Los Angeles Capital Management LLC Acquires Shares of 51,495 Openlane $OPLN

Los Angeles Capital Management LLC acquired a new stake in shares of Openlane (NYSE:OPLN) in the 4th quarter, HoldingsChannel reports. The fund acquired 51,495 shares of the company’s stock, valued at approximately $1,534,000.

A number of other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in Openlane during the 4th quarter valued at about $26,000. First Horizon Corp bought a new position in Openlane during the 4th quarter valued at approximately $27,000. Allworth Financial LP purchased a new stake in Openlane in the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the 4th quarter worth approximately $39,000. Finally, Fifth Third Bancorp bought a new stake in shares of Openlane in the 4th quarter worth approximately $40,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Openlane

In related news, EVP James P. Coyle sold 15,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. Following the completion of the transaction, the executive vice president directly owned 58,512 shares in the company, valued at $2,092,974.24. This trade represents a 20.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles S. Coleman sold 19,763 shares of Openlane stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total transaction of $708,701.18. Following the transaction, the executive vice president directly owned 74,334 shares of the company’s stock, valued at approximately $2,665,617.24. This trade represents a 21.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 111,972 shares of company stock worth $4,018,932. Corporate insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OPLN. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Northcoast Research set a $40.00 price target on shares of Openlane in a report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $38.00 in a report on Wednesday, May 27th. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Barclays lifted their target price on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Openlane Stock Performance

Shares of NYSE:OPLN opened at $36.70 on Thursday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -35.98, a P/E/G ratio of 1.91 and a beta of 1.27. 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 stock has a 50 day moving average price of $33.75. Openlane has a 52-week low of $22.09 and a 52-week high of $38.82.

Openlane (NYSE:OPLN) last released its quarterly 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 company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities analysts forecast that Openlane will post 1.31 EPS for the current fiscal year.

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.