Openlane

KAR • NYSE

Openlane is a auto - dealerships company in the consumer cyclical sector on NYSE, led by Peter J. Kelly, with a market cap of $3.0B. As of Q3 2025, 100% of shares are held by 282 institutional investors, with BlackRock, Inc. as the largest holder at 14.44%.

Chief Executive OfficerPeter J. Kelly

Market Cap$3.0B

Auto - Dealerships

Consumer Cyclical

Websitecorporate.openlane.com

Country

United States of America

Overview

Overview of institutional ownership in KAR as of Q3 2025 with a market cap of $3.1B

All Institutions

Institutions: 282
Value Held: $3.1B
Shares Held: 106.9M
Avg Position: $10.9M
Median Position: $800.6K

Hedge Funds

Hedge Funds: 44
Value Held: $324.8M
Shares Held: 11.3M
Avg Position: $7.4M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

89.72%

$2.7B

Hedge Funds

10.62%

$324.8M

Retail & Other

Based on market cap of $3.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KAR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$441.9M 0.01% of portfolio	14.44% 15.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$336.5M 0.01% of portfolio	11.00% 11.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	$245.2M 2.31% of portfolio	7.97% 8.5M shares	Q1 2020 Held for 5y 8m	$10.6B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$192.0M 0.04% of portfolio	6.27% 6.7M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$121.5M 0.00% of portfolio	3.97% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
N Neuberger Berman Group LLC Institution	-	$101.5M 0.07% of portfolio	3.32% 3.5M shares	Q3 2017 Held for 8y 2m	$136.94B
B BROWN ADVISORY INC RIA/Wealth	David Alan Miller Founder	$92.2M 0.12% of portfolio	3.01% 3.2M shares	Q4 2024 Held for 11 months	$74.0B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$88.4M 0.01% of portfolio	2.89% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
A AMERICAN CENTURY COMPANIES INC Institution	-	$85.7M 0.04% of portfolio	2.80% 3.0M shares	Q3 2020 Held for 5y 2m	$195.93B
FMR LLC Institution	-	$80.6M 0.00% of portfolio	2.64% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T

Net Capital Flow

Institutional buying and selling activity for KAR in Q3 2025

Traded: −$81.2M
Buyers: 142
Sellers: 131
Total Bought: +$324.6M
Total Sold: −$405.8M
Avg Position: $9.7M

Biggest Buyers

Institution	Net Bought	Current Position
Invesco Ltd. ETF Provider	+$59.4M +2.1M shares	$88.4M 3.1M shares
FMR LLC Institution	+$56.9M +2.0M shares	$80.6M 2.8M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$18.4M +640.6K shares	$85.7M 3.0M shares
B BROWN ADVISORY INC RIA/Wealth	+$15.6M +540.8K shares	$92.2M 3.2M shares
Q Qube Research & Technologies Ltd Institution	+$12.4M +429.4K shares	$22.7M 787.0K shares
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	+$11.9M +414.8K shares	$14.2M 494.8K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$11.1M +384.6K shares	$11.8M 410.7K shares
Woodline Partners LP Hedge Fund•Long/Short	+$11.0M +380.5K shares	$11.0M 380.5K shares
J JANE STREET GROUP, LLC Institution	+$10.5M +363.6K shares	$11.2M 390.2K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$10.2M +355.8K shares	$10.2M 355.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
HARRIS ASSOCIATES L P Long Only Manager	−$54.9M −1.9M shares	$48.5M 1.7M shares
Burgundy Asset Management Ltd. Long Only Manager	−$52.9M −1.8M shares	$245.2M 8.5M shares
River Road Asset Management, LLC Long Only Manager	−$47.2M −1.6M shares	$27.9M 970.7K shares
Paradice Investment Management LLC Long Only Manager	−$34.2M −1.2M shares	$24.4M 846.2K shares
Hawk Ridge Management LLC Hedge Fund•Long/Short	−$28.1M −975.6K shares	$69.1M 2.4M shares
CADIAN CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	−$27.0M −938.7K shares	$33.6M 1.2M shares
Sunriver Management LLC Hedge Fund•Long/Short	−$22.3M −775.6K shares	$42.9M 1.5M shares
D D. E. Shaw & Co., Inc. Institution	−$16.5M −572.1K shares	$23.9M 829.3K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$11.2M −390.1K shares	$192.0M 6.7M shares
Marathon Asset Mgmt Ltd Long Only Manager	−$11.0M −381.8K shares	$30.7M 1.1M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited KAR in Q3 2025

