Openlane, Inc.
A digital marketplace where car dealers buy and sell used vehicles wholesale online, connecting commercial and dealer sellers with dealer buyers across the U.S., Canada, and Europe. It also lends money to dealers through its AFC arm, financing the vehicles they stock until they sell. OPENLANE began in 1999 as a Stanford student startup called Autodaq, took its current name in 2008 when it merged with two rivals, and later became the new identity of KAR Global, whose ticker symbol KAR it still trades under.