XNYS
OPLN
Market cap3.78bUSD
Nov 13, Last price
35.12USD
1D
-0.86%
1Q
-2.14%
Jan 2017
115.35%
IPO
664.86%
Name
Openlane Inc
Chart & performance
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Profile
OPENLANE, Inc., including its various subsidiaries, functions as a leading digital platform designed for the transaction of pre-owned vehicles, connecting buyers and sellers across major markets in the United States, Canada, Continental Europe, and the United Kingdom. The company's operations are distinctly divided into two primary segments: Marketplace and Finance. The Marketplace segment offers comprehensive digital services for both acquiring and divesting used vehicles. This is augmented by an array of value-added ancillary services, such as inbound and outbound transportation logistics, vehicle reconditioning, detailed inspection and certification, titling assistance, administrative support, and collateral recovery. A key component of this segment is the OPENLANE platform, a mobile application-enabled solution that empowers dealerships to effectively source and sell their inventory. The clientele for this segment is diverse, including commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealerships, and vehicle manufacturers. Conversely, the Finance segment specializes in providing floorplan financing. This entails offering short-term, inventory-secured capital specifically to independent vehicle dealers. Established in 2006 and headquartered in Carmel, Indiana, the company underwent a name change in May 2023, transitioning from its former identity as KAR Auction Services, Inc. to OPENLANE, Inc.
Key people
Bradley Herring
Chief Financial Officer, Executive Vice President · since 2025
William Mitchell
President of AFC · since 2024
Lisa Price
Executive Vice President, Chief People Officer · since 2020
James Coyle
Executive Vice President, President - North American Marketplaces · since 2023
Dwayne Price
Chief Accounting Officer · since 2024
Tobin Richer
Executive Vice President - Marketing and Communications · since 2024
Charles Coleman
Executive Vice President, Chief Legal Officer, Secretary · since 2020
Director · since 2024
Peter Kelly
Chief Executive Officer, Director · since 2021
Independent Director · since 2020
J. Mark Howell
Independent Director · since 2014
Stefan Jacoby
Independent Director · since 2019
Michael Kestner
Independent Non-Executive Chairman of the Board · since 2023
Independent Director · since 2020
Mary Smith
Independent Director · since 2019
Legal address
C/O CORPORATION SERVICE COMPANY
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
Headquarters
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
US
WILMINGTON, DE 19808
US
Trading name
KAR AUCTION SERVICES, INC.
Previous name
KAR Holdings, Inc.
Valuation
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