Openlane (NYSE:OPLN) Stock Has Average Target Price of $43.83 According to Analysts

Openlane (NYSE:OPLN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.83.

OPLN has been the subject of a number of recent research reports. Wall Street Zen cut shares of Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research cut Openlane from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Barclays lifted 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. Northcoast Research set a $50.00 target price on Openlane in a research note on Wednesday, August 5th. Finally, Bank of America lifted their price target on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th.

Insider Activity

In other news, CEO Peter Kelly acquired 14,830 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer 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 legal filing with the SEC, which is available at this link. Corporate insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Openlane

Several institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Openlane by 94.2% in the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock valued at $40,000 after purchasing an additional 475 shares during the last quarter. Nykredit A S purchased a new stake in shares of Openlane during the 2nd quarter valued at approximately $46,000. Allworth Financial LP acquired a new position in Openlane in the second quarter valued at approximately $56,000. Persistent Asset Partners Ltd purchased a new position in Openlane in the second quarter worth approximately $75,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Openlane in the second quarter worth approximately $75,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Openlane Stock Up 0.7%

Shares of OPLN opened at $37.07 on Friday. The stock has a 50 day moving average price of $35.16 and a 200 day moving average price of $35.92. Openlane has a one year low of $24.32 and a one year high of $42.90. 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 capitalization of $4.55 billion, a price-to-earnings ratio of -43.61, a PEG ratio of 2.26 and a beta of 1.28.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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. The business’s quarterly 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 forecast that Openlane will post 1.45 earnings per share for the current fiscal year.

Openlane Company Profile

Openlane, Inc operates a digital marketplace and technology platform for the wholesale vehicle industry. The company connects buyers and sellers of used vehicles, including automotive dealers, manufacturers, rental and fleet operators, financial institutions, and other commercial consignors.

Its services include online and physical vehicle auctions, vehicle inspections and condition reports, transportation and logistics, title and registration support, and marketplace tools that facilitate wholesale vehicle transactions.