Intech Investment Management LLC Buys New Shares in Openlane $OPLN

Intech Investment Management LLC bought a new stake in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 357,625 shares of the company’s stock, valued at approximately $10,650,000. Intech Investment Management LLC owned about 0.34% of Openlane at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in Openlane during the 4th quarter valued at $348,271,000. Geode Capital Management LLC bought a new stake in Openlane in the 4th quarter valued at $79,199,000. Kimelman & Baird LLC bought a new stake in Openlane in the 4th quarter valued at $24,117,000. Paradice Investment Management LLC bought a new stake in Openlane in the 4th quarter valued at $23,837,000. Finally, William Blair Investment Management LLC bought a new stake in Openlane in the 4th quarter valued at $15,206,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP James P. Coyle sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $36.04, for a total transaction of $234,260.00. Following the completion of the sale, the insider owned 15,914 shares in the company, valued at $573,540.56. This represents a 29.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 111,972 shares of company stock worth $4,018,932 over the last 90 days. 2.22% of the stock is currently owned by company insiders.

Openlane Stock Performance

Shares of NYSE:OPLN opened at $38.14 on Friday. Openlane has a 52 week low of $22.09 and a 52 week high of $38.52. 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 fifty day moving average price of $32.15. The firm has a market cap of $4.04 billion, a P/E ratio of -37.39, a PEG ratio of 1.95 and a beta of 1.22.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on OPLN shares. Robert W. Baird set a $40.00 price target on shares of Openlane in a report on Wednesday, May 6th. Barclays boosted their price target on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $33.00 to $38.00 in a report on Wednesday. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Openlane presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Openlane 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.