OPENLANE, Inc. (KAR)
OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. The company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. It operates through the following segments: Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces and vehicle logistics center locations across Canada. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.
Address
11299 N. ILLINOIS STREET
CARMEL, IN 46032
Founded
2006
Number of Employees
4,500
Website
http://corporate.openlane.com
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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$ Amount Purchased ($ in 000s) |
- | $207,586 | $29,438 | $99,991 | $149,990 | $119,688 | $10,239 | $180,768 | $182,069 | $22,207 | - | $111,331 |
Average Price | - | $38.72 | $36.95 | $44.45 | $55.63 | $25.18 | $17.50 | $16.66 | $14.39 | $15.43 | - | $24.21 |
# Shares Purchased | - | 5,361,468 | 796,706 | 2,249,489 | 2,695,978 | 4,753,300 | 585,086 | 10,847,800 | 12,649,722 | 1,438,859 | - | 4,597,601 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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Total Return to Date | - | -58.7% | -56.7% | -64.0% | -71.2% | -36.5% | -8.6% | -4.0% | 11.2% | 3.7% | - | -33.9% |
S&P 500 Return to Date | - | 173.0% | 168.6% | 129.7% | 104.9% | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | - | 93.8% |
Excess Total Return | - | -231.6% | -225.3% | -193.7% | -176.1% | -129.6% | -83.4% | -35.6% | -26.1% | -27.7% | - | -127.7% |
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Percentile Rank | - | 13% | 13% | 9% | 6% | 16% | 24% | 42% | 57% | 42% | - | 21% |
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