3,016,274 Shares in Openlane $OPLN Purchased by Brown Advisory Inc.

Brown Advisory Inc. purchased a new position in Openlane (NYSE:OPLN) in the fourth quarter, HoldingsChannel reports. The fund purchased 3,016,274 shares of the company’s stock, valued at approximately $89,825,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OPLN. Vanguard Group Inc. purchased a new stake in Openlane in the fourth quarter worth about $348,271,000. Bank of Montreal Can purchased a new stake in shares of Openlane during the fourth quarter valued at approximately $220,158,000. Dimensional Fund Advisors LP purchased a new stake in Openlane in the fourth quarter worth approximately $200,309,000. State Street Corp purchased a new stake in Openlane in the fourth quarter worth approximately $127,581,000. Finally, Neuberger Berman Group LLC purchased a new stake in Openlane in the fourth quarter worth approximately $103,876,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Openlane Trading Up 0.3%

Openlane stock opened at $37.93 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.02 billion, a PE ratio of -37.19, a P/E/G ratio of 1.94 and a beta of 1.27. The stock’s 50-day moving average price is $34.11. Openlane has a 12-month low of $22.09 and a 12-month high of $38.87.

Openlane (NYSE:OPLN) last announced its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, analysts forecast that Openlane will post 1.31 EPS for the current year.

Insider Buying and Selling at Openlane

In other news, EVP James P. Coyle sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. Following the completion of the transaction, the executive vice president owned 58,512 shares of the company’s stock, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were 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. The trade was a 21.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 111,972 shares of company stock worth $4,018,932. 2.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OPLN has been the topic of several recent analyst reports. Northcoast Research set a $40.00 price objective on shares of Openlane in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Barclays boosted their price target on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Finally, Robert W. Baird set a $40.00 target price on shares of Openlane in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Openlane currently has an average rating of “Moderate Buy” and an average price target of $40.00.

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.