Key Points
- Openlane EVP Tobin Richer sold 66,709 shares on May 6 at an average price of $35.77, totaling about $2.39 million. After the sale, he still held 28,697 shares, cutting his ownership by nearly 70%.
- The company reported solid quarterly results, with EPS of $0.35 beating the $0.32 consensus and revenue rising 14.8% year over year to $527.9 million. Openlane also raised its FY 2026 guidance to $1.28-$1.42 EPS.
- Analyst sentiment is mixed but slightly positive, with several firms raising price targets and the stock carrying a consensus “Moderate Buy” rating. The average target price stands at $38.00, just above the recent trading level.
Openlane (NYSE:OPLN - Get Free Report) EVP James Coyle sold 15,000 shares of the business's 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 completion of the sale, the executive vice president owned 58,512 shares in the company, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Openlane Trading Up 0.6%
Shares of Openlane stock opened at $37.91 on Friday. 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 business has a 50-day simple moving average of $29.59. Openlane has a 52 week low of $21.62 and a 52 week high of $38.49. The company has a market capitalization of $4.02 billion, a PE ratio of -37.16 and a beta of 1.22.
Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, topping 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 for the quarter. During the same quarter last year, the firm posted $0.31 earnings per share. Openlane's revenue was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities analysts predict that Openlane will post 1.34 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on OPLN shares. Stephens boosted their price objective on Openlane from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Northcoast Research set a $40.00 price objective on Openlane in a report on Wednesday. Wall Street Zen upgraded Openlane from a "hold" rating to a "buy" rating in a report on Saturday. Barclays boosted their price objective on Openlane from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Weiss Ratings downgraded Openlane from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $38.00.
View Our Latest Analysis on OPLN
Institutional Investors Weigh In On Openlane
Several large investors have recently made changes to their positions in OPLN. Vanguard Group Inc. bought a new stake in shares of Openlane in the 4th quarter valued at approximately $348,271,000. Bank of Montreal Can bought a new stake in shares of Openlane in the 4th quarter valued at approximately $220,158,000. Dimensional Fund Advisors LP bought a new stake in shares of Openlane in the 4th quarter valued at approximately $200,309,000. State Street Corp bought a new stake in shares of Openlane in the 4th quarter valued at approximately $127,581,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Openlane in the 4th quarter valued at approximately $103,876,000. Institutional investors own 99.76% of the company's stock.
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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