OPENLANE, Inc.

OPENLANE, Inc. operates as a leading digital marketplace for wholesale used vehicles, connecting sellers and buyers across North America, Continental Europe, and the United Kingdom. Headquartered in Carmel, Indiana, the company's mission is to simplify the wholesale process by providing efficient, transparent, and data-driven solutions for remarketing and acquiring used vehicles.

The company operates through two primary segments: Marketplace and Finance. The Marketplace segment offers digital auction platforms for buying and selling used vehicles, complemented by a suite of ancillary services such as transportation logistics, vehicle inspection and certification, reconditioning, and titling. It serves a diverse clientele including original equipment manufacturers (OEMs), franchise and independent dealers, fleet operators, rental companies, and financial institutions. The Finance segment, primarily through its Automotive Finance Corporation (AFC) brand, provides floorplan financing—short-term inventory-secured financing—to independent vehicle dealers.

Under the leadership of CEO Peter Kelly, OPENLANE, Inc. has undergone significant transformation, notably rebranding from KAR Auction Services, Inc. in May 2023 and changing its NYSE ticker symbol from KAR to OPLN effective December 26, 2025. In 2025, the company facilitated approximately 1.5 million vehicle transactions with a gross merchandise value of $28.8 billion, reporting 8% revenue growth to $1.9 billion. Recent strategic initiatives include unifying its AI and data capabilities under "OPENLANE Intelligence" in January 2026, reinforcing its asset-light, technology-centric market positioning.