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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, requires reporting of segment information that is consistent with the manner in which the chief operating decision maker ("CODM") operates and views the Company. OPENLANE's CODM is the Chief Executive Officer. Our operations are grouped into two operating segments: Marketplace and Finance, which also serve as our reportable business segments. These reportable business segments offer different services and have fundamental differences in their operations. This segment structure reflects the financial information used by our CODM to make decisions regarding the business, including resource allocations and performance assessments. The Company’s method for measuring profitability on a reportable segment basis is operating profit (loss). The CODM considers history-to-actual, budget-to-actual and forecast-to-actual results to assess the performance of the segments and in allocating resources.
Marketplace encompasses all wholesale marketplaces throughout North America and Europe. The Marketplace segment relates to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain.
The Finance segment (through AFC) is primarily engaged in the business of providing short-term, inventory-secured financing to independent vehicle dealers. AFC conducts business primarily at or near wholesale used vehicle auctions in the U.S. and Canada and other areas where there is a concentration of AFC customers. As discussed in Note 1, beginning in the fourth quarter of 2024, finance interest expense and finance provision for credit losses are now shown as separate line items within operating expenses (in the Finance Segment). Segment results for prior periods have been reclassified to conform to the new presentation.
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2025 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$351.2 $108.9 $460.1 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)224.5 17.1 241.6 
Finance interest expense— 27.6 27.6 
Provision for credit losses0.3 9.0 9.3 
Selling, general and administrative94.7 12.5 107.2 
Depreciation and amortization19.7 3.0 22.7 
Total operating expenses408.4 
Operating profit
12.0 39.7 51.7 
Interest expense4.0 
Other (income) expense, net(5.0)
Income from continuing operations before income taxes
52.7 
Income taxes15.8 
Income from continuing operations
$36.9 
Total assets$2,114.1 $2,692.3 $4,806.4 
Capital expenditures$10.9 $1.0 $11.9 
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2024 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$318.3 $111.6 $429.9 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)197.1 16.8 213.9 
Finance interest expense— 32.6 32.6 
Provision for credit losses2.2 13.6 15.8 
Selling, general and administrative92.6 13.9 106.5 
Depreciation and amortization21.6 2.7 24.3 
Total operating expenses393.1 
Operating profit4.8 32.0 36.8 
Interest expense7.1 
Other expense (income), net0.5 
Income from continuing operations before income taxes29.2 
Income taxes10.7 
Income from continuing operations$18.5 
Total assets$2,159.3 $2,659.1 $4,818.4 
Capital expenditures$11.6 $1.3 $12.9 
Geographic Information
Our foreign operations include Canada, Continental Europe and the U.K. Approximately 53% and 54% of our foreign operating revenues were from Canada for the three months ended March 31, 2025 and 2024, respectively. Most of the remaining foreign operating revenues were generated from Continental Europe. Information regarding the geographic areas of our operations is set forth below (in millions):
 Three Months Ended 
 March 31,
 20252024
Operating revenues  
U.S. $270.3 $272.1 
Foreign189.8 157.8 
$460.1 $429.9 
March 31,
2025		December 31, 2024
Long-lived assets
U.S.$993.8 $1,006.1 
Foreign767.0 764.8 
$1,760.8 $1,770.9