292,000 Shares in Openlane $OPLN Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in Openlane (NYSE:OPLN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 292,000 shares of the company’s stock, valued at approximately $8,696,000.

Several other institutional investors have also recently bought and sold shares of OPLN. Yousif Capital Management LLC bought a new position in Openlane in the 4th quarter worth $857,000. Smith Moore & CO. bought a new position in Openlane in the 4th quarter worth $448,000. State of Alaska Department of Revenue bought a new position in Openlane in the 4th quarter worth $2,211,000. Guidance Capital Inc. bought a new position in Openlane in the 4th quarter worth $770,000. Finally, CWM LLC bought a new position in Openlane in the 4th quarter worth $320,000. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $38.00 in a report on Wednesday. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Robert W. Baird set a $40.00 price objective on shares of Openlane in a research report on Wednesday, May 6th. Barclays upped their price objective on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Northcoast Research set a $40.00 price objective on shares of Openlane in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Insider Activity at Openlane

In related news, EVP Charles S. Coleman sold 19,763 shares of the company’s stock in a transaction dated 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 owned 74,334 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP James P. Coyle sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total transaction of $536,550.00. Following the completion of the sale, the executive vice president directly owned 58,512 shares in the company, valued at approximately $2,092,974.24. The trade was a 20.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 111,972 shares of company stock worth $4,018,932 over the last ninety days. Corporate insiders own 2.22% of the company’s stock.

Openlane Stock Performance

Shares of OPLN opened at $38.14 on Friday. The company’s 50-day moving average is $32.15. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -37.39, a P/E/G ratio of 1.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. Openlane has a 52 week low of $22.09 and a 52 week high of $38.52.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $527.90 million during the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, equities analysts forecast that Openlane will post 1.3 earnings per share for the current year.

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.