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Overview
KAR Global provides digital solutions for the automotive wholesale industry. It runs an online marketplace and related services that help OEMs, dealers, fleet operators, rental companies, and financial institutions buy and sell used vehicles. Its product mix includes vehicle inspections, data analytics, and digital marketplaces that connect buyers and sellers. The company makes money from transaction fees, subscription services, and value-added services offered on its platforms. KAR Global differentiates itself by offering end-to-end remarketing services at a global scale, combining inspection data, analytics, and online marketplaces to streamline remarketing operations. Its goal is to make the wholesale vehicle market more accessible and efficient for its clients worldwide.
About KAR Global
Industries
Data & Analytics
Automotive & Transportation
Enterprise Software
Company Size
201-500
Company Stage
IPO
Headquarters
Carmel, Indiana
Founded
2006
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Simplify's Take
What believers are saying
- Q1 2026 revenue rose 15% to $527.9 million, with EBITDA at $96.7 million.
- Marketplace vehicle sales grew 19% in Q1 2026, led by upper-20s U.S. dealer growth.
- OPENLANE repurchased shares in 2026, signaling confidence and supporting per-share returns.
What critics are saying
- Manheim and ACV Auctions pressure OPENLANE’s dealer-to-dealer volumes and pricing every quarter.
- A 2/25/2026 complaint against OpenLane adds litigation expense and management distraction.
- If dealer-to-dealer share slips, OPENLANE’s digital-only strategy loses its core growth engine.
What makes KAR Global unique
- OPENLANE’s 2023 rebrand unified ADESA, TradeRev, and BacklotCars into one marketplace.
- It still serves manufacturers, dealers, rental companies, fleets, captives, and lenders across regions.
- Its integrated financing arm AFC and inspection services deepen switching costs for sellers.
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Funding
Total Funding
$690M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Tuition Reimbursement
Professional Development Budget
Stock Price
Growth & Insights and Company News
6 month growth
↓ -76%1 year growth
↓ -76%2 year growth
↓ -76%OPENLANE announced the pricing of a secondary offering of 8 million shares of its common stock by Ignition Acquisition Holdings LP, a fund advised by Apax Partners. The shares represent a portion of OPENLANE's previously issued Series A Convertible Preferred Stock that converted into common stock in May 2026. OPENLANE will not sell any stock in the offering and will not receive proceeds from the sale. The company has authorised a concurrent purchase of 727,590 shares from the underwriter at the same price paid to Ignition. BofA Securities is acting as underwriter for the secondary offering. The underwriter will offer shares through negotiated transactions or at market prices prevailing at the time of sale.
Digital vehicle marketplace OPENLANE reported second-quarter revenue of $554.6 million, beating analyst estimates of $531 million and marking 15.1% year-on-year growth. The company's adjusted earnings per share of $0.40 exceeded consensus estimates of $0.35. OPENLANE raised its full-year adjusted EPS guidance to $1.45 at the midpoint, a 7.4% increase. Full-year EBITDA guidance of $392.5 million surpassed analyst estimates of $379.3 million. The company's operating margin improved to 12.2% from 9.8% in the same quarter last year. However, free cash flow margin declined to 7% from 23.4% year on year. Analysts expect revenue to grow 8% over the next 12 months. OPENLANE operates digital marketplaces connecting used vehicle sellers and buyers across North America and Europe.
/PRNewswire/ -- OPENLANE, Inc. (f/k/a KAR Auction Services, Inc.) (NYSE: KAR) (the "Company"), today announced the results of its previously announced offer to...
CARMEL, Ind., April 19, 2023 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will release its first quarter 2023 financial results after the market closes on Tuesday, May 2, 2023.KAR will also host an earnings conference call and webcast on Wednesday, May 3, 2023, at 8:30 a.m. ET. The call will be hosted by KAR Chief Executive Officer Peter Kelly, EVP and Chief Financial Officer Brad Lakhia and Chief Accounting Officer Scott Anderson. The conference call may be accessed by calling 1-833-634-2155 and entering participant passcode "KAR." A live web cast will be available at the investor relations section of karglobal.com.Following the call, an archive of the webcast will be available for replay on the investor relations section of karglobal.com for a limited time.KAR ContactsMedia Inquiries: Analyst Inquiries: Laurie Dippold Mike Eliason (317) 468-3900 (317) 249-4559 [email protected] [email protected]About KARKAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced the company has named Brad Lakhia EVP and Chief Financial Officer.
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About KAR Global
Industries
Data & Analytics
Automotive & Transportation
Enterprise Software
Company Size
201-500
Company Stage
IPO
Headquarters
Carmel, Indiana
Founded
2006
There are no jobs for KAR Global right now.
Find jobs on Simplify and start your career today