Openlane (NYSE:OPLN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Openlane (NYSE:OPLN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.00.

OPLN has been the topic of a number of recent research reports. Barclays raised their target price on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised Openlane from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $33.00 to $38.00 in a report on Wednesday, May 27th. Robert W. Baird set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Finally, Northcoast Research set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th.

Openlane Trading Down 0.1%

OPLN opened at $41.10 on Wednesday. The business has a 50 day simple moving average of $37.19. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $4.36 billion, a P/E ratio of -40.30, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. Openlane has a 12-month low of $24.10 and a 12-month high of $42.90.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $527.90 million for the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, analysts predict that Openlane will post 1.31 EPS for the current fiscal year.

Insider Activity

In other Openlane news, EVP Charles S. Coleman sold 19,763 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total value of $708,701.18. Following the completion of the transaction, the executive vice president directly owned 74,334 shares in the company, valued at $2,665,617.24. This represents a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tobin P. Richer sold 66,709 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 28,697 shares of the company’s stock, valued at approximately $1,026,491.69. This trade represents a 69.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,972 shares of company stock worth $4,018,932 over the last ninety days. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPLN. Vanguard Group Inc. purchased a new position in Openlane during the fourth quarter valued at $348,271,000. Bank of Montreal Can purchased a new stake in Openlane in the 4th quarter worth $220,158,000. Dimensional Fund Advisors LP purchased a new position in shares of Openlane during the fourth quarter valued at about $200,309,000. State Street Corp bought a new stake in shares of Openlane in the fourth quarter worth about $127,581,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Openlane in the fourth quarter worth about $103,876,000. 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.