OPENLANE (OPLN) Stock Analysis

What OPENLANE does

OPENLANE, Inc., including its various subsidiaries, functions as a leading digital platform designed for the transaction of pre-owned vehicles, connecting buyers and sellers across major markets in the United States, Canada, Continental Europe, and the United Kingdom. The company's operations are distinctly divided into two primary segments: Marketplace and Finance. The Marketplace segment offers comprehensive digital services for both acquiring and divesting used vehicles. This is augmented by an array of value-added ancillary services, such as inbound and outbound transportation logistics, vehicle reconditioning, detailed inspection and certification, titling assistance, administrative support, and collateral recovery. A key component of this segment is the OPENLANE platform, a mobile application-enabled solution that empowers dealerships to effectively source and sell their inventory. The clientele for this segment is diverse, including commercial fleet operators, financial institutions, rental car companies, new and used vehicle dealerships, and vehicle manufacturers. Conversely, the Finance segment specializes in providing floorplan financing. This entails offering short-term, inventory-secured capital specifically to independent vehicle dealers. Established in 2006 and headquartered in Carmel, Indiana, the company underwent a name change in May 2023, transitioning from its former identity as KAR Auction Services, Inc. to OPENLANE, Inc.

Key metrics

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Frequently asked questions

What is the ticker symbol for OPENLANE?

OPENLANE trades under the ticker OPLN on NYSE.

Which exchange is OPLN listed on?

OPLN is listed on NYSE.

What sector does OPENLANE operate in?

OPENLANE is classified in the Consumer Cyclical sector (Auto - Dealerships industry).

How can PortView help analyze OPLN in a portfolio?

PortView shows OPLN's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.