OPENLANE, Inc. (KAR)
After hours:
- PR Newswire
OPENLANE to Acquire Manheim Canada
OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, has signed a definitive agreement to acquire the Manheim Canada business ("Manheim Canada") from Cox Automotive, subject to certain customary closing conditions. The proposed acquisition advances OPENLANE's digital strategy by adding Manheim Canada inventory, buyers, sellers and corresponding data to the OPENLANE Canada digital marketplace launched earlier this year. Valued at $130 million CAD or
- PR Newswire
OPENLANE Announces Participation in Upcoming Investor Conference
OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the Barclays Global Automotive and Mobility Tech Conference on Wednesday, November 29, 2023 at 9:20am ET. Participating in the conference will be OPENLANE's Chief Financial Officer Brad Lakhia and Treasurer and Vice President Investor Relations Mike Eliason.
- PR Newswire
OPENLANE Launches US Marketplace Combining BacklotCars and Exclusive Off-Lease Inventory
OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the launch of the all-new OPENLANE US digital marketplace. The consolidated platform brings together off-lease inventory from the majority of US commercial sellers with dealer-to-dealer inventory from thousands of franchise and independent dealers previously available on BacklotCars. The launch of OPENLANE in the US follows the company's successful consolidation of its Canadian platforms
