26,307 Shares in Openlane $OPLN Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Openlane (NYSE:OPLN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,307 shares of the company’s stock, valued at approximately $783,000.

A number of other large investors have also bought and sold shares of OPLN. Yousif Capital Management LLC purchased a new stake in Openlane in the fourth quarter worth $857,000. Smith Moore & CO. purchased a new stake in Openlane in the fourth quarter worth $448,000. State of Alaska Department of Revenue purchased a new stake in Openlane in the fourth quarter worth $2,211,000. Guidance Capital Inc. purchased a new stake in Openlane in the fourth quarter worth $770,000. Finally, CWM LLC purchased a new stake in Openlane in the fourth quarter worth $320,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OPLN shares. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Robert W. Baird set a $40.00 target price on Openlane in a research report on Wednesday, May 6th. Barclays raised their target price on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Finally, Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Insider Buying and Selling

In other news, EVP Tobin P. Richer sold 66,709 shares of Openlane stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $2,386,180.93. Following the completion of the transaction, the executive vice president directly owned 28,697 shares in the company, valued at approximately $1,026,491.69. The trade was a 69.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of Openlane stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total value of $708,701.18. Following the completion of the transaction, the executive vice president owned 74,334 shares of the company’s stock, valued at approximately $2,665,617.24. This trade represents a 21.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,972 shares of company stock valued at $4,018,932 in the last ninety days. 2.22% of the stock is owned by company insiders.

Openlane Stock Performance

Shares of NYSE OPLN opened at $37.18 on Wednesday. The stock has a market capitalization of $3.94 billion, a PE ratio of -36.45, a PEG ratio of 1.87 and a beta of 1.27. Openlane has a fifty-two week low of $22.09 and a fifty-two week high of $38.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $33.57.

Openlane (NYSE:OPLN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $527.90 million during the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.Openlane’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, sell-side analysts predict that Openlane will post 1.31 EPS 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.