Equities

Openlane Inc

Openlane Inc

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Consumer DiscretionaryConsumer Services
  • Price (USD)16.93
  • Today's Change-0.47 / -2.70%
  • Shares traded738.35k
  • 1 Year change+10.29%
  • Beta1.4836
Data delayed at least 15 minutes, as of May 23 2024 00:00 BST.
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About the company

OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company'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 for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.

  • Revenue in USD (TTM)1.64bn
  • Net income in USD-195.60m
  • Incorporated2006
  • Employees4.50k
  • Location
    Openlane Inc11299 N. Illinois StreetCARMEL 46032United StatesUSA
  • Phone+1 (800) 923-3725
  • Fax+1 (302) 636-5454
  • Websitehttps://www.openlane.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
KAR:NYQ since
announced
Transaction
value
Manheim Remarketing Inc-Manheim Canada BusinessAnnounced04 Dec 202304 Dec 2023Announced13.85%96.32m
Data delayed at least 15 minutes, as of May 23 2024 00:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Hibbett Inc1.73bn103.16m1.03bn3.95k10.562.436.780.59678.178.17136.8535.531.872.99116.84437,692.9011.1613.1416.0618.7933.7635.245.976.710.264325.780.10146.981.2011.38-19.4429.4126.75--
Sally Beauty Holdings Inc3.69bn161.04m1.11bn27.00k7.272.024.150.30171.481.4834.015.321.361.77113.20136,741.705.947.727.779.9650.6749.934.365.260.37374.030.65470.00-2.29-1.060.5704-4.470.9605--
National Vision Holdings Inc2.11bn-71.93m1.24bn14.00k--1.4843.840.5892-0.9215-0.928526.8710.710.9438.2234.35150,494.50-3.221.60-3.861.8752.7454.14-3.411.800.69432.820.3530.006.046.71-256.45--1.89--
GigaCloud Technology Inc827.11m105.36m1.29bn1.36k12.234.0411.711.562.572.5720.207.791.174.5118.54607,276.8014.89--20.06--27.28--12.74--1.09--0.0004--43.62--541.11------
Camping World Holdings Inc6.10bn5.57m1.69bn12.26k149.6517.0424.730.2763-0.0412-0.0412111.021.171.262.1058.31497,812.90-0.10586.46-0.177210.4330.1531.49-0.08374.160.17480.98870.954263.62-10.635.38-77.3324.45-0.038836.20
Openlane Inc1.64bn-195.60m1.88bn4.50k--1.42--1.15-1.78-1.7815.0117.940.3293--4.49364,622.20-2.99-0.2764-6.31-0.465647.7544.34-9.08-1.01--1.660.1418--8.27-7.60-1,617.24---16.91--
Sonic Automotive Inc14.27bn172.50m1.94bn10.50k11.752.156.140.13624.884.88403.2626.692.707.6135.871,358,591.003.273.175.575.6315.6215.451.211.160.35242.690.801418.752.657.63101.3627.744.4737.04
Savers Value Village Inc1.51bn62.84m2.05bn2.60k33.105.2016.081.360.38370.38379.332.440.856520.90116.19--3.57--4.10--58.11--4.17--0.8261.890.6526--4.38---37.31------
Oliveda International Inc668.24m22.62m2.07bn4.40k5.450.832528.903.090.62030.607118.394.060.734435.086.20151,872.502.492.043.062.4142.8646.293.392.920.62731.940.81740.0042.4722.80-17.31--22.49--
Arhaus Inc1.28bn106.24m2.24bn2.15k21.077.8515.991.750.75780.75789.112.041.192.68688.74594,557.209.92--15.76--41.25--8.31--0.6072--0.1604--4.78---8.34------
PriceSmart, Inc.4.67bn120.71m2.62bn11.00k21.452.4013.150.5613.993.99153.7435.682.388.14258.05424,842.906.235.719.308.4017.1316.982.612.470.4873--0.117826.228.506.864.465.397.75-3.69
Data as of May 23 2024. Currency figures normalised to Openlane Inc's reporting currency: US Dollar USD

Institutional shareholders

61.07%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 31 Mar 202415.99m14.80%
The Vanguard Group, Inc.as of 31 Mar 202412.08m11.18%
Burgundy Asset Management Ltd.as of 31 Mar 20248.78m8.12%
Dimensional Fund Advisors LPas of 31 Mar 20247.09m6.57%
Hawk Ridge Capital Management LPas of 31 Mar 20244.41m4.08%
SSgA Funds Management, Inc.as of 31 Mar 20244.21m3.90%
Harris Associates LPas of 31 Mar 20243.86m3.57%
Neuberger Berman Investment Advisers LLCas of 31 Mar 20243.39m3.14%
Cardinal Capital Management LLCas of 31 Mar 20243.22m2.98%
Sunriver Management LLCas of 31 Mar 20242.95m2.73%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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