Exchange: NYSE·Updated 05:11 PM EDT

KAR KAR Auction Services Inc

$36.30
$1.03
(2.89%)
Today
Closed $36.71
$0.41
(1.12%)
After Hours
EarningsNov 4
Mkt Cap$4.38B
Vol1.28M

About KAR

OPENLANE, Inc. engages in providing sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. Its end-to-end platform supports the whole car, financing, logistics and other ancillary and related services. It operates through the Marketplace and Finance segments. The Marketplace segment serves a domestic and international customer base through digital marketplaces and vehicle logistics center locations across Canada. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada. The company was founded on November 9, 2006 and is headquartered in Carmel, IN.
43

Bearish Sentiment

How do you feel about KAR?

MikeyMcDermott
$KAR quiet over here. Wonder if OPLN will buy rest of APAX shares alongside Q3 earnings now that they lost the ACVA bid. Might unlock big move as overhang would be fully removed. Q3 should be another growth acceleration as commercial off lease ramps and take some share in D2D -- maybe even pick some up from ACVA given CPRT news? And the new OEM + physical auction share gains. Could easily come up with 300 million to buyback 8.5 million shares from APAX.
MikeyMcDermott
$KAR expecting final sale from APAX + Ignition soon. Their 45-day lock-up expires on Monday.

Advertisement|Remove ads.