Northwestern Mutual Wealth Management Co. Acquires New Holdings in Openlane $OPLN

Northwestern Mutual Wealth Management Co. acquired a new stake in Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 138,632 shares of the company’s stock, valued at approximately $4,128,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OPLN. Vanguard Group Inc. bought a new position in Openlane in the 4th quarter valued at approximately $348,271,000. Paradice Investment Management LLC bought a new position in Openlane in the 4th quarter valued at approximately $23,837,000. M&T Bank Corp bought a new position in Openlane in the 4th quarter valued at approximately $11,642,000. Nicholas Company Inc. bought a new position in Openlane in the 4th quarter valued at approximately $6,380,000. Finally, UBS Group AG bought a new position in Openlane in the 4th quarter valued at approximately $2,582,000. Institutional investors own 99.76% of the company’s stock.

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 on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Clyde Mitchell sold 6,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $36.04, for a total transaction of $234,260.00. Following the transaction, the insider directly owned 15,914 shares of the company’s stock, valued at $573,540.56. The trade was a 29.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,972 shares of company stock worth $4,018,932 over the last ninety days. Insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OPLN. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings downgraded shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Openlane Stock Performance

OPLN stock opened at $35.40 on Monday. The company’s fifty day simple moving average is $31.21. The company has a market capitalization of $3.75 billion, a P/E ratio of -34.70, a P/E/G ratio of 1.83 and a beta of 1.22. Openlane has a 52-week low of $21.84 and a 52-week high of $38.52. 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 (NYSE:OPLN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm 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%. Openlane’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, sell-side analysts forecast that Openlane will post 1.3 earnings per share for the current fiscal 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.