Stock KAR OPENLANE, INC.
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Company OPENLANE, Inc.

Equities

KAR

US48238T1097

Auto Vehicles, Parts & Service Retailers

Real-time Estimate Cboe BZX
Other stock markets
 12:08:24 2024-04-25 pm EDT 		5-day change 1st Jan Change
17.42 USD -0.43% Intraday chart for OPENLANE, Inc. +1.81% +17.42%
Apr. 11 North American Morning Briefing : Stock Futures -2- DJ
Apr. 10 BofA Securities Upgrades Openlane to Neutral From Underperform, Raises Price Target to $20 From $16 MT

Business Summary

OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Company’s segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.

Number of employees: 4,163

Sales per Business

USD in Million2022Weight2023Weight Delta
Marketplace
76.1 %
1,144 75.3 % 1,252 76.1 % +9.46%
Finance
23.9 %
376 24.7 % 393 23.9 % +4.66%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
62.4 %
993 65.3 % 1,026 62.4 % +3.34%
Foreign
37.6 %
527 34.7 % 619 37.6 % +17.57%

Managers

Managers TitleAgeSince
Peter Kelly CEO
 Chief Executive Officer 55 10-12-31
Brad S. Lakhia DFI
 Director of Finance/CFO 50 23-04-16
Sriram Subrahmanyam COO
 Chief Operating Officer 54 22-04-30
James Hallett BRD
 Director/Board Member 71 07-03-31
Tobin Richer IRO
 Public Communications Contact 50 -
Michael Eliason IRC
 Investor Relations Contact - -
Keith Crerar PRN
 Corporate Officer/Principal - -
James P. Coyle PRN
 Corporate Officer/Principal - 21-10-25
Charles Coleman LAW
 General Counsel 52 -
Lisa A. Price HRO
 Human Resources Officer 49 06-12-31

Members of the board

Members of the board TitleAgeSince
Sanjeev Kishen Mehra BRD
 Director/Board Member 65 07-03-31
Mark E. Hill BRD
 Director/Board Member 68 14-05-31
James Hallett BRD
 Director/Board Member 71 07-03-31
J. Mark Howell BRD
 Director/Board Member 59 14-12-30
Michael T. Kestner CHM
 Chairman 70 13-12-15
Stefan Jacoby BRD
 Director/Board Member 66 19-06-03
Roy MacKenzie BRD
 Director/Board Member 52 20-06-09
Peter Kelly CEO
 Chief Executive Officer 55 10-12-31
Carmel Galvin BRD
 Director/Board Member 55 20-01-31
Mary Smith BRD
 Director/Board Member 64 19-10-15

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 108,045,559 105,640,435 ( 97.77 %) 0 97.77 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.55 %
16,805,461 15.55 % 291 M $
Vanguard Fiduciary Trust Co.
11.35 %
12,264,053 11.35 % 212 M $
Burgundy Asset Management Ltd.
8.044 %
8,690,866 8.044 % 150 M $
Dimensional Fund Advisors LP
6.534 %
7,059,333 6.534 % 122 M $
STATE STREET CORPORATION
3.903 %
4,216,588 3.903 % 73 M $
Harris Associates LP
3.825 %
4,132,446 3.825 % 71 M $
Hawk Ridge Capital Management LP
3.610 %
3,900,178 3.610 % 67 M $
Snyder Capital Management LP
3.564 %
3,851,107 3.564 % 67 M $
Cardinal Capital Management LLC
3.389 %
3,661,629 3.389 % 63 M $
LB Hercules Holdings LLC
3.014 %
3,255,988 3.014 % 56 M $
NameEquities%Valuation
Apax Partners LLP
90.91 %
576,645 90.91 % 10 M $
Periphas Capital LP
9.090 %
57,660 9.090 % 997 518 $

Company contact information

OPENLANE, Inc.

11299 North Illinois Street

46032-8887, Carmel

+800 923 3725

http://www.karglobal.com
address OPENLANE, Inc.(KAR)

Sector

Consumer Cyclicals
Retailers
Other Specialty Retailers
Auto Vehicles, Parts & Service Retailers
Used Car Dealers

Sales per Business

Sales per region

Ratings for OPENLANE, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
17.5 USD
Average target price
19.17 USD
Spread / Average Target
+9.52%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Used Car Dealers

1st Jan change Capi.
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Used Car Dealers
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