OPENLANE, Inc. (OPLN)

OPENLANE, Inc. operates digital marketplaces for buying and selling used vehicles in the wholesale market. Headquartered in Carmel, Indiana, the company was previously known as KAR Auction Services and adopted the OPENLANE name after shifting from physical auctions to online platforms.

Its marketplace business connects franchised and independent dealers with each other, and also handles off-lease and fleet vehicles sold by commercial consignors such as automakers' finance arms, banks, leasing companies and rental firms. It provides related services including inspections, transportation, reconditioning and title handling, operating in the United States, Canada and parts of Europe.

The company's finance segment, Automotive Finance Corporation, provides floorplan financing that lets independent used-car dealers fund their vehicle inventory.