // August 2, 2023 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current expectations, are not guarantees of future performance and are subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected, expressed or implied by such forward-loo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 OPENLANE, Inc. (Exact name of Registrant as specified in its charter) Delaware 20-8744739 (State or other jurisdiction of incorporation or organizati ...

KAR Auction Services, Inc. (NYSE:KAR) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Mike Eliason - Treasurer and Vice President, Investor Relations Peter Kelly - Chief Executive Officer Scott Anderson - Interim Chief Financial Officer Conference Call Participants Rajat Gupta - J.P. Morgan Craig Kennison - Baird Gary Prestopino - Barrington Research Pete Lucas - CJS Securities Bret Jordan - Jefferies Daniel Imbro - Stephens Inc. Operator Good morning, and welcome to the KAR Auc ...

First Quarter 2023 Earnings Slides May 2, 2023 Forward-Looking Statements This presentation includes forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations, are not guarantees of future performance and are subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected, expressed or implied by such forward-looking st ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 20-8744739 (State or other jurisdiction of incorporation ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34568 KAR Auction Services, Inc. (Exact name of Registrant as specified in its charter) Delaware 20-8744739 (State or other jurisdiction of incorporation or or ...