Brad Lakhia Biography and Net Worth

EVP & Chief Financial Officer of OPENLANE

Brad Lakhia, executive vice president and chief financial officer, leads all financial and reporting functions across OPENLANE, as well as investor relations and the company’s capital investment strategy. A skilled financial operator, Lakhia is charged with harnessing OPENLANE’s data-rich environment to drive performance and accountability while accelerating growth and enhancing value for both customers and stockholders.

Lakhia brings more than 25 years of experience including treasury, financial planning and analysis, business development, mergers and acquisitions, and operational finance within large and complex companies. Most recently, he served as VP Finance, Americas for The Goodyear Tire & Rubber Company, the company’s largest business unit representing over $10 billion in revenue, where he helped lead the business to deliver significant long-term structural cost reductions while navigating unprecedented industry volatility. Prior to Goodyear, he held leadership roles with Andeavor (formerly Tesoro and now part of Marathon Petroleum Corporation) overseeing business planning and analysis as well as treasury and credit.

Lakhia holds a bachelor of science degree in accounting from The Ohio State University, a master of business administration in finance from Case Western Reserve University, and is a non-practicing CPA.

What is Brad S. Lakhia's net worth?: The estimated net worth of Brad S. Lakhia is at least $275,547.30 as of November 13th, 2024. Mr. Lakhia owns 14,303 shares of OPENLANE stock worth more than $275,547 as of March 30th. This net worth approximation does not reflect any other assets that Mr. Lakhia may own. Learn More about Brad S. Lakhia's net worth.
How do I contact Brad S. Lakhia?: The corporate mailing address for Mr. Lakhia and other OPENLANE executives is 11299 N. Illinois Street, CARMEL IN, 46032. OPENLANE can also be reached via phone at (800) 923-3725 and via email at mike.eliason@karauctionservices.com. Learn More on Brad S. Lakhia's contact information.
Has Brad S. Lakhia been buying or selling shares of OPENLANE?: Brad S. Lakhia has not been actively trading shares of OPENLANE during the last quarter. Most recently, on Wednesday, November 13th, Brad S. Lakhia bought 4,985 shares of OPENLANE stock. The stock was acquired at an average cost of $20.06 per share, with a total value of $99,999.10. Following the completion of the transaction, the chief financial officer now directly owns 14,303 shares of the company's stock, valued at $286,918.18. Learn More on Brad S. Lakhia's trading history.
Who are OPENLANE's active insiders?: OPENLANE's insider roster includes James Coyle (EVP & President, Marketplaces), Peter Kelly (CEO), and Brad Lakhia (EVP & Chief Financial Officer). Learn More on OPENLANE's active insiders.
Are insiders buying or selling shares of OPENLANE?: In the last twelve months, OPENLANE insiders bought shares 1 times. They purchased a total of 4,985 shares worth more than $99,999.10. In the last twelve months, insiders at the specialty retailer sold shares 1 times. They sold a total of 6,000 shares worth more than $108,540.00. The most recent insider tranaction occured on November, 13th when CFO Brad S Lakhia bought 4,985 shares worth more than $99,999.10. Insiders at OPENLANE own 2.3% of the company. Learn More about insider trades at OPENLANE.
Information on this page was last updated on 11/13/2024.

Brad S. Lakhia Insider Trading History at OPENLANE

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
11/13/2024	Buy	4,985	$20.06	$99,999.10	14,303

Brad S. Lakhia Buying and Selling Activity at OPENLANE

OPENLANE Company Overview

OPENLANE, Inc., together with its subsidiaries, operates as a digital marketplace for used vehicles, which connects sellers and buyers in North America, Europe, the Philippines, and Uruguay. The company operates through two segments, Marketplace and Finance. The Marketplace segment offers digital marketplace services for buying and selling used vehicles. Its digital marketplaces include OPENLANE, a mobile-app enabled solutions that allows dealers to sell and source inventory in the United States. This segment also provides value-added ancillary services, including inbound and outbound transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. This segment sells its products and services through vehicle manufacturers, fleet companies, rental car companies, finance companies, and others. The Finance segment offers floorplan financing, a short-term inventory-secured financing to independent used vehicle dealers. The company serves commercial customers and dealer customers. The company was formerly known as KAR Auction Services, Inc. and changed its name to OPENLANE, Inc. in May 2023. OPENLANE, Inc. was incorporated in 2006 and is headquartered in Carmel, Indiana.

Today's Range

Now: $19.27

$19.00

$19.47

50 Day Range

MA: $20.78

$19.27

$22.34

2 Week Range

Now: $19.27

$15.44

$22.47

Volume

930,092 shs

Average Volume

720,334 shs

Market Capitalization

$2.06 billion

P/E Ratio

36.35

Dividend Yield

N/A

Beta

1.53