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

Shares of Openlane (NYSE:OPLN) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.6667.

Several brokerages recently commented on OPLN. Northcoast Research set a $40.00 price target on Openlane in a research note on Wednesday, May 6th. Barclays raised their price objective on shares of Openlane from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Bank of America increased their price target on shares of Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th.

Openlane Price Performance

Shares of NYSE OPLN opened at $39.79 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a one year low of $24.10 and a one year high of $42.90. The company has a 50-day moving average price of $39.01. The stock has a market capitalization of $4.22 billion, a P/E ratio of -39.01, a P/E/G ratio of 2.21 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 for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $527.90 million during the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities analysts anticipate that Openlane will post 1.4 EPS for the current year.

Insider Buying and Selling at Openlane

In other Openlane news, insider William Clyde Mitchell sold 6,500 shares of the 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. This represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James P. Coyle sold 15,000 shares of the firm’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 transaction, the executive vice president owned 58,512 shares in the company, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 111,972 shares of company stock valued at $4,018,932. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Openlane

Large investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new position in Openlane during the fourth quarter valued at approximately $26,000. First Horizon Corp acquired a new stake in shares of Openlane in the fourth quarter worth $27,000. Allworth Financial LP bought a new stake in shares of Openlane during the 4th quarter worth $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane during the 4th quarter worth $39,000. Finally, Fifth Third Bancorp acquired a new position in Openlane in the 4th quarter valued at $40,000. 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.