Ranger Investment Management L.P. Makes New Investment in Openlane $OPLN

Ranger Investment Management L.P. bought a new stake in Openlane (NYSE:OPLN) during the 2nd quarter, HoldingsChannel reports. The fund bought 440,010 shares of the company’s stock, valued at approximately $18,146,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Openlane by 94.2% during the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock worth $40,000 after buying an additional 475 shares during the last quarter. Allworth Financial LP bought a new position in Openlane in the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. acquired a new position in Openlane during the fourth quarter worth about $39,000. Fifth Third Bancorp acquired a new position in Openlane during the fourth quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Openlane during the fourth quarter worth about $42,000. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

OPLN has been the topic of a number of research reports. Robert W. Baird set a $40.00 target price on shares of Openlane in a research note on Wednesday, May 6th. Bank of America raised their price objective on Openlane from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Barclays boosted their price objective on Openlane from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Zacks Research upgraded Openlane from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Openlane Stock Down 0.2%

Shares of Openlane stock opened at $33.34 on Monday. The stock’s 50-day moving average is $38.75 and its 200 day moving average is $33.97. Openlane has a one year low of $24.32 and a one year high of $42.90. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -39.22, a PEG ratio of 2.05 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The company had revenue of $554.60 million during the quarter. The business’s revenue was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Equities research analysts anticipate that Openlane will post 1.45 EPS for the current year.

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.