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OPENLANE, Inc. (KAR)

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15.80 -0.44 (-2.71%)
At close: October 31 at 4:00 PM EDT
15.54 -0.26 (-1.65%)
After hours: October 31 at 5:59 PM EDT

Key Executives

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
NameTitlePayExercisedYear Born
Mr. Peter J. Kelly CEO & Director 1.94M -- 1969
Mr. Brad S. Lakhia Executive VP & CFO 1.28M -- 1972
Mr. Sriram Subrahmanyam Ph.D. EVP of Operations and President of Services & International Markets 1.05M -- 1970
Mr. Scott A. Anderson Executive Officer 783.56k -- 1966
Mr. James P. Coyle Executive VP & President of North American Marketplaces 1.38M -- 1981
Mr. Dwayne P. Price Chief Accounting Officer & Principal Accounting Officer -- -- --
Ms. Itunu Orelaru Head of Investor Relations -- -- --
Mr. Charles S. Coleman Executive VP, Chief Legal Officer & Secretary -- -- 1972
Mr. Tobin P. Richer Executive Vice President of Marketing & Communications -- -- 1974
Mr. Warren W. Byrd Executive Vice President of Corporate Development & Real Estate -- -- 1963

OPENLANE, Inc.

11299 North Illinois Street
Carmel, IN 46032
United States
800 923 3725 https://corporate.openlane.com
Full Time Employees:?
3,825

Description

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

Corporate Governance

OPENLANE, Inc.’s ISS Governance QualityScore as of October 28, 2024 is 7. The pillar scores are Audit: 10; Board: 3; Shareholder Rights: 9; Compensation: 5.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Upcoming Events

November 6, 2024 at 9:00 PM UTC

OPENLANE, Inc. Earnings Date

Recent Events

October 3, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

August 8, 2024 at 12:00 AM UTC

S-8: Offering Registrations

August 7, 2024 at 9:00 PM UTC

Q2 2024 Earnings Call

August 7, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

June 20, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

June 10, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

May 2, 2024 at 12:00 AM UTC

10-Q: Periodic Financial Reports

May 1, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

April 26, 2024 at 12:00 AM UTC

ARS: Annual Report to Shareholders

February 22, 2024 at 12:00 AM UTC

S-3ASR: Offering Registrations

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