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About KAR Global
Industries
Data & Analytics
Automotive & Transportation
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Carmel, Indiana
Founded
2006
Overview
KAR Global provides digital solutions tailored for the automotive wholesale industry. Their services include vehicle inspections, analytics, and digital marketplaces that facilitate the buying and selling of used vehicles. By utilizing data, KAR Global helps clients such as manufacturers, dealers, and rental companies streamline their operations and make informed decisions. Unlike many competitors, KAR Global offers a comprehensive end-to-end remarketing service, which enhances the efficiency of the wholesale vehicle market. The company's goal is to improve accessibility and efficiency in this sector, ensuring that clients can navigate the market effectively.
Simplify's Take
What believers are saying
- Increased adoption of AI-driven analytics enhances decision-making for KAR Global's clients.
- The rise of online-only vehicle auctions expands KAR Global's digital auction platforms.
- Growing focus on sustainability offers KAR Global opportunities to develop eco-friendly remarketing solutions.
What critics are saying
- Increased competition from digital-only platforms like Vroom and Carvana threatens market position.
- Rapid AI advancements may outpace KAR Global's current technological capabilities.
- Economic downturns in key markets could reduce demand for used vehicles, affecting revenue.
What makes KAR Global unique
- KAR Global offers comprehensive digital solutions for the automotive wholesale industry.
- The company provides end-to-end remarketing services, including vehicle inspections and analytics.
- KAR Global has a significant global footprint, operating in North America, Europe, and beyond.
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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
Company News
/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.
Michael Kestner, who has served as lead independent director since 2019, has been named chairman of KAR’s board effective April 1, 2023, and Peter Kelly continues to serve as KAR’s chief executive officer.
With its vehicle appraisal and auctioning system, TradeRev, which was acquired by KAR Global in 2017, promises to revolutionise the auto business.
KAR Global is Hiring for 51 Jobs on Simplify!
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About KAR Global
Industries
Data & Analytics
Automotive & Transportation
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Carmel, Indiana
Founded
2006
KAR Global is Hiring for 51 Jobs on Simplify!
Find jobs on Simplify and start your career today