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Openlane Inc (KAR)

NYSE

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28.30 +0.32 +1.14%

11/08 - Closed. Currency in USD

After Hours

28.85

+0.55

+1.94%

22:43:38 - Real-time Data

Type: Equity

Market: United States

Volume: 833,252
Bid/Ask: 0.00 / 0.00
Day's Range: 27.84 - 28.30

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Openlane Inc Company Profile

Get an in-depth profile of Openlane Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information.

IndustrySpecialty Retailers

SectorConsumer Cyclicals

Employees

4440

Equity Type

ORD

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in the United States, Canada, Continental Europe and the United Kingdom. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles; and value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. Its digital marketplaces include OPENLANE platform, a mobile app enabled solutions that allows dealers to sell and source inventory. This segment sells its products and services through commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealers, and vehicle manufacturers. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent vehicle dealers. It serves commercial customers, and franchise and independent 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.

Contact Information

Address 11299 North Illinois Street Suite 500
Carmel, 46032
United States

Phone 800 923 3725

Fax -

Web corporate.openlane.com

Top Executives

Name	Age	Since	Title
Sanjeev Kishen Mehra	66	2021	Independent Director
Michael T. Kestner	71	2013	Independent Chairman
Carmel M. Galvin	55	2020	Independent Director
Stefan Jacoby	67	2019	Independent Director
Peter J. Kelly	56	2011	CEO & Director
Roy Mackenzie	54	2020	Independent Director
J. Mark Howell	60	2014	Independent Director
Mary Ellen Smith	64	2019	Independent Director
Randolph Brody Altschuler	54	2024	Independent Director

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