Openlane (NYSE:OPLN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Openlane (NYSE:OPLN) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $38.00.

OPLN has been the subject of several research reports. Barclays increased their price target on shares of Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price target on shares of Openlane from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Northcoast Research set a $40.00 price target on shares of Openlane in a research note on Wednesday, May 6th.

Openlane Stock Up 0.2%

NYSE OPLN opened at $34.98 on Tuesday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -34.29, a PEG ratio of 1.80 and a beta of 1.22. The company’s 50 day moving average price is $30.68. Openlane has a twelve month low of $21.84 and a twelve month high of $38.52. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $527.90 million during the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.Openlane’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, research analysts anticipate that Openlane will post 1.3 earnings per share for the current year.

Insider Buying and Selling at Openlane

In related news, insider William Clyde Mitchell sold 6,500 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the transaction, the insider directly owned 15,914 shares in the company, valued at $573,540.56. This trade represents a 29.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tobin P. Richer sold 66,709 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $2,386,180.93. Following the completion of the transaction, the executive vice president owned 28,697 shares of the company’s stock, valued at approximately $1,026,491.69. The trade was a 69.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 200,416 shares of company stock valued at $6,568,773 in the last quarter. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Amundi bought a new stake in Openlane during the 1st quarter valued at about $334,000. California State Teachers Retirement System increased its stake in Openlane by 27.2% during the 1st quarter. California State Teachers Retirement System now owns 127,304 shares of the company’s stock valued at $3,711,000 after purchasing an additional 27,232 shares in the last quarter. Hawk Ridge Capital Management LP increased its stake in Openlane by 72.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock valued at $144,792,000 after purchasing an additional 2,087,200 shares in the last quarter. Quantinno Capital Management LP increased its stake in Openlane by 290.6% during the 1st quarter. Quantinno Capital Management LP now owns 55,922 shares of the company’s stock valued at $1,630,000 after purchasing an additional 41,604 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Openlane by 10.9% during the 1st quarter. Lazard Asset Management LLC now owns 281,078 shares of the company’s stock valued at $8,193,000 after purchasing an additional 27,616 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Openlane Company 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.