Sanctuary Advisors LLC Invests $768,000 in Openlane $OPLN

Sanctuary Advisors LLC acquired a new stake in shares of Openlane (NYSE:OPLN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,632 shares of the company’s stock, valued at approximately $768,000.

A number of other institutional investors have also made changes to their positions in the stock. Allworth Financial LP acquired a new stake in Openlane in the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. acquired a new position in Openlane during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp bought a new position in shares of Openlane in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc raised its position in shares of Openlane by 94.2% in the second 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 period. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Openlane in the fourth quarter worth $42,000. 99.76% of the stock is owned by institutional investors.

Openlane Stock Down 1.1%

Shares of OPLN stock opened at $35.11 on Friday. Openlane has a 12 month low of $24.32 and a 12 month high of $42.90. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.31 billion, a PE ratio of -41.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The stock has a 50 day moving average of $38.42 and a 200-day moving average of $34.13.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The business had revenue of $554.60 million for the quarter. The business’s revenue for the quarter 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, equities analysts predict that Openlane will post 1.45 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Peter J. Kelly purchased 14,830 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of $33.72 per share, for a total transaction of $500,067.60. Following the transaction, the chief executive officer directly owned 14,830 shares of the company’s stock, valued at approximately $500,067.60. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OPLN. Zacks Research raised shares of Openlane from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a report on Wednesday. Robert W. Baird set a $40.00 target price on shares of Openlane in a research report on Wednesday, May 6th. Wall Street Zen downgraded Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Northcoast Research set a $50.00 price objective on Openlane in a research note on Wednesday, August 5th. One 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Openlane 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.