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.

New Code Boost IQ Exploits Data Moat to Empower US Dealers with Smarter, Faster Purchase DecisionsCARMEL, Ind., Aug. 15, 2024 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the launch of Code Boost IQ, a first-of-its-kind vehicle inspection enhancement that enables faster, better informed decision-making for dealers. Industry-standard "On-Board Diagnostics II" (OBD2) scans detect thousands of alphanumeric diagnostic codes that indicate potential mechanical or electrical issues. Code Boost IQ leverages artificial intelligence, the company's analytics engine and millions of internal data points to translate flagged OBD2 codes into simple, easy-to-understand visual alert banners. Available on every dealer-consigned vehicle in OPENLANE's US marketplace, Code Boost IQ helps dealers quickly discern which codes are cause for concern and adjust their pricing or purchasing approach accordingly."OPENLANE is committed to making wholesale easy with every customer, and Code Boost IQ is just another OPENLANE innovation that's making our marketplace the smartest, most transparent and most efficient platform for dealers to transact," said James Coyle, EVP and president, North American marketplaces at OPENLANE