OPLN - OPENLANE • Leverage
Openlane Inc., formerly known as KAR Auction Services, Inc., is a global operator of digital marketplaces for wholesale used vehicles. The company facilitates the buying and selling of used vehicles through its online platforms, serving a diverse customer base that includes vehicle sellers such as fleet operators, rental companies, financial institutions, and dealers, as well as vehicle buyers, primarily franchised and independent dealers. Openlane provides a comprehensive suite of end-to-end remarketing solutions, which include vehicle inspection, reconditioning, titling, transportation, and financing services. These offerings are designed to streamline the wholesale vehicle transaction process, enhancing efficiency, transparency, and data-driven decision-making for its customers. The company operates under various prominent brands, including OPENLANE, ADESA, and TradeRev, with a significant presence in both North American and European markets. The rebranding to Openlane Inc. in May 2023 underscored the company's strategic pivot and commitment to its digital-first approach and innovation within the automotive remarketing sector. Openlane's mission is to leverage technology to create the most trusted, innovative, and efficient digital marketplace for used vehicles, empowering customers to transact with confidence and ease.
1,2
N.D./EBITDA
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
0%
Debt/Equity
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
1,2
Current Ratio
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
1,1
Quick Ratio
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
767,8%
Interest Coverage
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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