Quantbot Technologies LP Invests $783,000 in Openlane $OPLN

Quantbot Technologies LP acquired a new stake in Openlane (NYSE:OPLN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,982 shares of the company’s stock, valued at approximately $783,000.

A number of other institutional investors also recently added to or reduced their stakes in OPLN. Allworth Financial LP acquired a new position in Openlane during the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Openlane in the 4th quarter valued at approximately $39,000. Fifth Third Bancorp purchased a new stake in shares of Openlane in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc boosted its stake in shares of Openlane by 94.2% in the second quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock valued at $40,000 after buying an additional 475 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Openlane in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Activity at Openlane

In other Openlane news, CEO Peter J. Kelly acquired 14,830 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $33.72 per share, with a total value of $500,067.60. Following the purchase, the chief executive officer owned 14,830 shares in the company, valued at approximately $500,067.60. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on OPLN. Bank of America increased their price objective on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Northcoast Research set a $50.00 target price on shares of Openlane in a research report on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of Openlane in a research note on Thursday, June 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a report on Friday, May 29th. Finally, Barclays increased their price target on shares of Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. 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 stock currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Openlane Stock Performance

Shares of OPLN stock opened at $34.62 on Thursday. The stock has a fifty day moving average price of $38.53 and a 200 day moving average price of $34.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $4.25 billion, a PE ratio of -40.73, a P/E/G ratio of 2.11 and a beta of 1.28. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90.

Openlane (NYSE:OPLN) last posted its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share 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 for the quarter. Openlane’s revenue for the quarter was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Sell-side analysts forecast that Openlane will post 1.45 earnings per share for the current fiscal 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.