Openlane $OPLN is Sunriver Management LLC’s 4th Largest Position

Sunriver Management LLC increased its holdings in shares of Openlane (NYSE:OPLN) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,518,196 shares of the company’s stock after acquiring an additional 19,634 shares during the period. Openlane makes up 7.5% of Sunriver Management LLC’s investment portfolio, making the stock its 4th largest holding. Sunriver Management LLC owned about 1.43% of Openlane worth $44,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OPLN. Salomon & Ludwin LLC bought a new position in shares of Openlane during the fourth quarter valued at approximately $26,000. First Horizon Corp bought a new stake in shares of Openlane in the 4th quarter worth approximately $27,000. Allworth Financial LP bought a new stake in shares of Openlane in the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Openlane in the 4th quarter worth approximately $39,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Openlane in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Tobin P. Richer sold 66,709 shares of Openlane stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $2,386,180.93. Following the completion of the sale, the executive vice president directly owned 28,697 shares in the company, valued at approximately $1,026,491.69. This trade represents a 69.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total value 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. This trade represents a 21.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 111,972 shares of company stock valued at $4,018,932. Company insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OPLN. JPMorgan Chase & Co. raised Openlane from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $38.00 in a research report on Wednesday, May 27th. Barclays increased their target price on Openlane from $40.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Research upgraded Openlane from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

Openlane Trading Up 0.8%

OPLN stock opened at $39.30 on Friday. The company has a market cap of $4.16 billion, a PE ratio of -38.53, a PEG ratio of 2.31 and a beta of 1.26. 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 current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day simple moving average of $38.49.

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