Openlane (NYSE:OPLN) Given Consensus Rating of “Moderate Buy” by Brokerages

Openlane (NYSE:OPLN) has been given an average rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.00.

OPLN has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of Openlane in a research note on Thursday. JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and raised their price target for the company from $33.00 to $38.00 in a research note on Wednesday, May 27th. Finally, Robert W. Baird set a $40.00 price target on shares of Openlane in a research note on Wednesday, May 6th.

Insider Buying and Selling at Openlane

In other news, insider William Clyde Mitchell sold 6,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $36.04, for a total transaction of $234,260.00. Following the completion of the transaction, the insider owned 15,914 shares of the company’s stock, valued at approximately $573,540.56. This trade represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James P. Coyle sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total transaction of $536,550.00. Following the transaction, the executive vice president directly owned 58,512 shares of the company’s stock, valued at $2,092,974.24. The trade was a 20.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,972 shares of company stock worth $4,018,932 over the last ninety days. Insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Openlane

Several large investors have recently modified their holdings of the business. Salomon & Ludwin LLC bought a new position in Openlane during the fourth quarter worth $26,000. First Horizon Corp bought a new position in Openlane during the fourth quarter worth $27,000. Allworth Financial LP bought a new position in Openlane during the fourth quarter worth $38,000. Nomura Asset Management Co. Ltd. bought a new position in Openlane during the fourth quarter worth $39,000. Finally, Fifth Third Bancorp bought a new position in Openlane during the fourth quarter worth $40,000. Institutional investors own 99.76% of the company’s stock.

Openlane Price Performance

Shares of Openlane stock opened at $37.93 on Friday. Openlane has a fifty-two week low of $22.09 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of -37.19, a P/E/G ratio of 1.99 and a beta of 1.27. The company has a 50 day moving average of $34.11.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm had revenue of $527.90 million for the quarter. During the same quarter in the prior year, the business earned $0.31 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, analysts expect that Openlane will post 1.31 earnings per share for the current year.

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.