Germany · Delayed Price · Currency is EUR OPENLANE Company Description
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.
| Country | United States |
| Founded | 2006 |
| Industry | Business Services, not elsewhere classified |
| Employees | 4,800 |
| CEO | Peter Kelly |
Contact Details
Address: 11299 North Illinois Street Carmel, Delaware 46032 United States | |
| Phone | 800 923 3725 |
| Website | corporate.openlane.com |
Stock Details
| Ticker Symbol | XKR |
| Exchange | Frankfurt Stock Exchange |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| SIC Code | 7389 |
Key Executives
| Name | Position |
|---|---|
| Peter Kelly | Chief Executive Officer |
| Bradley Herring | Chief Financial Officer |
| Itunu Orelaru | Head of Investor Relations |