Openlane (NYSE:OPLN) Reaches New 1-Year High – Still a Buy?

Openlane (NYSE:OPLN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.43 and last traded at $32.3370, with a volume of 118993 shares. The stock had previously closed at $31.49.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings cut Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. lifted their target price on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Northcoast Research upgraded Openlane from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, March 30th. Finally, Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Openlane Stock Up 2.1%

The business has a fifty day moving average price of $29.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.40 billion, a PE ratio of -27.01 and a beta of 1.22.

Openlane (NYSE:OPLN) last posted its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $494.30 million for the quarter. Openlane had a return on equity of 12.74% and a net margin of 9.19%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS. As a group, equities analysts forecast that Openlane will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 88,444 shares of Openlane stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the transaction, the executive vice president directly owned 63,869 shares in the company, valued at approximately $1,841,343.27. The trade was a 58.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Openlane

Institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of Openlane in the fourth quarter valued at about $26,000. First Horizon Corp bought a new stake in shares of Openlane in the fourth quarter valued at about $27,000. Allworth Financial LP bought a new stake in shares of Openlane in the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the fourth quarter valued at about $39,000. Finally, Fifth Third Bancorp bought a new stake in shares of Openlane in the fourth quarter valued at about $40,000. 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.