UBS Group AG Takes $2.58 Million Position in Openlane $OPLN

UBS Group AG bought a new stake in Openlane (NYSE:OPLN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 86,714 shares of the company’s stock, valued at approximately $2,582,000.

A number of other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC acquired a new position in Openlane during the fourth quarter worth $26,000. First Horizon Corp acquired a new position in Openlane during the fourth quarter worth $27,000. TD Waterhouse Canada Inc. acquired a new position in Openlane during the fourth quarter worth $149,000. NBC Securities Inc. acquired a new position in Openlane during the fourth quarter worth $296,000. Finally, CWM LLC acquired a new position in Openlane during the fourth quarter worth $320,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Openlane Stock Performance

Openlane stock opened at $35.66 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of -34.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. Openlane has a fifty-two week low of $22.09 and a fifty-two week high of $38.52. The firm has a fifty day moving average price of $31.53.

Openlane (NYSE:OPLN) last posted its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, sell-side analysts forecast that Openlane will post 1.3 EPS for the current fiscal year.

Insider Transactions at Openlane

In other Openlane news, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the sale, the insider owned 15,914 shares of the company’s stock, valued at approximately $573,540.56. This represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tobin P. Richer sold 4,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.31, for a total value of $153,240.00. Following the completion of the sale, the executive vice president directly owned 24,697 shares in the company, valued at $946,142.07. This trade represents a 13.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,972 shares of company stock worth $4,018,932 over the last ninety days. 2.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird set a $40.00 price objective on Openlane in a report on Wednesday, May 6th. Barclays upped their price objective on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Northcoast Research set a $40.00 price objective on Openlane in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Openlane presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

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.