Q1 2025 Openlane Inc Earnings Call Transcript

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May 08, 2025

May 07, 2025 / 09:00PM GMT
Operator

Good day, and welcome to the OpenLanes first-quarter 2025 earnings call. (Operator Instructions) Please note that this event is being recorded.

I would now like to turn the conference over to Jared Harnish. Please go ahead.

Jared Harnish - Openlane Inc - Head of Financial Planning and Analysis

Thank you, operator. Good afternoon, everyone. Welcome to OpenLaneâs first quarter 2025 earnings call. With me today are Peter Kelly, CEO of OpenLane; and Ryan Miller, OpenLaneâs Vice President of Finance for the Marketplace business. Our remarks today include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Such forward looking statements involve risks and other uncertainties that may cause actual results or performance to differ materially from such statements. Factors that could cause such differences include those discussed in our press release issued today and in our SEC filings. Certain non-GAAP financial measures as defined under the SEC rules will be discussed on this call. Reconciliations of

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