Openlane (NYSE:OPLN) Stock Rating Upgraded by Northcoast Research

Openlane (NYSE:OPLN) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $34.00 price target on the stock. Northcoast Research’s price target points to a potential upside of 16.66% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Barclays upped their price target on shares of Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Stephens boosted their price target on Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Weiss Ratings downgraded Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Zacks Research lowered Openlane from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Openlane from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.

Openlane Trading Up 5.3%

Shares of OPLN stock opened at $29.14 on Monday. The company has a market capitalization of $3.10 billion, a PE ratio of -24.49, a P/E/G ratio of 1.29 and a beta of 1.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $28.46. Openlane has a 1 year low of $17.08 and a 1 year high of $31.78.

Openlane (NYSE:OPLN) last released its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Openlane had a net margin of 9.19% and a return on equity of 12.74%. The company had revenue of $494.30 million for the quarter. During the same period last year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insider Activity

In other news, EVP James P. Coyle sold 88,444 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $28.83, for a total value of $2,549,840.52. Following the completion of the transaction, the executive vice president owned 63,869 shares of the company’s stock, valued at $1,841,343.27. This represents a 58.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Openlane

A number of institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Openlane in the fourth quarter valued at $649,000. North Star Investment Management Corp. bought a new position in Openlane during the fourth quarter worth $47,000. NBC Securities Inc. acquired a new position in Openlane in the fourth quarter valued at $296,000. Cornerstone Investment Partners LLC bought a new stake in Openlane during the fourth quarter valued at $252,000. Finally, TD Waterhouse Canada Inc. bought a new stake in Openlane during the fourth quarter valued at $149,000. 99.76% of the stock is owned by institutional investors.

Openlane Company Profile

Openlane, Inc operates a digital wholesale vehicle marketplace that facilitates the remarketing of used vehicles for commercial consignors and retail dealers. The company provides an online auction platform that enables buyers and sellers to transact in real time, connecting franchised and independent dealers, fleet operators, rental companies, manufacturers and financial institutions. Its marketplace focuses on vehicles from lease returns, fleet and commercial fleets, repossessions and dealer trade-ins.

In addition to the core auction and listing services, Openlane offers a suite of remarketing support services designed to simplify the end-to-end sale process.