OPENLANE, Inc. (KAR) is a publicly traded company in the Consumer Cyclical sector, operating within the Auto - Dealerships industry. The company is headquartered in Carmel, IN, United States. The current CEO is Peter J. Kelly.
KAR has IPO date of 2009-12-11, 4,080 full-time employees, listed on the NYSE, a market capitalization of $2.92B.
OPENLANE, Inc. operates as a digital marketplace platform connecting buyers and sellers of used vehicles across the United States, Canada, Continental Europe, and the United Kingdom. Through its Marketplace segment, the company provides digital marketplace services and value-added ancillary services including transportation logistics, vehicle reconditioning, inspection, certification, and administrative support to commercial fleet operators, financial institutions, rental car companies, and vehicle dealers. The Finance segment offers floorplan financing solutions to independent vehicle dealers. Headquartered in Carmel, Indiana, OPENLANE was formerly known as KAR Auction Services, Inc. prior to its rebranding in May 2023.
