Key Points
- CEO Peter Kelly bought 14,830 Openlane shares at an average price of $33.72, investing approximately $500,068 and becoming the owner of that entire position.
- Openlane reported quarterly EPS of $0.40, beating estimates by $0.05, while revenue rose 15.1% year over year to $554.6 million. The company issued fiscal 2026 EPS guidance of $1.40–$1.50.
- Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $43.83, compared with the stock’s cited opening price of $34.62.
Openlane (NYSE:OPLN - Get Free Report) CEO Peter Kelly acquired 14,830 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $33.72 per share, with a total value of $500,067.60. Following the completion of the transaction, the chief executive officer owned 14,830 shares of the company's stock, valued at $500,067.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Openlane Price Performance
Shares of NYSE OPLN opened at $34.62 on Thursday. The company has a market capitalization of $4.25 billion, a PE ratio of -40.73, a P/E/G ratio of 2.11 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Openlane has a twelve month low of $24.32 and a twelve month high of $42.90. The firm has a fifty day simple moving average of $38.53 and a 200 day simple moving average of $34.08.
Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The business had revenue of $554.60 million for the quarter. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. On average, sell-side analysts forecast that Openlane will post 1.45 EPS for the current year.
Institutional Trading of Openlane
Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in shares of Openlane by 94.2% in the second quarter. Versant Capital Management Inc now owns 979 shares of the company's stock valued at $40,000 after buying an additional 475 shares in the last quarter. Nykredit A S acquired a new position in shares of Openlane during the second quarter valued at about $46,000. Allworth Financial LP bought a new stake in shares of Openlane during the fourth quarter worth about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane during the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Openlane in the 4th quarter worth about $40,000. Institutional investors own 99.76% of the company's stock.
Wall Street Analyst Weigh In
OPLN has been the topic of several research analyst reports. Northcoast Research set a $50.00 target price on Openlane in a research report on Wednesday, August 5th. Zacks Research upgraded Openlane from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Wall Street Zen lowered Openlane from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Barclays increased their price target on Openlane from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Finally, Bank of America raised their price objective on shares of Openlane from $37.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.83.
Read Our Latest Stock Analysis on Openlane
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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