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Industries
Automotive & Transportation
Company Size
51-200
Company Stage
IPO
Headquarters
Redwood City, California
Founded
1997
Openlane operates an online marketplace specifically designed for car dealers in the wholesale automotive market. The platform allows dealers to buy and sell vehicles in bulk, providing access to a wide inventory that includes dealer trades, commercial vehicles, and off-lease exclusives. Openlane simplifies the buying process by offering detailed vehicle reports, which help dealers understand the condition and history of the vehicles they are purchasing, thereby reducing risk and guesswork. Unlike many competitors, Openlane focuses on transparency and ease of use, ensuring that dealers can make informed decisions. The company generates revenue through transaction fees for listings and sales, as well as additional services like vehicle inspections. The main goal of Openlane is to enhance the efficiency and profitability of car dealers by providing them with a comprehensive and user-friendly platform.
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Total Funding
$245M
Above
Industry Average
Funded Over
2 Rounds
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Mental Health Support
Tuition Reimbursement
Professional Development Budget
OPENLANE (NYSE: KAR) has appointed Brad Herring as EVP and Chief Financial Officer, effective May 27, 2025.
OPENLANE has sold its High Tech Locksmiths business unit to Dent Wizard, a reconditioning services provider.
Clifford Capital Partners LLC invests $10.31 million in OPENLANE, Inc. (NYSE:KAR).
Intech Investment Management LLC invests $1.44 million in OPENLANE, Inc. (NYSE:KAR).
After evaluating multiple AWS migration service providers, OPENLANE selected Sierra-Cedar, an AWS Advanced Consulting Partner, due to its expertise in PeopleSoft applications, flexible engagement model, and experience with IaC tools.
Saskatoon, SK, Canada
$70k - $80k/yr
Milpitas, CA, USA + 4 more
Find jobs on Simplify and start your career today
Industries
Automotive & Transportation
Company Size
51-200
Company Stage
IPO
Headquarters
Redwood City, California
Founded
1997
$26 - $28/hr
Visalia, CA, USA
Saskatoon, SK, Canada
$70k - $80k/yr
Milpitas, CA, USA + 4 more
Find jobs on Simplify and start your career today