OPENLANE Appoints New CFO to Drive Growth

An update from OPENLANE ( (KAR) ) is now available.

On April 22, 2025, OPENLANE, Inc. announced the appointment of Bradley Herring as Executive Vice President and Chief Financial Officer, effective May 27, 2025. Herring, who brings over 30 years of experience in financial operations and investor relations, will lead all financial and investor-facing functions at OPENLANE. His appointment is expected to enhance the company’s financial strategy and support its vision to lead the digital transformation of the wholesale used vehicle market. This strategic move is anticipated to strengthen OPENLANE’s market position and deliver growth and value to its customers and shareholders.

Spark’s Take on KAR Stock

According to Spark, TipRanks’ AI Analyst, KAR is a Neutral.

Kar Auction Services is recovering well with strong revenue growth and robust cash flow, but faces challenges with its high P/E ratio and technical indicators suggesting bearish trends. The company’s strategic focus on technology and dealer engagement bodes well for long-term growth, but macroeconomic challenges may pose risks.

To see Spark’s full report on KAR stock, click here.

More about OPENLANE

OPENLANE, Inc. (NYSE: KAR) is a leading operator of digital marketplaces for wholesale used vehicles, offering technology-driven remarketing solutions. The company provides an end-to-end platform that supports whole car transactions, financing, logistics, and other related services, aiming to reduce risk, improve transparency, and streamline transactions globally. Headquartered in Carmel, Indiana, OPENLANE operates across the United States, Canada, Europe, Uruguay, and the Philippines.

YTD Price Performance: -9.51%

Average Trading Volume: 854,668

Technical Sentiment Signal: Sell

Current Market Cap: $1.95B

See more data about KAR stock on TipRanks’ Stock Analysis page.