Key information

🔎 Fund Overview

OPENLANE, Inc., formerly KAR Auction Services, Inc., provides sellers and buyers across the global wholesale used-vehicle industry with remarketing solutions. The Company's end-to-end platform supports whole car, financing, logistics, and other ancillary and related services. It operates in two business segments: Marketplace and Finance. Its vehicles on the Company's marketplaces are sold by commercial sellers, including vehicle manufacturers and their captive finance companies, financial institutions, commercial fleet operators and rental car companies, as well as used vehicle dealers, to franchised and independent used vehicle dealers. Its OPENLANE platform supports 40 private label digital remarketing sites. For dealer customers, the Company also operates BacklotCars and TradeRev digital marketplace platforms that facilitate real-time transactions between automotive dealers, coast-to-coast in the United States and Canada. It operates the ADESA Simulcast and Simulcast+ technology.