Manatuck Hill Partners LLC Takes Position in Openlane $OPLN

Manatuck Hill Partners LLC bought a new stake in Openlane (NYSE:OPLN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 147,500 shares of the company’s stock, valued at approximately $4,393,000. Openlane makes up approximately 1.5% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 25th biggest position.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Openlane in the fourth quarter valued at approximately $26,000. First Horizon Corp bought a new position in shares of Openlane in the fourth quarter valued at approximately $27,000. Allworth Financial LP bought a new position in shares of Openlane in the fourth quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Openlane in the fourth quarter valued at approximately $39,000. Finally, Fifth Third Bancorp purchased a new position in shares of Openlane in the 4th quarter worth approximately $40,000. Institutional investors own 99.76% of the company’s stock.

Insider Transactions at Openlane

In related news, EVP Tobin P. Richer sold 66,709 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $2,386,180.93. Following the transaction, the executive vice president owned 28,697 shares in the company, valued at approximately $1,026,491.69. This represents a 69.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the transaction, the insider owned 15,914 shares in the company, valued at approximately $573,540.56. The trade was a 29.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 111,972 shares of company stock worth $4,018,932 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Openlane Trading Down 3.4%

Openlane stock opened at $37.21 on Thursday. Openlane has a 12 month low of $22.09 and a 12 month high of $39.26. 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 firm has a 50 day moving average price of $34.61. The stock has a market capitalization of $3.94 billion, a P/E ratio of -36.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.27.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, beating 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 business had revenue of $527.90 million for the quarter. During the same quarter in the previous year, the company posted $0.31 EPS. Openlane’s revenue for the quarter was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, equities research analysts forecast that Openlane will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OPLN shares. Barclays boosted their target price on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Northcoast Research set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Robert W. Baird set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.