University of Texas Texas AM Investment Management Co. Takes $663,000 Position in Openlane $OPLN

University of Texas Texas AM Investment Management Co. purchased a new position in shares of Openlane (NYSE:OPLN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,264 shares of the company’s stock, valued at approximately $663,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Squarepoint Ops LLC purchased a new position in Openlane in the 4th quarter valued at approximately $3,539,000. Verition Fund Management LLC purchased a new stake in Openlane during the fourth quarter worth $259,000. Mariner LLC acquired a new stake in Openlane in the fourth quarter valued at $547,000. Entropy Technologies LP purchased a new position in shares of Openlane in the fourth quarter valued at $320,000. Finally, Barclays PLC purchased a new position in shares of Openlane in the fourth quarter valued at $4,902,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP James P. Coyle sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was 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 approximately $2,092,974.24. This represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William Clyde Mitchell sold 6,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the sale, the insider directly owned 15,914 shares in the company, valued at approximately $573,540.56. The trade was a 29.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,972 shares of company stock worth $4,018,932 over the last ninety days. Company insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Stephens restated an “overweight” rating and set a $42.00 target price on shares of Openlane in a report on Thursday, June 11th. Zacks Research upgraded shares of Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Openlane presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Openlane Price Performance

Shares of NYSE OPLN opened at $38.42 on Tuesday. The business’s 50-day moving average price is $34.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.07 billion, a P/E ratio of -37.66, a PEG ratio of 1.94 and a beta of 1.27. Openlane has a 12 month low of $22.09 and a 12 month high of $38.87.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $527.90 million for the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, analysts anticipate that Openlane will post 1.31 EPS for the current year.

Openlane Company 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.