Question 1

What does Openlane (formerly KAR Global) do?

Accepted Answer

Openlane powers the world’s most trusted automotive marketplaces through innovation, technology and people.

Question 2

In what sectors does Openlane (formerly KAR Global) operate?

Accepted Answer

Openlane (formerly KAR Global) operates in Automotive, Marketplace.

Question 3

How many companies has Openlane (formerly KAR Global) acquired?

Accepted Answer

Openlane (formerly KAR Global) has made 16 acquisitions between 2007-2023, with a total disclosed deal value of $1.1B.

Question 4

What companies are owned by Openlane (formerly KAR Global)?

Accepted Answer

Companies acquired by Openlane (formerly KAR Global) include Manheim Canada, Carwave, Velocicast, BacklotCars, CarsOnTheWeb, Clearplan, STRATIM Systems, DRIVIN, and 8 more.

Question 5

What are Openlane (formerly KAR Global)'s major acquisitions?

Accepted Answer

Openlane (formerly KAR Global)'s largest acquisitions include Carwave ($450.0M, 2021), BacklotCars ($425.0M, 2020), OPENLANE ($210.0M, 2011), DRIVIN ($43.0M, 2017).

Question 6

What is Openlane (formerly KAR Global)'s largest acquisition?

Accepted Answer

Openlane (formerly KAR Global)'s largest disclosed acquisition is Carwave for $450.0M (2021).

Question 7

What was Openlane (formerly KAR Global)'s first acquisition?

Accepted Answer

Openlane (formerly KAR Global)'s first recorded acquisition was ADESA in 2007.

Question 8

What was Openlane (formerly KAR Global)'s most recent acquisition?

Accepted Answer

Openlane (formerly KAR Global)'s most recent acquisition is Manheim Canada, announced December 2023.

Question 9

What is the average deal size for Openlane (formerly KAR Global) acquisitions?

Accepted Answer

The average disclosed deal size for Openlane (formerly KAR Global) acquisitions is $282.0M.

Question 10

What is the median deal size for Openlane (formerly KAR Global) acquisitions?

Accepted Answer

The median disclosed deal size for Openlane (formerly KAR Global) acquisitions is $317.5M. The median is often lower than the average because a few very large deals pull the average up.

Question 11

How much has Openlane (formerly KAR Global) spent on acquisitions?

Accepted Answer

Openlane (formerly KAR Global) has spent at least $1.1B across its disclosed acquisitions (of 16 total deals; some prices are undisclosed).

Question 12

Which sector has Openlane (formerly KAR Global) spent the most on?

Accepted Answer

Openlane (formerly KAR Global) has committed the most disclosed capital to Automotive companies — about $1.1B across its deals in that sector.

Question 13

What sectors does Openlane (formerly KAR Global) usually acquire in?

Accepted Answer

Openlane (formerly KAR Global) most frequently acquires companies in Automotive, E-Commerce, Wholesale.

Question 14

In which sector has Openlane (formerly KAR Global) made the most acquisitions?

Accepted Answer

Openlane (formerly KAR Global) has made the most acquisitions in the Automotive sector.

Question 15

In which year did Openlane (formerly KAR Global) make the most acquisitions?

Accepted Answer

Openlane (formerly KAR Global) made the most acquisitions in 2018, with 3 deals.

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