OPENLANE, Inc.

KARNYSEConsumer Cyclical

$27.44

+$0.11(+0.40%)

Market Cap$2.9B

P/E Ratio—

52W High$31.16

52W Low$17.08

Avg Volume994K

Open$27.87

Beta1.25

Free Cash Flow Financials Revenue

OPENLANE, Inc. (KAR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KAR · free cash flow · updated Jun 8, 2026

Core FCF metrics

KAR · FCF · TTM · margin & CAGR

Free cash flow was $336.5M for FY2025 (fiscal year ending 2025-12-31), up 41.1% year-over-year The FCF margin was 17.4%. Five-year CAGR stands at +3.5%.

FY2025 Free Cash Flow$336.5M▲ +41.1% YoY

Trailing 12M (TTM)$372.3Mtrailing 4 quarters sum

FCF Margin17.4%$336.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+3.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KAR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$391.9M(55M)$336.5M▲ +41.1%17.4%

FY2024$291.4M(53M)$238.4M▲ +30.0%13.3%

FY2023$235.4M(52M)$183.4M▲ +134.8%11.2%

FY2022−$466.6M(61M)−$527.5M▼ 273.1%-34.5%

FY2021$413.2M(109M)$304.7M▲ +7.7%21.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KAR · P/FCF · FCF yield · FCF per share

OPENLANE, Inc. (KAR) trades at a FCF yield of 9.37% and a price-to-free-cash-flow ratio of 7.9x. FCF per share stands at $3.49, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.37%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.49

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x16.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KAR · cash flow statement · operating / investing / financing

For FY2025, OPENLANE, Inc. generated $391.9M in operating cash flow and spent 55M in capital expenditures, yielding $336.5M in free cash flow.

Operating Activities

+$391.9M

Cash from core business operations

2025-12-31

Investing Activities

−$56.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$0.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($391.9M) − |CapEx| (55M) = FCF ($336.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

KAR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

OPENLANE, Inc.YOU

KAR

$336.5M+41.1%17.4%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

OPENLANE, Inc. (KAR) reported free cash flow of $336.5M for FY2025 (fiscal year ending 2025-12-31), up 41.1% year-over-year. The FCF margin was 17.4%.

Based on available data, OPENLANE, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $551.8M in FY2018. The 5-year CAGR stands at +3.5%.

OPENLANE, Inc.'s FCF yield is 9.37% and price-to-FCF ratio is 7.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KAR free cash flow · 8 questions

OPENLANE, Inc. free cash flow was $336.5M for FY2025, up 41.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $372.3M.

KAR free cash flowKAR FCFKAR FCF 2025KAR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · OPENLANE, Inc. · OPENLANE, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026