OPENLANE Appoints David Hult, Former Asbury Automotive CEO, to Board of Directors
OPLN sits 66% above its 52-week low of $22.09.
Summary
OPENLANE, Inc. has expanded its Board of Directors to ten members and appointed David Hult, former President and CEO of Asbury Automotive Group, as a new director.
Key Events · Executive and Board Changes · OPLN
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New Director Appointed
David Hult was elected to the Board of Directors, effective June 12, 2026.
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Board Expansion
The Board of Directors increased its size to ten members to accommodate the new appointment.
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Experienced Automotive Executive Joins
Mr. Hult brings significant industry experience, having served as Executive Chairman and previously President and CEO of Asbury Automotive Group, Inc. (NYSE: ABG).
Analysis · OPLN · Trade & Services
The appointment of David Hult, a seasoned executive with extensive experience in automotive retail, strengthens OPENLANE's board with valuable industry expertise. His background as Executive Chairman and former CEO of Asbury Automotive Group could provide strategic guidance as OPENLANE navigates the evolving automotive marketplace.
At the time of this filing, OPLN was trading at $36.77 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $22.09 to $38.87. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.