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.

New Symbol Aligns Branding, Reflects Transformation and Growth

CARMEL, Ind., Dec. 16, 2025 /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced it will change its New York Stock Exchange (NYSE) ticker symbol from "KAR" to "OPLN." The change will take effect at the open of trading on December 26, 2025. No action is required by the company's stockholders.

"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
laurie.dippold@openlane.com		investor_relations@openlane.com

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 Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines. For more information and the latest OPENLANE news, visit corporate.openlane.com.

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SOURCE OPENLANE, Inc.

FAQ

When will OPENLANE change its ticker from KAR to OPLN?

The ticker change will take effect at the open of trading on December 26, 2025.

Do OPENLANE shareholders need to take any action for the KAR to OPLN change?

No action is required by stockholders; existing KAR shares will trade under OPLN automatically.

What is the reason for OPENLANE changing its NYSE symbol to OPLN?

The company said the change aligns the investor ticker with the OPENLANE corporate brand after its rebrand and transformation.

Will OPENLANE’s ticker change affect its listing or trading status on the NYSE?

The announcement only changes the ticker symbol; it does not indicate any change to the company’s NYSE listing status.

How can investors confirm the OPENLANE ticker change on December 26, 2025?

Investors can confirm the change through their broker, NYSE listings, or OPENLANE investor relations contacts.

Who can analysts or media contact about OPENLANE’s ticker change?

Media inquiries can be directed to Laurie Dippold and analyst/investor inquiries to Bill Wright via the provided OPENLANE contacts.