OPENLANE, Inc. (KAR) Stock
OPENLANE, Inc., established in 2006 and headquartered in Carmel, Indiana, functions as a leading digital ecosystem for the trading of pre-owned vehicles. This platform seamlessly connects both sellers and buyers across the United States, Canada, Continental Europe, and the United Kingdom.
Valuation
Financials & Margins
Annual Financials (USD)
Balance Sheet (USD)
Latest News
Cash Flow (USD)
Valuation & Return Ratios
Peer Comparison
About OPENLANE, Inc.
OPENLANE, Inc., established in 2006 and headquartered in Carmel, Indiana, functions as a leading digital ecosystem for the trading of pre-owned vehicles. This platform seamlessly connects both sellers and buyers across the United States, Canada, Continental Europe, and the United Kingdom. The company's operations are strategically divided into two core areas: Marketplace and Finance. The Marketplace segment provides advanced digital solutions for automotive transactions, including the OPENLANE platform, which empowers dealerships with mobile app-enabled tools for efficient inventory sourcing and sales. Beyond its central trading capabilities, this division also furnishes a comprehensive array of supplementary services designed to streamline the vehicle transaction lifecycle. These include full-service logistics for transportation, reconditioning, thorough vehicle inspection and certification, title management, various administrative support tasks, and collateral recovery. Its diverse clientele encompasses commercial fleet operators, financial institutions, car rental agencies, new and used vehicle dealerships, and automotive manufacturers. Conversely, the Finance segment focuses on delivering short-term, inventory-backed lending solutions, specifically floorplan financing, predominantly to independent vehicle dealers. It also extends its services to other commercial and franchise dealer partners. Notably, the enterprise, previously known as KAR Auction Services, Inc., underwent a rebranding and officially became OPENLANE, Inc. in May 2023.
OPENLANE, Inc. is headquartered in US.
OPENLANE, Inc. (KAR) stock trades at $27.44 with a market capitalization of $2.92B. The stock is valued at a price-to-earnings (P/E) ratio of 21.48, price-to-book of 2.73, price-to-sales of 2.09. Over the past 52 weeks the stock has ranged between $17.08 and $31.16, and currently trades 11.9% below its 52-week high.
On profitability, OPENLANE, Inc. generates a return on equity (ROE) of 13.49%, above the typical market average, return on capital employed of 16.01%, an operating margin of 17.05%, a net profit margin of 9.47%.
Official website: corporate.openlane.com