34.90
+1.60%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Openlane
From its filings with the US Securities and Exchange Commission
Openlane is based in Carmel, Indiana and is incorporated in Delaware. Its shares trade on NYSE under the ticker OPLN. The SEC classifies its business as retail-auto dealers & gasoline stations. In the fiscal year to 31 December 2025, it reported revenue of $1.93bn and net income of $177.7m. At that date it held total assets of $4.72bn and shareholders' equity of $1.24bn.
OPENLANE is a leading digital marketplace for wholesale used vehicles operating in the United States, Canada and Europe. Our technology and people connect the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to facilitate approximately 1.5 million annual vehicle transactions with a gross merchandise value ("GMV") of $28.8 billion in 2025. GMV represents the total dollar value of vehicles sold through our marketplaces. Our portfolio of integrated technology, data analytics, financing, logistics and other remarketing solutions, combined with our vehicle logistics centers in Canada, power transactions on our marketplace and help advance our purpose: to make wholesale easy so our customers can be more successful.
Vehicles on our marketplaces are typically sold by franchise and independent car dealerships (collectively "dealer customers") and by commercial sellers, which include vehicle manufacturers and their captive finance companies, financial institutions, commercial fleet operators and rental car companies (collectively "commercial customers"). We generate revenue through buy and sell fees charged to vehicle sellers and buyers on both sides of the transaction, as well as through the sale of value-added ancillary products and services, including SaaS-based remarketing and other supporting technology services, transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative and collateral recovery services and floorplan financing.
Quoted from its 10-K, filed 18 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Listed since
- 11 Dec 2009
- Employees
- 4,800
- Website
- karglobal.com ↗
- Head office
- 11299 N. ILLINOIS STREET, CARMEL, IN, 46032
- Incorporated in
- DE
- Classification
- Retail-Auto Dealers & Gasoline Stations
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Michael KestnerIndependent Non-Executive Chairman of the Board$362,515
- Mr. Peter KellyChief Executive Officer, Director, since 2011$7.4m
- Mr. Bradley HerringChief Financial Officer, Executive Vice President
- Mr. William MitchellPresident of AFC$1.0m
- Mr. Tobin RicherExecutive Vice President - Marketing and Communications
- Mr. Charles ColemanExecutive Vice President, Chief Legal Officer, Secretary$1.4m
- Mr. James CoyleExecutive Vice President, President - Marketplace$2.8m
- Mr. Randolph AltschulerIndependent Director$214,268
- Ms. Carmel GalvinIndependent Director$275,015
- Mr. J. Mark HowellIndependent Director$290,015
- Mr. Stefan JacobyIndependent Director$260,675
- Mr. Roy MackenzieIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 47
- Environment
- 22
- Social
- 50
- Governance
- 70
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Market Position: KAR Auction Services Inc holds a dominant position in the automotive auction industry, with a vast network of physical auction locations and a strong online presence.
- Diverse Services: The company offers a wide range of services, including auction services, vehicle inspections, reconditioning, transportation, and financing, providing comprehensive solutions to its customers.
- Established Brand: KAR Auction Services Inc has built a reputable brand known for its reliability, trustworthiness, and professionalism, attracting a large customer base and ensuring repeat business.
- Strong Partnerships: The company has established strategic partnerships with automotive manufacturers, dealerships, and financial institutions, enhancing its market reach and access to quality inventory.
Weaknesses
- Dependence on Economic Conditions: KAR Auction Services Inc's performance is heavily influenced by economic conditions, as a downturn in the automotive industry can lead to reduced demand for its services and decreased profitability.
- Reliance on Physical Auction Locations: Although the company has expanded its digital platforms, it still heavily relies on physical auction locations, which can restrict its market presence in certain regions and increase operational costs.
- Vulnerability to Technological Disruptions: The automotive industry is experiencing rapid technological advancements, which may disrupt traditional auction processes. KAR Auction Services Inc needs to continually invest in technology to stay competitive.
Opportunities
- Growing Online Vehicle Sales: The increasing trend of online vehicle sales presents an opportunity for KAR Auction Services Inc to expand its digital auction platforms and attract a wider customer base, offering convenience and efficiency.
- Expansion into International Markets: The company can explore opportunities to expand its operations internationally, leveraging its expertise and brand recognition to tap into new markets and diversify revenue streams.
- Embracing Electric and Autonomous Vehicles: As the automotive industry shifts towards electric and autonomous vehicles, KAR Auction Services Inc can position itself as a leader in providing specialized services, such as inspections and reconditioning, for these emerging technologies.
Threats
- Intense Competition: The automotive auction industry is highly competitive, with the presence of both established players and emerging startups. KAR Auction Services Inc needs to continually innovate and differentiate itself to maintain its market share.
- Changes in Consumer Behavior: Shifts in consumer preferences towards alternative mobility solutions and ride-sharing services may reduce the demand for traditional vehicle ownership, potentially impacting KAR Auction Services Inc's business.
- Government Regulations: Changes in government regulations related to vehicle emissions, safety standards, and trade policies can have a significant impact on the company's operations and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.