KAR fundamentals

OPENLANE, Inc. engages in providing sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. Its end-to-end platform supports the whole car, financing, logistics and other ancillary and related services. It operates through the Marketplace and Finance segments. The Marketplace segment serves a domestic and international customer base through digital marketplaces and vehicle logistics center locations across Canada. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.