OPENLANE Inc. (OPLN) saw its stock price soar 5.18% during Tuesday's intraday trading session following the release of its first-quarter 2026 financial results.

The company reported robust performance with revenue rising 15% year-over-year to $528 million and net income increasing 33% to $49 million. Earnings per share of $0.35 exceeded analyst estimates, while revenue also came in above expectations. The strong results were driven by significant growth in the Marketplace business, where vehicles sold increased 19%, including commercial vehicles sold up 25% and dealer vehicles sold up 13% year-over-year.

Adding to investor optimism, OPENLANE raised its full-year 2026 guidance, increasing net income projections to $147-$164 million from $130-$147 million and adjusting its operating adjusted EPS outlook to $1.28-$1.42 from $1.24-$1.38. The company's management highlighted strong execution and market share gains as key drivers behind the positive performance.