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Openlane Inc
11299 N. Illinois Street
Phone: (800) 923-3725p:800 923-3725 CARMEL, IN  46032  United States Ticker: KARKAR

Business Summary
OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Company’s segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
YesYes-YesYes--

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/202312/31/2023YesYes-YesYes

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Non-Executive Chairman of the Board Michael T.Kestner 69 4/1/2023 12/16/2013
Chief Executive Officer, Director Peter J.Kelly 54 4/1/2021 2/1/2011
Chief Financial Officer, Executive Vice President Brad S.Lakhia 50 4/17/2023 4/17/2023
11 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Auto Disposal of Memphis, Inc. 2 WESTBROOK CORPORATE CENTER WESTCHESTER Illinois United States
Salvage Disposal CO of Georgia 2 WESTBROOK CORPORATE CENTER WESTCHESTER Illinois United States
CarBuyCo, LLC 13085 Hamilton Crossing Boulevard Carmel IN United States
16 additional Subsidiary records available in full report.

Business Names
Business Name
2540-0714 Quebec Inc.
79378 Manitoba Inc.
AFC CAL, LLC
44 additional Business Names available in full report.

General Information
Number of Employees: 4,500 (As of 12/31/2023)
Outstanding Shares: 108,045,559 (As of 2/15/2024)
Shareholders: 5
Stock Exchange: NYSE
Federal Tax Id: 208744739
Fax Number: (302) 636-5454


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Wednesday, March 27, 2024