Openlane Inc (NYSE:KAR)
$ 20.5 0.17 (0.84%) Market Cap: 2.19 Bil Enterprise Value: 2.39 Bil PE Ratio: 110.22 PB Ratio: 1.65 GF Score: 75/100
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Openlane Inc at Barclays Global Automotive and Mobility Tech Conference Transcript

Nov 29, 2023 / 03:40PM GMT
Release Date Price: $14.88 (-0.27%)
Dan Meir Levy
Barclays Bank PLC, Research Division - Senior Analyst

Great. Thank you, everyone, as you join -- as we continue to Barclays Global Automotive and Mobility Tech Conference. I'm Dan Levy, I lead autos research coverage at Barclays, and very pleased to have with us OPENLANE. For those of you who may not be familiar, OPENLANE actually is what you may have known in the past as the car auction services, OPENLANE, they focus on wholesale vehicle auctions, vehicle remarketing services, primarily in North America, Europe as well.

And so we have with us today, Brad Lakhia, the CFO; Michael Eliason, Treasurer and Head of IR. And I think this will be a good opportunity to get a sense of sort of the core business drivers that they have. And maybe as well, if we can get some sense on, I know for a lot of people, the used vehicle market has been, obviously, a very critical topic here, given sort of the very unique cycle position that we have. So I think OPENLANE can provide us with some interesting insights on where that stands.

So with that, Brad, Mike, thank you for joining. Thank you

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