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.
CEO: Peter J. Kelly. Company website
OPENLANE, Inc. (KAR) trades at $27.44, up 3.98% on the day, as of Sep 20, 2026 15:00 UTC.
OPENLANE, Inc. has a market capitalisation of $2.92B, calculated from the live KAR share price and shares outstanding.
KAR trades at a trailing P/E of 24.28, from earnings per share of $1.13 over the last twelve months.
OPENLANE, Inc. generated revenue of $1.93B over the trailing twelve months, which puts the stock at 1.51 times sales.
KAR has traded between $24.32 and $31.78 over the past 52 weeks, and the last price is 13.7% below that high.
Yes. OPENLANE, Inc. keeps 9.19% of revenue as net income over the trailing twelve months.
Wall Street analysts rate KAR Buy, with an average price target of $32.00, 16.6% above the current price.
OPENLANE, Inc. is classified under the Consumer Cyclical sector and the Auto - Dealerships industry, and is domiciled in US .
Peter J. Kelly is the chief executive of OPENLANE, Inc., which employs 4,080 people.
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