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OPENLANE OPLN Finance — Provision for Credit Losses
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Where this comes from
Reported directly by OPENLANE in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.
The source filing: OPENLANE’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 10:59 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001395942-26-000019
FAQ
- What is OPENLANE's finance — provision for credit losses?
- OPENLANE (OPLN) reported finance — provision for credit losses of $9.7M in Q1 2026.
- How has OPENLANE's finance — provision for credit losses changed year-over-year?
- OPENLANE's finance — provision for credit losses increased by 7.8% year-over-year, from $9M to $9.7M.
- What is the long-term trend for OPENLANE's finance — provision for credit losses?
- Over 3 years (2022 to 2025), OPENLANE's finance — provision for credit losses has grown at a 56.1% compound annual growth rate (CAGR), from $9.8M to $37.3M.
- What does finance — provision for credit losses mean?
- The periodic expense recognized in the income statement to adjust the allowance for credit losses based on expected default rates. It serves as a key indicator of the credit quality of the underlying loan book and the impact of economic conditions on borrower repayment.
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