OPENLANE, Inc. engages in providing sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. The company is headquartered in Carmel, Indiana and currently employs 4,800 full-time employees. The company went IPO on 2009-12-11. The firm offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. Its end-to-end platform supports the whole car, financing, logistics and other ancillary and related services. Its segments include Marketplace and Finance. Marketplace segment serves its customer base through digital marketplaces in the United States, Canada and Europe and vehicle logistics center locations across Canada. This segment includes private label remarketing solutions, which are offered to automobile manufacturers, captive finance companies and other commercial customers to offer vehicles digitally. Through Automotive Finance Corporation, the Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent vehicle dealers throughout the United States and Canada.
Follow-Up Questions
What is Openlane Inc (KAR)'s P/E Ratio?
The P/E ratio of Openlane Inc is 25.4103
Who is the CEO of Openlane Inc?
Mr. Peter Kelly is the Chief Executive Officer of Openlane Inc, joining the firm since 2011.
What is the price performance of KAR stock?
The current price of KAR is $26.59, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Openlane Inc?
Openlane Inc belongs to Commercial Services & Supplies industry and the sector is Industrials
What is Openlane Inc market cap?
Openlane Inc's current market cap is $2.8B
Is Openlane Inc a buy, sell, or hold?
According to wall street analysts, 8 analysts have made analyst ratings for Openlane Inc, including 4 strong buy, 3 buy, 5 hold, 0 sell, and 4 strong sell
