147,500 Shares in Openlane $OPLN Bought by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC bought a new position in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 147,500 shares of the company’s stock, valued at approximately $4,393,000. Openlane comprises approximately 1.5% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 25th largest holding. Manatuck Hill Partners LLC owned 0.14% of Openlane at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OPLN. Vanguard Group Inc. bought a new position in Openlane during the 4th quarter worth $348,271,000. Bank of Montreal Can bought a new position in Openlane during the 4th quarter worth $220,158,000. Dimensional Fund Advisors LP bought a new position in Openlane during the 4th quarter worth $200,309,000. State Street Corp bought a new position in Openlane during the 4th quarter worth $127,581,000. Finally, Neuberger Berman Group LLC bought a new position in Openlane during the 4th quarter worth $103,876,000. 99.76% of the stock is owned by institutional investors.

Insider Transactions at Openlane

In related news, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the sale, 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James P. Coyle sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 58,512 shares of the company’s stock, valued at $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 111,972 shares of company stock valued at $4,018,932. 2.22% of the stock is currently owned by corporate insiders.

Openlane Price Performance

Shares of Openlane stock opened at $37.21 on Thursday. Openlane has a one year low of $22.09 and a one year high of $39.26. The company has a market cap of $3.94 billion, a price-to-earnings ratio of -36.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27. The company has a 50-day moving average price of $34.61. 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 issued its earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The business had revenue of $527.90 million during the quarter. During the same period in the previous year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, sell-side analysts expect that Openlane will post 1.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OPLN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Northcoast Research set a $40.00 price objective on Openlane in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised Openlane from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Barclays lifted their price objective on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Openlane 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.