Equities

Openlane Inc

Openlane Inc

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  • Price (EUR)16.30
  • Today's Change0.00 / 0.00%
  • Shares traded0.00
  • 1 Year change+34.71%
  • Beta--
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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)1.65bn
  • Net income in USD-200.00m
  • 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 2023Announced15.53%96.32m
Data delayed at least 15 minutes, as of May 01 2024 00:00 BST.
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