Company profile: Openlane
1.1 - Company Overview
Company description
- Provider of an online vehicle auction platform for automotive dealers to buy and sell wholesale vehicles, offering end-to-end auto remarketing solutions for auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions, and wholesale auto auctions, plus inspection reports, account creation and management, customer support, vehicle purchasing services, and analytics.
Products and services
- Inspection Reports: Supplies comprehensive assessments of vehicles available for auction, detailing condition and specifications to enable informed buying and selling decisions
- Online Vehicle Auction Platform: Delivers end-to-end digital marketplace where dealers buy and sell wholesale vehicles, serving auto manufacturers, captive finance companies, lease/daily rental companies, financial institutions, and wholesale auto auctions
- Vehicle Purchasing Services: Offers transaction-supported assistance for buying vehicles through the auction, handling facilitation and documentation to complete purchases efficiently for participating automotive dealers
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Openlane
Tred
HQ: United States
Website
- Description: Provider of a peer-to-peer used car marketplace enabling consumers to buy and sell pre-owned vehicles, supported by a large network of buyers and sellers, advanced technology, and financing options.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Tred company profile →
RideApart
HQ: United States
Website
- Description: Provider of an Edmunds/KBB-style lead generation and data aggregation portal for the $30B powersports industry, offering a comprehensive consumer information vertical that facilitates online sales. Services include motorcycle news, reviews, how-tos, racing coverage, curated lists, and Ask RideApart for expert Q&A.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full RideApart company profile →
Rodo
HQ: United States
Website
- Description: Provider of an automotive technology platform that enables consumers to lease or buy new cars without visiting a dealership, leveraging proprietary technology and thousands of dealer partnerships nationwide to deliver a fast, easy, and transparent experience.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Rodo company profile →
Insurify
HQ: United States
Website
- Description: Provider of auto, home, and life insurance services, and an internet-based software platform focused on car insurance. The platform uses artificial intelligence, language processing, and chatbots to deliver personalized recommendations that help users decide on their car insurance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Insurify company profile →
Zuto
HQ: United Kingdom
Website
- Description: Provider of a web-based car finance platform that connects users with lenders and guides the car-buying journey with one-to-one support. Offers HP, PCP and loans for new and used cars, including options for bad credit, electric vehicles, no deposit and negative equity. Provides vehicle history checks, free valuations, personalized quotes and help finding suitable vehicles.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Zuto company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Openlane
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Buyer group 2: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Openlane
2.2 - Growth funds investing in similar companies to Openlane
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4 - Top valuation comps for Openlane
4.2 - Public trading comparable groups for Openlane
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