Openlane (NYSE:OPLN) Stock Has Consensus Target Price of $43.83 According to Brokerages

Shares of Openlane (NYSE:OPLN) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.83.

A number of equities analysts recently commented on OPLN shares. Bank of America boosted their target price 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. Barclays lifted their price target on Openlane from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Openlane in a research report on Thursday, June 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a report on Wednesday, August 26th. Finally, Wall Street Zen lowered Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Insider Transactions at Openlane

In other Openlane news, CEO Peter Kelly purchased 14,830 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer directly owned 14,830 shares of the company’s stock, valued at $500,067.60. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.22% of the stock is owned by company insiders.

Institutional Trading of Openlane

Several institutional investors have recently modified their holdings of OPLN. Tidal Investments LLC acquired a new stake in Openlane during the 2nd quarter worth $1,130,000. WINTON GROUP Ltd acquired a new position in Openlane in the second quarter valued at $334,000. Integrated Wealth Concepts LLC purchased a new position in shares of Openlane during the second quarter worth about $142,000. IFP Advisors Inc grew its holdings in shares of Openlane by 819.3% during the second quarter. IFP Advisors Inc now owns 4,523 shares of the company’s stock worth $187,000 after purchasing an additional 4,031 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Openlane during the second quarter worth about $46,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Openlane Stock Up 0.1%

Shares of Openlane stock opened at $34.84 on Monday. 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. The company has a market capitalization of $4.28 billion, a P/E ratio of -40.99, a P/E/G ratio of 2.14 and a beta of 1.26. The company has a 50 day moving average of $36.27 and a 200 day moving average of $35.10.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The company had revenue of $554.60 million for the quarter. Openlane’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. As a group, research analysts forecast that Openlane will post 1.45 EPS for the current fiscal year.

About Openlane

OPENLANE, Inc operates a digital wholesale marketplace for used vehicles, connecting automobile dealers, manufacturers, fleet operators, rental companies and other commercial sellers with buyers. The company facilitates vehicle auctions and sales through online platforms and physical auction locations, helping customers source, sell and manage wholesale vehicles.

Its services include online and in-person auctions, vehicle inspections, condition reporting, transportation, title and registration support, reconditioning, and other transaction-related services.