News & Videos - OPENLANE INC.

KAR Announces SEC Declares IAA, Inc. Form 10 Effective PR Newswire CARMEL, Ind., June 14, 2019 CARMEL, Ind. , June 14, 2019 /PRNewswire/ -- KAR Auction Services Inc. (NYSE: KAR) ("KAR") announced today that the Securities and Exchange Commission (SEC) has declared IAA, Inc.'s ("IAA") Registration Statement on Form 10 effective. As previously announced, the distribution is expected to be made at 12:01 a.m. Eastern Daylight Time ("EDT") on June 28, 2019 , to KAR common stockholders of record as of...

KAR Launches State-of-the-Art Data Science Pricing Tool for Commercial Consignment Customers "Pricing Insights" Is the Latest Entry in the DRIVIN Insights™ Product Suite PR Newswire CARMEL, Ind., June 6, 2019 CARMEL, Ind. , June 6, 2019 /PRNewswire/ -- KAR Auction Services Inc. (NYSE: KAR) launches its DRIVIN-powered Pricing Insights, a robust, data-driven solution that helps commercial consignors maximize the net economics of their portfolios through optimized pricing. This newest product in...

KAR Board of Directors Approves IAA Salvage Auction Business Spin-Off Date - June 18, 2019 Distribution Date - June 28, 2019 IAA expects to begin "regular-way" trading on the NYSE on June 28, 2019, under the ticker IAA PR Newswire CARMEL, Ind., June 5, 2019 CARMEL, Ind. , June 5, 2019 /PRNewswire/ -- KAR Auction Services Inc. (NYSE: KAR) announced today that its board of directors (the "Board") formally approved the separation of its salvage auction business from KAR through a distribution of...

CarsArrive Auto Relocation Offers Consumer-Direct Car-Shipping Services Website Lets Consumers Arrange Vehicle Transportation in Three Easy Steps PR Newswire CARMEL, Ind., June 4, 2019 CARMEL, Ind. , June 4, 2019 /PRNewswire/ -- CarsArrive Network, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), launches its consumer-direct vehicle transportation and logistics services. This new retail relocation business, called CarsArrive...

KAR Auction Services Announces Participation in Upcoming Investor Conference PR Newswire CARMEL, Ind., May 29, 2019 CARMEL, Ind. , May 29, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: RW Baird's 2019 Global Consumer, Technology & Services Conference Jim Hallett , chairman and chief executive officer, Eric Loughmiller , executive vice president...

KAR Joins Mobility Open Blockchain Initiative (MOBI) Working Group on Electric Vehicle Grid Integration (EVGI) Only Automotive Remarketer to Help Develop Potential EV Use Case Pilots PR Newswire CARMEL, Ind., May 28, 2019 CARMEL, Ind. , May 28, 2019 /PRNewswire/ -- KAR Auction Services Inc., announces its participation in the Mobility Open Blockchain Initiative (MOBI) Electric Vehicle Grid Integration (EVGI) working group alongside representatives from Accenture, GM and Honda. MOBI is a...

IAA Announces Pricing and Upsizing of Senior Notes Offering PR Newswire CARMEL, Ind., May 22, 2019 CARMEL, Ind. , May 22, 2019 /PRNewswire/ -- IAA Spinco Inc. (to be renamed IAA, Inc.) ("IAA") announced today that it has priced its previously announced offering of 5.500% senior notes due 2027 (the "notes"), in connection with the previously announced spin-off of IAA from KAR Auction Services, Inc. (NYSE: KAR) ("KAR"). The size of the offering has been increased from $400 million to $500 million...

Recovery Database Network Launches Industry-First All-in-One Solution for Tracking Repossession Status "On-Hook Status" Feature Integrates RDN with Clearplan to Provide Lenders with Instantaneous Notifications PR Newswire CARMEL, Ind., May 21, 2019 CARMEL, Ind. , May 21, 2019 /PRNewswire/ -- Recovery Database Network (RDN), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the launch of an industry-first, all-in-one...

OPENLANE® Celebrates Two Decades of Pioneering Upstream Remarketing 20th Anniversary Marked by Enhanced Technology, Tools and User Experience Releases PR Newswire CARMEL, Ind., May 14, 2019 CARMEL, Ind. , May 14, 2019 /PRNewswire/ -- KAR Auction Services, Inc., announces the 20-year anniversary of OPENLANE ® , the world's largest, most trusted and most utilized upstream remarketing platform for OEM, captive finance, financial institution and fleet customers. OPENLANE provides data analytics...

