OPENLANE, Inc.
KAR US
KAR USOPENLANE, Inc.
United States Composite17.42
Company Description
- CEO
- Mr. Peter J. Kelly
- Full Time Employees
- 3,825
- Sector
- Consumer Cyclical
- Industry
- Auto & Truck Dealerships
- Address
- 11299 North Illinois Street Carmel IN United States 46032
- Website
- corporate.openlane.com
- Business
- OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.
Company News
Earnings Preview: BorgWarner (BWA) Q1 Earnings Expected to Decline
Why OPENLANE (KAR) is Poised to Beat Earnings Estimates Again
Why OPENLANE (KAR) is Poised to Beat Earnings Estimates Again
OPENLANE (KAR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Are Auto-Tires-Trucks Stocks Lagging Geely Automobile (GELYY) This Year?
OPENLANE to Announce First Quarter 2024 Earnings
Play Likely Earnings Beat With 5 Top-Ranked Stocks
Is Geely Automobile (GELYY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
OPENLANE (KAR) Just Flashed Golden Cross Signal: Do You Buy?
KAR vs. MBLY: Which Stock Is the Better Value Option?
Are Auto-Tires-Trucks Stocks Lagging OPENLANE, Inc. (KAR) This Year?
Are Auto-Tires-Trucks Stocks Lagging OPENLANE, Inc. (KAR) This Year?
OPENLANE Announces Participation in Upcoming Investor Conference
All You Need to Know About OPENLANE (KAR) Rating Upgrade to Strong Buy
All You Need to Know About OPENLANE (KAR) Rating Upgrade to Strong Buy