KAR
OPENLANE, Inc. · NYSE
- Sector Commercial Services
- Industry Miscellaneous Commercial Services
- Website corporate.openlane.com
- Employees(FY) 3960
- ISIN US48238T1097
Performance
-0.62%
1W
+2.5%
1M
+23.42%
3M
+22.31%
6M
+18.84%
YTD
+16.25%
1Y
Profile
OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include BacklotCars, a live auction format that allows dealers to sell and source inventory in a bidding environment in the United States; TradeRev, an online automotive remarketing platform in Canada, where dealers can sell and source used vehicle inventory at any time; ADESA U.K., an online wholesale used vehicle remarketing business in the United Kingdom; and ADESA Europe, an online wholesale vehicle marketplace in Continental Europe. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves vehicle manufacturers, vehicle rental companies, financial institutions, commercial fleets and fleet management companies, and franchised and independent used vehicle dealers. 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.
Investment Analysis Report: KAR
Overview
In this investment analysis report, we will delve into the financial statements of KAR, a company in the Commercial Services sector. We will analyze the Balance Sheets, Income Statements, and Cashflow Statements over the past three years to gain insights into the company's financial health, growth prospec...
Technical Analysis of KAR 2024-05-10
Overview:
In analyzing the technical indicators for KAR over the last 5 days, we will delve into the trend, momentum, volatility, and volume indicators to provide a comprehensive outlook on the possible stock price movement in the coming days. By examining these key indicators, we aim to offer valuable insights and predictions to guide investmen...
Recent News & Updates
- 2024-05-17 02:35
- 2024-05-09 16:15
- 2024-05-09 04:15
- 2024-05-04 08:41
- 2024-05-03 08:08
OPENLANE First Quarter 2024 Earnings: Misses Expectations(Simply Wall St.)
- 2024-05-02 10:57
- 2024-05-01 16:10
- 2024-05-01 08:54
- 2024-05-01 04:10
- 2024-04-26 07:00
Used-Car Sales Have Moved Online—Here’s Why Both Customers and Dealers Are Happy(The Wall Street Journal)
- 2024-04-24 12:10
- 2024-04-23 20:00
KAR: Raising target price to $18.00(Argus Research)
- 2024-04-16 16:15
OPENLANE to Announce First Quarter 2024 Earnings(PR Newswire)
- 2024-04-16 04:15
OPENLANE to Announce First Quarter 2024 Earnings(Prnewswire)
- 2024-03-20 08:29
- 2024-03-15 09:40
- 2024-03-14 16:15
- 2024-03-14 04:15
- 2024-03-06 12:00
- 2024-02-29 06:27
Daily – Vickers Top Buyers & Sellers for 02/29/2024(Argus Research)
- 2024-02-27 08:15
- 2024-02-26 19:15
- 2024-02-26 08:50
- 2024-02-21 09:53
- 2024-02-20 20:53
- 2024-02-20 16:38
- 2024-02-20 16:15
OPENLANE, Inc. Reports 2023 Financial Results(PR Newswire)
- 2024-02-20 03:15
OPENLANE, Inc. Reports 2023 Financial Results(Prnewswire)
- 2024-02-13 16:15
OPENLANE Promotes Will Mitchell to Lead AFC(PR Newswire)
- 2024-02-13 03:15
OPENLANE Promotes Will Mitchell to Lead AFC(Prnewswire)
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