Craft

OPENLANE

Stock Price

$16.3

2024-10-29

Market Capitalization

$1.8 B

2024-10-29

Revenue

$1.6 B

FY, 2023

OPENLANE Summary

Company Summary

Overview
OPENLANE (formerly known as KAR Global) is a company providing vehicle auction and related vehicle remarketing services through offline, online, digital, and mobile auction marketplaces. It offers vehicle auction, financing, remarketing, portfolio management, platform, and service solutions via multiple brands, such as ADESA, AutoVIN, DRIVIN, AFC, STRATIM, TradeRev, etc. The company serves automotive manufacturers, financial institutions, insurance companies, and dealer groups.
Type
Public
Status
Active
Founded
2006
HQ
Carmel, IN, US | view all locations
Website
https://corporate.openlane.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • James Hallett

    James Hallett, Executive Chairman and Chairman of the Board

    • Peter Kelly

      Peter Kelly, Chief Executive Officer and President

    • Chuck Coleman

      Chuck Coleman, Executive Vice President, General Counsel and Secretary

    • James Coyle

      James Coyle, Chief Digital Officer

      Operating MetricsView all

      Vehicles Sold (ADESA)

      3.8M
      9.0%

      FY, 2019

      Transactions

      1.8M
      1.3%

      FY, 2019

      Auction Sites

      179
      2.3%

      Q1, 2019

      LocationsView all

      24 locations detected

      • Carmel, INĀ HQ

        United States

        11299 N Illinois St

      • New York, NY

        United States

      • MN

        United States

      • PA

        United States

      • CA

        United States

      • MT

        United States

      and 18 others

      OPENLANE Financials

      Summary Financials

      Revenue (Q3, 2024)
      $448.4M
      Net income (Q3, 2024)
      $28.4M
      Cash (Q3, 2024)
      $132.1M
      EBIT (Q3, 2024)
      $73.2M
      Enterprise value
      $1.9B

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