OPENLANE to Change Stock Ticker to OPLN
Rhea-AI Summary
OPENLANE (NYSE:KAR) announced it will change its NYSE ticker symbol to OPLN effective at the open of trading on December 26, 2025. The company said no action is required by stockholders. The change aligns the investor ticker with the OPENLANE corporate brand after a rebrand two and a half years ago.
Management highlighted that OPENLANE has transformed its business, technology and customer experience and continues to grow volumes and market share in off-lease remarketing and the dealer-to-dealer market.
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Key Figures
Market Reality Check
Peers on Argus
Peers show mixed, mostly modest moves: DRVN -2.07%, CARG +0.50%, SAH +0.31%, RUSHA -0.14%, RUSHB -0.62%, suggesting today’s setup is more stock-specific than a broad auto dealer move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 14 | Leadership change | Neutral | -2.0% | Executive changes at Reviver, a related automotive technology company. |
| Nov 11 | Investor conferences | Positive | +1.7% | Management participation in four investor conferences in late 2025. |
| Nov 05 | Earnings results | Positive | -1.9% | Q3 2025 beat with revenue, GMV growth, and raised full‑year guidance. |
| Oct 15 | Earnings notice | Neutral | -0.7% | Scheduling of Q3 2025 earnings release and conference call details. |
| Oct 08 | Capital structure | Positive | -2.4% | Repurchase of 53% of Series A Preferred Stock via new secured term loans. |
Recent positive fundamental and capital-structure updates have twice been followed by negative 1-day moves, while neutral disclosures saw mild declines or modest gains.
Over the last few months, OPENLANE has reported several notable developments. On Oct 8, 2025, it completed the repurchase of 53% of its Series A Convertible Preferred Stock, financed with $550M in secured term loans. Ahead of this, it announced Q3 2025 earnings on Nov 5, 2025, highlighting $498M in revenue and raised guidance. Management also outlined participation in multiple investor conferences in November–December 2025. Against this backdrop, the current ticker change aligns branding with the OPENLANE name rather than altering fundamentals.
Market Pulse Summary
This announcement focuses on rebranding, as OPENLANE changes its NYSE ticker from “KAR” to “OPLN” effective December 26, 2025, without requiring any stockholder action. It follows stronger Q3 2025 results and significant capital-structure moves, including repurchasing 53% of Series A preferred stock funded by $550M in term loans. Investors may track how the new symbol integrates with prior guidance, recent insider activity, and ongoing funding arrangements disclosed in the latest 10-Q and 8-K filings.
AI-generated analysis. Not financial advice.
New Symbol Aligns Branding, Reflects Transformation and Growth
"Two and a half years ago, we rebranded our company to OPENLANE and aligned around a simple purpose: to make wholesale easy so our customers can be more successful," said Peter Kelly, CEO of OPENLANE. "Since then, we have transformed our business, our technology and the customer experience we deliver to automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions. OPENLANE is the clear industry leader in off-lease remarketing and continues to grow both volumes and market share in the large dealer-to-dealer market. This change to OPLN better aligns our investor brand with OPENLANE's corporate brand and our successful go-to-market strategy."
OPENLANE Contacts: | ||
Media Inquiries: | Analyst Inquiries: | |
Laurie Dippold | Bill Wright | |
(317) 468-3900 | (317) 249-4559 | |
About OPENLANE
OPENLANE, Inc. (NYSE: KAR) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in
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SOURCE OPENLANE, Inc.
FAQ
When will OPENLANE change its ticker from KAR to OPLN?
Do OPENLANE shareholders need to take any action for the KAR to OPLN change?
What is the reason for OPENLANE changing its NYSE symbol to OPLN?
Will OPENLANE’s ticker change affect its listing or trading status on the NYSE?
How can investors confirm the OPENLANE ticker change on December 26, 2025?
Who can analysts or media contact about OPENLANE’s ticker change?
