OPENLANE INC (KAR)

Company Profile

OPENLANE, Inc. engages in the provision of used car auction services and salvage auction services in North America and the United Kingdom. The company is headquartered in Carmel, Indiana and currently employs 4,500 full-time employees. The company went IPO on 2009-12-11. The firm'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 and vehicle logistics center locations across Canada. The company also provides value-added ancillary services. Its digital marketplaces also include BacklotCars, an app and web-based dealer-to-dealer wholesale vehicle platform utilized in the United States, OPENLANE Canada, an online automotive remarketing platform in Canada where dealers can sell and source used vehicle inventory at any time, and ADESA U.K. and ADESA Europe, serving customers in the United Kingdom and Continental Europe through a consolidated online wholesale vehicle platform.

Company Info

OPENLANE INC

11299 N. Illinois Street

Carmel INDIANA 46032

P: 18009233725

CEO: James P. Hallett

Employees: 4500

Website: https://www.openlane.com/