OPLN
Auto & Truck Dealerships · Consumer Cyclical
CFO
2025-05-27–present
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Get OPLN alertsBrad Herring is recorded as CFO at OPENLANE, Inc. (OPLN) since May 27, 2025. OPENLANE, Inc. reported in an 8-K filed April 22, 2025 that Brad Herring was appointed EVP and Chief Financial Officer, effective May 27, 2025. Brad Herring has spoken on 3 earnings calls and 4 other investor events across 1 company, most recently for OPENLANE, Inc. on November 4, 2026. OPENLANE, Inc. is classified in the Auto & Truck Dealerships industry within the Consumer Cyclical sector. Other leadership on record at OPENLANE, Inc. includes Peter J. Kelly (CEO and Board Member), Peter Kelly (CEO and Board Member), Michael T. Kestner (Chairman and Board Member) and 7 others.
“OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the company has named Brad Herring as EVP and Chief Financial Officer effective May 27, 2025.”
“And as we've done before, I'll start with the consolidated results and get into more detail within our operating segments. For the quarter, we reported total revenues of $561 million, representing growth of 13%.”
“For the quarter, we reported total revenues of $555 million, representing growth of 15%. Revenue growth was primarily driven by growth in our marketplace segment, which I'll cover Consolidated adjusted EBITDA for the quarter was $103 million, which represents an increase of 19%.”
“I would add, it's one of the things we try to make sure, you know, investors understand is, you know, we're still able to grow pretty sizably in a flat market because of what you just mentioned a minute ago, John, this kind of ongoing shift toward digital, right?”
“On behalf of our management team and all of our employees, we are very proud to report a record quarter for OpenLane. For the quarter, we transacted more GMV, sold more vehicles, generated more revenue, and produced more adjusted EBITDA than any quarter in our company's history as a digital marketplace.”
“On behalf of our management team and all of our employees, we are very proud to report a record quarter for OpenLane. For the quarter, we transacted more GMV, sold more vehicles, generated more revenue, and produced more adjusted EBITDA than any quarter in our company's history as a digital marketplace.”
2025-05-27–present
OPLN
Auto & Truck Dealerships · Consumer Cyclical
CFO
2025-05-27–present