New Positions: 21
New Value: $33.1M
Exited Positions: 32
Exited Value: $22.3M

New Positions

Institution	Position Value
Woodline Partners LP Hedge Fund•Long/Short	$11.0M 380.5K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	$10.2M 355.8K shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$6.4M 222.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$1.2M 40.7K shares
Horizon Investments, LLC/SC Long Only Manager	$1.0M 36.3K shares
B Brevan Howard Capital Management LP Institution	$636.0K 22.1K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$575.8K 20.0K shares
S Systematic Alpha Investments, LLC RIA/Wealth	$523.8K 18.2K shares
E Ethic Inc. RIA/Wealth	$302.3K 10.5K shares
Measured Wealth Private Client Group, LLC RIA/Wealth	$300.6K 10.4K shares

Exited Positions

Institution	Previous Position
W Winton Capital Group Ltd Institution	$3.9M 158.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.2M 129.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.9M 118.9K shares
Marshall Wace LLP Institution	$2.7M 110.7K shares
MACKENZIE FINANCIAL CORP Long Only Manager	$1.8M 74.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 57.4K shares
JENNISON ASSOCIATES LLC Long Only Manager	$1.0M 42.9K shares
A AXA Institution	$955.6K 39.1K shares
O OPTIONS SOLUTIONS, LLC Hedge Fund•Sector	$751.1K 30.7K shares
E Elo Mutual Pension Insurance Co Institution	$657.9K 26.9K shares

Options Activity

Institutions with the largest Call and Put options positions in KAR as of Q3 2025

Call Positions: 4
Call Value: $1.8M
Put Positions: 5
Put Value: $650.4K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.3M 462.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$339.6K 118.0 contracts
Walleye Trading LLC RIA/Wealth	$129.5K 45.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$362.6K 126.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$215.9K 75.0 contracts
Walleye Trading LLC RIA/Wealth	$72.0K 25.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

Institutions with KAR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T TFJ Management, LLC Hedge Fund•Long/Short	Adam Marc Fisher Managing Partner	11.99% $17.8M	0.58% 618.3K shares	Q4 2024 Held for 11 months	$148.4M
Paradice Investment Management LLC Long Only Manager	Kevin Paul Beck President	5.46% $24.4M	0.80% 846.2K shares	Q1 2021 Held for 4y 8m	$445.9M
Sunriver Management LLC Hedge Fund•Long/Short	Randolph Willett Cook Founder	4.66% $42.9M	1.40% 1.5M shares	Q3 2023 Held for 2y 2m	$920.0M
ADVISORY RESEARCH INC Long Only Manager	Matthew Kent Swaim CEO	3.85% $29.3M	0.96% 1.0M shares	Q4 2024 Held for 11 months	$761.4M
CLIFFORD CAPITAL PARTNERS LLC Long Only Manager	Roger Allen Hill CEO	3.54% $20.5M	0.67% 710.9K shares	Q3 2024 Held for 1y 2m	$578.6M
Hawk Ridge Management LLC Hedge Fund•Long/Short	David Graham Brown CIO	3.24% $69.1M	2.26% 2.4M shares	Q3 2021 Held for 4y 2m	$2.1B
TradeLink Capital LLC Hedge Fund•Event Driven	Steven Wesley Wolf CEO	3.08% $370.4K	0.01% 12.9K shares	Q2 2025 Held for 5 months	$12.0M
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	2.31% $245.2M	7.97% 8.5M shares	Q1 2020 Held for 5y 8m	$10.6B
S Sapience Investments, LLC Long Only Manager	Samir (Nmn) Sikka CEO	2.25% $574.3K	0.02% 20.0K shares	Q4 2016 Held for 8y 11m	$25.5M
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	Mark David Coe Managing Partner	2.16% $14.2M	0.47% 494.8K shares	Q2 2025 Held for 5 months	$658.6M

Hedge Fund Spotlight

Discover hedge funds investing in KAR

Woodline Partners LP

Hedge Fund • Long/Short

Portfolio ManagerKarl Heinz Kroeker

Portfolio Value: $21.3B
Positions: 868
Last Reported: Q3 2025

Sector Allocation

Position in Openlane

Market Value: $11.0M
Shares Held: 380.5K
Portfolio Weight: 0.05%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$615.5M	2.90%
2 Nvidia NVDA	Semiconductors Technology	$603.3M	2.84%
3 Apple AAPL	Consumer Electronics Technology	$522.1M	2.46%