Openlane (NYSE:OPLN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Openlane (NYSE:OPLN) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $40.00.

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Northcoast Research set a $40.00 price objective on shares of Openlane in a report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Openlane from a “neutral” rating to an “overweight” rating and increased their target price for the company from $33.00 to $38.00 in a research note on Wednesday, May 27th. Robert W. Baird set a $40.00 target price on Openlane in a report on Wednesday, May 6th. Finally, Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th.

Openlane Trading Down 0.1%

NYSE OPLN opened at $41.10 on Wednesday. Openlane has a 12 month low of $24.10 and a 12 month high of $42.90. 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 business has a fifty day moving average of $37.19. The stock has a market capitalization of $4.36 billion, a PE ratio of -40.30, a P/E/G ratio of 2.11 and a beta of 1.26.

Openlane (NYSE:OPLN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (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 period in the prior year, the firm earned $0.31 EPS. Openlane’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. As a group, analysts forecast that Openlane will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total transaction of $708,701.18. Following the sale, the executive vice president owned 74,334 shares of the company’s stock, valued at $2,665,617.24. This trade represents a 21.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William Clyde Mitchell sold 6,500 shares of Openlane stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total transaction of $234,260.00. Following the completion of the sale, the insider owned 15,914 shares of the company’s stock, valued at $573,540.56. This represents a 29.00% 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 over the last quarter. Corporate insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Openlane

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of Openlane during the 4th quarter valued at $348,271,000. Bank of Montreal Can bought a new stake in shares of Openlane in the fourth quarter worth $220,158,000. Dimensional Fund Advisors LP bought a new stake in shares of Openlane in the fourth quarter worth $200,309,000. Hawk Ridge Capital Management LP increased its position in Openlane by 72.5% during the first quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock valued at $144,792,000 after acquiring an additional 2,087,200 shares during the last quarter. Finally, State Street Corp bought a new position in Openlane in the fourth quarter valued at about $127,581,000. Institutional investors own 99.76% of the company’s stock.

About Openlane

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.