Openlane (NYSE:OPLN) Given Average Rating of “Hold” by Analysts

Shares of Openlane (NYSE:OPLN) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.

A number of analysts have recently weighed in on the stock. Stephens raised their price target on shares of Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Weiss Ratings lowered shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, March 3rd. Northcoast Research raised shares of Openlane from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, March 30th. Barclays lifted their target price on Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th.

Insider Buying and Selling

In other Openlane news, EVP James P. Coyle sold 88,444 shares of Openlane stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $28.83, for a total value of $2,549,840.52. Following the completion of the transaction, the executive vice president directly owned 63,869 shares in the company, valued at $1,841,343.27. The trade was a 58.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Openlane

Several large investors have recently added to or reduced their stakes in OPLN. Salomon & Ludwin LLC bought a new stake in Openlane in the 4th quarter valued at about $26,000. First Horizon Corp bought a new position in Openlane in the 4th quarter worth approximately $27,000. Allworth Financial LP acquired a new stake in Openlane in the 4th quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. acquired a new stake in Openlane in the 4th quarter valued at approximately $39,000. Finally, Fifth Third Bancorp bought a new stake in Openlane during the 4th quarter valued at $40,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Openlane Trading Down 0.1%

OPLN opened at $29.60 on Monday. Openlane has a twelve month low of $17.08 and a twelve month high of $31.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -24.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The company’s fifty day moving average price is $28.41.

Openlane (NYSE:OPLN) last announced 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). Openlane had a net margin of 9.19% and a return on equity of 12.74%. The business had revenue of $494.30 million for the quarter. During the same period in the previous year, the company earned $0.21 EPS. Openlane’s quarterly revenue was up 8.6% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

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.