Key Points
- Insider sale: Openlane insider William Clyde Mitchell sold 6,500 shares at an average price of $36.04, reducing his ownership by 29%. The transaction was disclosed in an SEC filing.
- Strong quarterly results: Openlane reported Q1 earnings of $0.35 per share, beating estimates of $0.32, on revenue of $527.9 million, up 14.8% year over year. The company also issued FY 2026 EPS guidance of 1.280-1.420.
- Analyst sentiment remains mixed but constructive: The stock has a consensus rating of "Moderate Buy" with an average price target of $38, as analysts split between Buy and Hold ratings. Recent target updates ranged from $33 to $40.
Openlane (NYSE:OPLN - Get Free Report) insider William Clyde Mitchell sold 6,500 shares of the firm's stock in a transaction on 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 owned 15,914 shares in the company, valued at $573,540.56. This trade represents a 29.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Openlane Price Performance
Shares of OPLN opened at $34.89 on Friday. The stock's fifty day moving average price is $30.55. Openlane has a 12-month low of $21.84 and a 12-month high of $38.52. The company has a market capitalization of $3.70 billion, a PE ratio of -34.21, a PEG ratio of 1.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16.
Openlane (NYSE:OPLN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm had revenue of $527.90 million for the quarter. During the same quarter last year, the business earned $0.31 earnings per share. The business'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 anticipate that Openlane will post 1.3 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Robert W. Baird set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. Zacks Research upgraded Openlane from a "strong sell" rating to a "hold" rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their target price on Openlane from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Stephens raised their target price on Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. Finally, Northcoast Research set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.00.
View Our Latest Research Report on OPLN
Institutional Investors Weigh In On Openlane
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Openlane by 6.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,549 shares of the company's stock valued at $162,000 after purchasing an additional 353 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Openlane during the fourth quarter valued at about $26,000. First Horizon Corp acquired a new position in Openlane during the fourth quarter worth about $27,000. Allworth Financial LP acquired a new position in Openlane during the fourth quarter worth about $38,000. Finally, Nomura Asset Management Co. Ltd. acquired a new position in Openlane during the fourth quarter worth about $39,000. 99.76% of the stock is currently owned by institutional investors.
About Openlane
(
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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