KAR Auction Services, Inc. Reports First Quarter 2019 Financial Results KAR Announces Dividend of $0.35 per Common Share PR Newswire CARMEL, Ind., May 7, 2019 CARMEL, Ind. , May 7, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for the period ended March 31, 2019 . For the first quarter of 2019, the company reported revenue of $1,046.8 million as compared with revenue of $950.5 million for the first quarter of 2018, an increase of...

KAR Auction Services, Inc. to Announce First Quarter 2019 Earnings PR Newswire CARMEL, Ind., April 23, 2019 CARMEL, Ind. , April 23, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its first quarter 2019 earnings on Tuesday, May 7 , 2019. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Wednesday, May 8, 2019 at 11:00 a.m. Eastern ( 10:00 a.m. Central). The call will be hosted by KAR Auction Services,...

KAR Announces 2019 Jefferson Awards Recipient Honoree's Initiative Has Impacted Hundreds of Military Children PR Newswire CARMEL, Ind., April 18, 2019 CARMEL, Ind. , April 18, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider announces its 2019 Jefferson Awards recipient, David Gonzalez . Multiplying Good, formerly The Jefferson Awards Foundation, is the nation's leading nonprofit organization dedicated to fueling personal...

KAR Receives Favorable IRS Private Letter Ruling on Tax-Free Nature of Its Previously Announced Salvage Auction Business Spin-Off PR Newswire CARMEL, Ind., April 1, 2019 CARMEL, Ind. , April 1, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it has received a favorable private letter ruling from the Internal Revenue Service (the "IRS") with respect to the tax-free status of its previously announced spin-off of its Insurance Auto Auctions ("IAA") salvage auction...

IAA Invests in Innovation Hub at 1871 -- North America's Largest Tech Accelerator Center IAA Engine HouseTM Is First Automotive Industry and Insurance Claims Partner at 1871 PR Newswire WESTCHESTER, Ill., March 27, 2019 WESTCHESTER, Ill. , March 27, 2019 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), announces an insurance claims and remarketing industry first — its...

KAR Auction Services, Inc. Reports 2018 Financial Results - Revenue increase drives strong 2018 results - KAR continues rollout of TradeRev and volume doubles - Repurchased approximately 1.8 million shares of common stock in the open market for $100 million in the fourth quarter of 2018 PR Newswire CARMEL, Ind., Feb. 19, 2019 CARMEL, Ind. , Feb. 19, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31,...

KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2018 Earnings PR Newswire CARMEL, Ind., Feb. 5, 2019 CARMEL, Ind. , Feb. 5, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its fourth quarter and full year 2018 earnings on Tuesday, February 19 , 2019. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Wednesday, February 20, 2019 at 11:00 a.m. Eastern ( 10:00 a.m. Central). The call...

KAR Finalizes Acquisition of Europe-based CarsOnTheWeb PR Newswire CARMEL, Ind., Jan. 31, 2019 CARMEL, Ind. , Jan. 31, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services company, announced the completion of its acquisition of Belgium -based CarsOnTheWeb (COTW). The acquisition advances KAR's international strategy and extends its North American and U.K.-based portfolio to Continental Europe. COTW provides a robust online wholesale...

KAR Launches Suite of Data Science Capabilities Aimed at Optimizing Dealer Profitability DaaS Integration Significantly Streamlines Dealer Remarketing Journey PR Newswire SAN FRANCISCO and CARMEL, Ind., Jan. 25, 2019 SAN FRANCISCO and CARMEL, Ind. , Jan. 25, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announced the launch of a pilot program for its Data as a Service (DaaS) suite of capabilities during the Auto...

Peter Kelly Named President of KAR Auction Services, Inc. Digital Innovator to Lead Aligned Operations, Service Excellence and Business Evolution PR Newswire CARMEL, Ind., Jan. 8, 2019 CARMEL, Ind. , Jan. 8, 2019 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR) a global automotive remarketing and technology services provider, announced the promotion of Peter Kelly to the newly created role of president. The appointment comes after several years of strategic investments and acquisitions...

KAR Strengthens Asset Recovery Capabilities with Consolidated Management Team Recovery Database Network Joins Clearplan to Create Unified Business Unit PR Newswire CARMEL, Ind., Dec. 11, 2018 CARMEL, Ind. , Dec. 11, 2018 /PRNewswire/ -- KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announced a consolidated management team for its software as a service businesses Recovery Database Network (RDN) and recently acquired Reno, Nevada -based...