Bailard Inc. Purchases New Holdings in Openlane $OPLN

Bailard Inc. purchased a new stake in shares of Openlane (NYSE:OPLN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,100 shares of the company’s stock, valued at approximately $688,000.

A number of other hedge funds have also added to or reduced their stakes in OPLN. Vanguard Group Inc. purchased a new stake in shares of Openlane in the 4th quarter worth approximately $348,271,000. Paradice Investment Management LLC purchased a new stake in shares of Openlane in the 4th quarter worth approximately $23,837,000. M&T Bank Corp purchased a new stake in shares of Openlane in the 4th quarter worth approximately $11,642,000. Nicholas Company Inc. purchased a new stake in shares of Openlane in the 4th quarter worth approximately $6,380,000. Finally, UBS Group AG purchased a new stake in shares of Openlane in the 4th quarter worth approximately $2,582,000. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OPLN shares. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings cut shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Northcoast Research set a $40.00 price target on shares of Openlane in a research report on Wednesday, May 6th. Finally, Stephens upped their price target on shares of Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were 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 approximately $1,841,343.27. This trade represents a 58.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the transaction, the executive vice president directly owned 74,334 shares of the company’s stock, valued at approximately $2,665,617.24. This represents a 21.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 193,916 shares of company stock valued at $6,334,513. Insiders own 2.22% of the company’s stock.

Openlane Stock Up 0.3%

NYSE:OPLN opened at $35.73 on Friday. Openlane has a 52 week low of $21.84 and a 52 week high of $38.52. The company’s 50 day moving average price is $30.43. 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 stock has a market capitalization of $3.79 billion, a PE ratio of -35.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22.

Openlane (NYSE:OPLN) last posted its earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $527.90 million during the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, analysts expect that Openlane will post 1.3 EPS for the current year.

Openlane 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.