Polen Capital Management LLC Takes $1.38 Million Position in Openlane $OPLN

Polen Capital Management LLC purchased a new stake in Openlane (NYSE:OPLN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 46,259 shares of the company’s stock, valued at approximately $1,378,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank acquired a new position in shares of Openlane during the 4th quarter worth $951,000. Nicholas Company Inc. acquired a new position in shares of Openlane during the 4th quarter worth $6,380,000. New York State Teachers Retirement System acquired a new position in shares of Openlane during the 4th quarter worth $2,152,000. Paradice Investment Management LLC acquired a new position in shares of Openlane during the 4th quarter worth $23,837,000. Finally, Horizon Investments LLC acquired a new position in shares of Openlane during the 4th quarter worth $813,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Activity

In related news, EVP Tobin P. Richer sold 66,709 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $2,386,180.93. Following the completion of the transaction, the executive vice president owned 28,697 shares of the company’s stock, valued at approximately $1,026,491.69. The trade was a 69.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James P. Coyle sold 15,000 shares of the business’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 transaction, the executive vice president directly owned 58,512 shares of the company’s stock, valued at $2,092,974.24. The trade was a 20.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 111,972 shares of company stock worth $4,018,932. Company insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OPLN. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Northcoast Research set a $40.00 price target on Openlane in a research note on Wednesday, May 6th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Robert W. Baird set a $40.00 price target on Openlane in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Openlane Trading Up 5.6%

Shares of OPLN stock opened at $38.75 on Friday. The company has a 50-day moving average price of $33.94. Openlane has a twelve month low of $22.09 and a twelve month high of $38.87. The firm has a market cap of $4.11 billion, a P/E ratio of -37.99, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. 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 announced its 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. 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 period in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, research analysts predict that Openlane will post 1.31 earnings per share for the current year.

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.