Openlane (NYSE:OPLN) Given Overweight Rating at Stephens

Openlane (NYSE:OPLN)‘s stock had its “overweight” rating reiterated by Stephens in a research note issued to investors on Thursday,Benzinga reports. They currently have a $42.00 target price on the stock. Stephens’ target price points to a potential upside of 11.11% from the company’s previous close.

A number of other brokerages have also recently commented on OPLN. Robert W. Baird set a $40.00 target price on shares of Openlane in a report on Wednesday, May 6th. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Northcoast Research set a $40.00 price objective on Openlane in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Openlane Price Performance

Shares of Openlane stock opened at $37.80 on Thursday. The firm has a fifty day simple moving average of $33.75. The firm has a market cap of $4.01 billion, a PE ratio of -37.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. Openlane has a 12 month low of $22.09 and a 12 month high of $38.82. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42.

Openlane (NYSE:OPLN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm had revenue of $527.90 million during the quarter. During the same quarter in the prior year, the company earned $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. Analysts anticipate that Openlane will post 1.31 earnings per share for the current year.

Insider Activity

In other news, EVP Charles S. Coleman sold 19,763 shares of the business’s 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 in the company, valued at $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James P. Coyle sold 15,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00. Following the transaction, the executive vice president directly owned 58,512 shares of the company’s stock, valued at $2,092,974.24. This represents a 20.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,972 shares of company stock worth $4,018,932 in the last ninety days. 2.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Openlane

A number of large investors have recently modified their holdings of OPLN. Prospect Capital Advisors LLC acquired a new stake in shares of Openlane in the 1st quarter valued at approximately $2,437,000. Amundi acquired a new position in Openlane during the first quarter worth $334,000. California State Teachers Retirement System grew its holdings in Openlane by 27.2% during the first quarter. California State Teachers Retirement System now owns 127,304 shares of the company’s stock worth $3,711,000 after acquiring an additional 27,232 shares during the period. Hawk Ridge Capital Management LP raised its position in Openlane by 72.5% in the first quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock worth $144,792,000 after acquiring an additional 2,087,200 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Openlane by 290.6% in the first quarter. Quantinno Capital Management LP now owns 55,922 shares of the company’s stock worth $1,630,000 after acquiring an additional 41,604 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.