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OPENLANE Inc
Institutional Holdings
Market Status
Fundamentals
Market Cap 2745.82 M
PB Ratio 1.895
PE Ratio 29.6897
Enterprise Value 2654.64 M
Total Assets 4622.30 M
Volume 925317
Company Financials
Fund house & investment objective
Company Information 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.
Organisation Auto & Truck Dealerships
Employees 4080
Industry Auto & Truck Dealerships
CEO Mr. Peter J. Kelly
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