252,738 Shares in Openlane $OPLN Bought by Clearbridge Investments LLC

Clearbridge Investments LLC purchased a new position in Openlane (NYSE:OPLN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 252,738 shares of the company’s stock, valued at approximately $7,527,000. Clearbridge Investments LLC owned about 0.24% of Openlane as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OPLN. Yousif Capital Management LLC bought a new stake in shares of Openlane during the fourth quarter worth $857,000. Smith Moore & CO. purchased a new position in shares of Openlane during the fourth quarter valued at $448,000. State of Alaska Department of Revenue purchased a new position in shares of Openlane during the fourth quarter valued at $2,211,000. Guidance Capital Inc. purchased a new position in Openlane in the fourth quarter valued at about $770,000. Finally, CWM LLC purchased a new position in Openlane in the fourth quarter valued at about $320,000. 99.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Openlane news, EVP Tobin P. Richer sold 4,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $38.31, for a total value of $153,240.00. Following the completion of the sale, the executive vice president directly owned 24,697 shares in the company, valued at $946,142.07. This represents a 13.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the company’s 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 sale, the executive vice president owned 74,334 shares of the company’s stock, valued at approximately $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 111,972 shares of company stock valued at $4,018,932 in the last quarter. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OPLN. Barclays lifted their target price on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $40.00 target price on Openlane in a report on Wednesday, May 6th. Northcoast Research set a $40.00 target price on Openlane in a report on Wednesday, May 6th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Openlane Stock Performance

Shares of OPLN opened at $36.70 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. Openlane has a one year low of $22.09 and a one year high of $38.82. The stock has a market capitalization of $3.89 billion, a PE ratio of -35.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The stock’s 50 day moving average price is $33.75.

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