Key Points
- James Coyle, Openlane's EVP, sold 88,444 shares on Feb. 20 at an average price of $28.83 for about $2.55M, cutting his direct ownership by 58.07% to 63,869 shares; the transaction was disclosed in an SEC Form 4.
- Openlane reported Q results on Feb. 18 with an EPS miss of $0.25 vs. $0.27 expected and revenue of $494.3M (+8.6% YoY), and set FY2026 guidance of 1.240–1.380 EPS.
- Institutional investors own 99.76% of OPLN, with large new stakes from managers like T. Rowe Price and Invesco, and analysts hold a consensus "Moderate Buy" rating with a $33.33 target price.
Openlane (NYSE:OPLN - Get Free Report) EVP James Coyle sold 88,444 shares of Openlane stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the sale, the executive vice president directly owned 63,869 shares in the company, valued at $1,841,343.27. This trade represents a 58.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Openlane Price Performance
Shares of NYSE:OPLN opened at $26.39 on Tuesday. Openlane has a one year low of $17.08 and a one year high of $31.78. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.81 billion, a P/E ratio of -22.18, a P/E/G ratio of 1.34 and a beta of 1.24.
Openlane (NYSE:OPLN - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $494.30 million for the quarter. Openlane had a return on equity of 12.74% and a net margin of 9.19%.The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.
Hedge Funds Weigh In On Openlane
A number of hedge funds have recently made changes to their positions in OPLN. T. Rowe Price Investment Management Inc. bought a new stake in Openlane in the fourth quarter valued at approximately $43,820,000. Invesco Ltd. acquired a new position in shares of Openlane in the 4th quarter worth approximately $87,868,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Openlane in the 4th quarter worth approximately $215,000. State of Tennessee Department of Treasury bought a new stake in shares of Openlane in the 4th quarter valued at $1,284,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Openlane during the fourth quarter worth $200,000. 99.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Weiss Ratings started coverage on Openlane in a report on Thursday, January 15th. They issued a "buy (b-)" rating for the company. Zacks Research cut Openlane from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 20th. Barclays upped their price objective on Openlane from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of Openlane from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Finally, Stephens boosted their target price on shares of Openlane from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.
View Our Latest Report on OPLN
Openlane Company Profile
(
Get Free Report)
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.
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