OPLN OPENLANE, Inc.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q1 2026: $0M, Q3 2025: $30M, Q2 2025: $0M, Q1 2025: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $10M (-99%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $30M / FCF $24M = 128% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 914,800 shares = 1.7% of 106,175,229 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $6M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 15716575.3x more than bought. 1 C-suite officers among sellers

• Coyle James P (EVP & President, Marketplace) sold 8,290 shares on 2026-05-06
• Coyle James P (EVP & President, Marketplace) sold 6,710 shares on 2026-05-06
• Coyle James P (EVP & President, Marketplace) sold 17,689 shares on 2026-02-20
• Coyle James P (EVP & President, Marketplace) sold 70,755 shares on 2026-02-20
• Coyle James P (EVP & President, Marketplace) sold 140,576 shares on 2025-08-07
• Coyle James P (EVP & President, Marketplace) sold 933 shares on 2025-08-07
• Coyle James P (EVP & President, Marketplace) sold 52,676 shares on 2025-08-07
• Coyle James P (EVP & President, Marketplace) sold 390 shares on 2025-08-07
• Coyle James P (EVP & President, Marketplace) sold 7,000 shares on 2025-05-09