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

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ 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
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%
Quartile Rank
Percentile Rank - 13% 13% 9% 6% 16% 24% 42% 57% 42% - 21%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.