113,831 Shares in Openlane $OPLN Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Openlane (NYSE:OPLN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 113,831 shares of the company’s stock, valued at approximately $4,716,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OPLN. CWM LLC acquired a new position in shares of Openlane in the 4th quarter valued at $320,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Openlane in the 4th quarter valued at about $649,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Openlane in the 4th quarter valued at about $472,000. Arizona State Retirement System acquired a new position in Openlane in the fourth quarter valued at about $880,000. Finally, Vanguard Group Inc. acquired a new position in Openlane in the fourth quarter valued at about $348,271,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $38.00 in a report on Wednesday, May 27th. Zacks Research raised Openlane from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Stephens restated an “overweight” rating and set a $42.00 price target on shares of Openlane in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Insider Buying and Selling

In related news, CEO Peter J. Kelly purchased 14,830 shares of the business’s stock in a transaction on Monday, August 24th. The shares were bought at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the acquisition, the chief executive officer directly owned 14,830 shares in the company, valued at $500,067.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.22% of the stock is owned by insiders.

Openlane Stock Performance

Shares of OPLN stock opened at $35.11 on Friday. The firm has a 50 day moving average of $38.42 and a two-hundred day moving average of $34.13. The stock has a market capitalization of $4.31 billion, a PE ratio of -41.31, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Openlane has a 52 week low of $24.32 and a 52 week high of $42.90.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $554.60 million for the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. On average, research analysts predict that Openlane will post 1.45 EPS for the current fiscal year.

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.