Auto industry
OPENLANE volumes jump in Q3
Wholesale marketplace OPENLANE grew third-quarter revenue 13% to $561 million on gross merchandise value of about $10.0 billion (up 38%), with U.S. dealer units up 22% and commercial units up 46%. It narrowed its 2026 adjusted EBITDA outlook to $390 million to $400 million and raised its buyback authorization by $150 million to $400 million, per its SEC 8-K filed Nov. 4. More wholesale activity gives dealers more transactions to watch when sourcing and disposing of used inventory.
Sources: Link
The other stories from Wednesday, November 4, 2026.
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