OPENLANE, Inc.
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Peter J. Kelly
- Full Time Employees
- 4,800
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 11299 North Illinois Street Carmel IN United States of America 46032
- IPO Date
- Dec 11, 2009
- CIK
- 0001395942
- Website
- corporate.openlane.com
- Similar Companies
- Business
- Openlane, Inc. operates as a digital marketplace and finance platform for used vehicles, connecting sellers and buyers across North America and Europe. The company provides online vehicle remarketing and wholesale transaction services through its two main segments, Marketplace and Finance, delivering auction management, procurement, and logistics support, alongside inventory financing and related services. Headquartered in Carmel, Indiana, Openlane serves dealers and fleets through a global network, including operations in the United States, Canada, Europe, and the United Kingdom. Founded in 1999, the company focuses on facilitating vehicle sourcing, inspection, reconditioning, transportation, titling, and collateral services, complemented by financing options to independent and franchised dealers. Core product and service offerings include online wholesale vehicle auctions; digital marketplace for dealer-to-dealer inventory trading; value-added services such as transportation logistics, reconditioning, inspection and certification, titling, administrative support, and collateral recovery; and inventory-financing solutions provided through its affiliated finance operations. Recent major changes include strategic partnerships, expansions of cross-border activity within North America and Europe, launches of additional private-label programs and new vehicle procurement channels, and ongoing enhancements to its digital platforms to streamline remarketing, logistics, and financing workflows for dealer customers. Openlane continues to pursue geographic expansion and product diversification to strengthen its position in the vehicle remarketing ecosystem, leveraging integrated marketplaces to reduce risk, improve transparency, and accelerate transaction cycles for clients. The company’s business lines span automotive remarketing, logistics and make-ready services, financing, repossessions, warranty and post-sale support, with customer segments comprising independent and franchised dealers, rental and fleet operators, and financial institutions seeking inventory-backed financing. [opln:latest][opln:company_profile]
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