RBF Capital LLC Reduces Stock Holdings in Openlane $OPLN

RBF Capital LLC reduced its position in shares of Openlane (NYSE:OPLN) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,000 shares of the company’s stock after selling 13,000 shares during the period. RBF Capital LLC owned 0.19% of Openlane worth $5,743,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

OPLN has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Openlane from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Barclays lifted their target price on Openlane from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Bank of America upped their price target on Openlane from $37.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Northcoast Research set a $40.00 price objective on Openlane in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Insider Transactions at Openlane

In related news, EVP Tobin P. Richer sold 66,709 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 $2,386,180.93. Following the transaction, the executive vice president owned 28,697 shares of the company’s stock, valued at approximately $1,026,491.69. This represents a 69.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Clyde Mitchell sold 6,500 shares of the 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 111,972 shares of company stock valued at $4,018,932. Corporate insiders own 2.22% of the company’s stock.

Openlane Stock Performance

Shares of OPLN stock opened at $40.33 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -39.54, a P/E/G ratio of 2.24 and a beta of 1.26. The business has a 50 day moving average of $38.81. Openlane has a one year low of $24.10 and a one year high of $42.90.

Openlane (NYSE:OPLN) last posted 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. The firm had revenue of $527.90 million during the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, research analysts predict that Openlane will post 1.4 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.