Overview
OPENLANE
Openlane, Inc. is one of the leading digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe to facilitate fast, easy and transparent transactions. The company's marketplaces facilitated the sale of approximately 1.4 million used vehicles. Its integrated marketplaces reduce risk, improve transparency, and streamline transactions for customers worldwide. In addition to approximately 90 physical auction located
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Read More throughout North America, OPENLANE also hosts online auctions. The company makes money through auction fees extended to vehicle buyers and sellers and by providing add-on services, such as inspections, storage, transportation, reconditioning, collateral recovery, and titling and financing. More than 60% of its revenue comes from its US customers.
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Read More throughout North America, OPENLANE also hosts online auctions. The company makes money through auction fees extended to vehicle buyers and sellers and by providing add-on services, such as inspections, storage, transportation, reconditioning, collateral recovery, and titling and financing. More than 60% of its revenue comes from its US customers.
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Peter J Kelly
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Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers
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Nondepository Credit Intermediation
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Automobile Dealers
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Automobile auction
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Automotive brokers
See All Industries , Financing of dealers by motor vehicle manufacturers organ. Used car dealers
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See All Industries , Financing of dealers by motor vehicle manufacturers organ. Used car dealers
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Apparel, Piece Goods, and Notions Merchant Wholesalers
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Chemical and Allied Products Merchant Wholesalers
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Drugs and Druggists' Sundries Merchant Wholesalers
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Farm Product Raw Material Merchant Wholesalers
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Furniture and Home Furnishing Merchant Wholesalers
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Grocery and Related Product Merchant Wholesalers
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Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers
View more , Household Appliances and Electrical and Electronic Goods Merchant Wholesalers , Lumber and Other Construction Materials Merchant Wholesalers , Machinery, Equipment, and Supplies Merchant Wholesalers , Metal and Mineral (except Petroleum) Merchant Wholesalers , Miscellaneous Durable Goods Merchant Wholesalers , Miscellaneous Nondurable Goods Merchant Wholesalers , Paper and Paper Product Merchant Wholesalers , Petroleum and Petroleum Products Merchant Wholesalers , Professional and Commercial Equipment and Supplies Merchant Wholesalers Wholesale Trade Agents and Brokers
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View more , Household Appliances and Electrical and Electronic Goods Merchant Wholesalers , Lumber and Other Construction Materials Merchant Wholesalers , Machinery, Equipment, and Supplies Merchant Wholesalers , Metal and Mineral (except Petroleum) Merchant Wholesalers , Miscellaneous Durable Goods Merchant Wholesalers , Miscellaneous Nondurable Goods Merchant Wholesalers , Paper and Paper Product Merchant Wholesalers , Petroleum and Petroleum Products Merchant Wholesalers , Professional and Commercial Equipment and Supplies Merchant Wholesalers Wholesale Trade Agents and Brokers
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Modelled
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Actual
$1.79 billion
Actual
5.47%
$4,622
DEC
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NYSE:KAR
Contacts
Get in Touch with 5 Principals* and 775 Contacts
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Peter J KellyChief Executive Officer
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.79 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $291 | $235 | -$455 |
| Net Investing Cash | -$71 | -$84 | $2,147 |
| Net Financing Cash | -$174 | -$280 | -$1,611 |
| Net Change in Cash | $47 | -$128 | $81 |
| Cash at Beginning of Period | $159 | $278 | $203 |
| Cash at End of Period | $184 | $159 | $278 |
| Capital Expenditure | -$53 | -$52 | -$61 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $143 | $94 | $226 |
| Accounts Receivable | $248 | $292 | $271 |
| Inventories | $ | $ | $ |
| Other Current Assets | $2,460 | $2,457 | $2,526 |
| Asset Summary | |||
| Total Current Assets | $2,852 | $2,842 | $3,022 |
| Tangible Fixed Assets | $216 | $246 | $208 |
| Intangible Assets | $278 | $318 | $367 |
| Total Assets | $4,622 | $4,726 | $5,120 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $548 | $557 | $551 |
| Short-Term Debt | $222 | $155 | $289 |
| Other Current Liabilities | $1,795 | $1,768 | $1,803 |
| Liability Summary | |||
| Total Current Liabilities | $2,566 | $2,479 | $2,643 |
| Long-Term Debt | $ | $202 | $205 |
| Other Long-Term Liabilities | $17 | $14 | $7 |
| Total Liabilities | $3,280 | $3,399 | $3,602 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $1 |
| Retained Earnings | $690 | $624 | $823 |
| Equity Summary | |||
| Total Equity | $1,343 | $1,327 | $1,518 |
| Shares Outstanding | 106,849,134 | 108,040,704 | 108,914,678 |