30.89
-0.09(-0.29%)
Currency In USD
Address
11299 North Illinois Street
Carmel, IN 46032
United States of America
Phone
800 923 3725
Sector
Consumer Cyclical
Industry
Auto - Dealerships
Employees
4080
First IPO Date
December 11, 2009
| Name | Title | Pay | Year Born |
| Peter J. Kelly | Chief Executive Officer & Director | 1.87M | 1969 |
| William C. Mitchell | Executive VP & President of AFC | 670,400 | 1983 |
| Charles S. Coleman | Executive VP, Chief Legal Officer & Secretary | 886,917 | 1972 |
| James Coyle | Executive VP & President of Marketplaces | 1.44M | 1981 |
| Bradley Herring | Executive VP & CFO | 0 | 1971 |
| Christopher Seitz | Senior Vice President | 0 | N/A |
| Dwayne Price | Chief Accounting Officer & Principal Accounting Officer | 0 | N/A |
| Tobin Richer | Executive Vice President of Marketing & Communications | 0 | 1974 |
| Itunu Orelaru | Head of Investor Relations | 0 | N/A |
| Stacey White | Senior Vice President of Enterprise Optimization | 0 | N/A |
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.