Description: 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.
Home Page: corporate.openlane.com
11299 North Illinois Street
Carmel,
IN
46032
United States
Phone:
800 923 3725
Officers
| Name | Title |
|---|---|
| Mr. Peter J. Kelly | CEO & Director |
| Mr. Brad S. Lakhia | Executive VP & CFO |
| Mr. Scott A. Anderson | Executive Officer |
| Mr. James P. Coyle | Executive VP & President of North American Marketplaces |
| Mr. Dwayne P. Price | Chief Accounting Officer & Principal Accounting Officer |
| Ms. Itunu Orelaru | Head of Investor Relations |
| Mr. Charles S. Coleman | Executive VP, Chief Legal Officer & Secretary |
| Mr. Tobin P. Richer | Executive Vice President of Marketing & Communications |
| Mr. Warren W. Byrd | Executive Vice President of Corporate Development & Real Estate |
| Patrick Ming | Executive Sales Director |
Exchange: F
Country: DE : Germany
Currency: Euro (€)
| GIC Sector: | Consumer Discretionary |
|---|---|
| GIC Group: | Consumer Discretionary Distribution & Retail |
| GIC Industry: | Specialty Retail |
| GIC Sub-Industry: | Automotive Retail |
| Forward PE: | 20.9644 |
|---|---|
| Trailing PE: | 111.7647 |
| Price-to-Book MRQ: | 1.6192 |
| Price-to-Sales TTM: | 1.2195 |
| IPO Date: | |
| Fiscal Year End: | December |
| Full Time Employees: | 3825 |