Openlane (NYSE:OPLN) EVP Charles Coleman Sells 19,763 Shares

Openlane (NYSE:OPLN) EVP Charles Coleman sold 19,763 shares of Openlane 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 sale, the executive vice president directly owned 74,334 shares in the company, valued at $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Openlane Trading Up 0.6%

NYSE OPLN opened at $37.91 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $29.59. The firm has a market capitalization of $4.02 billion, a P/E ratio of -37.16 and a beta of 1.22. Openlane has a 1-year low of $21.62 and a 1-year high of $38.49.

Openlane (NYSE:OPLN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $527.90 million for the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, analysts predict that Openlane will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on OPLN. Stephens lifted their price objective on Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Barclays lifted their price objective on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Northcoast Research set a $40.00 target price on Openlane in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.00.

Institutional Investors Weigh In On Openlane

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in Openlane by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,549 shares of the company’s stock worth $162,000 after acquiring an additional 353 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Openlane by 3.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,740 shares of the company’s stock worth $1,596,000 after acquiring an additional 2,079 shares during the last quarter. Principal Financial Group Inc. grew its position in Openlane by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 516,406 shares of the company’s stock worth $15,053,000 after acquiring an additional 9,994 shares during the last quarter. Fifth Third Bancorp grew its position in Openlane by 2,495.1% during the 1st quarter. Fifth Third Bancorp now owns 35,163 shares of the company’s stock worth $1,025,000 after acquiring an additional 33,808 shares during the last quarter. Finally, Equitable Trust Co. grew its position in Openlane by 35.9% during the 1st quarter. Equitable Trust Co. now owns 17,220 shares of the company’s stock worth $502,000 after acquiring an additional 4,552 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

About Openlane

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.