Quantbot Technologies LP Takes Position in Openlane $OPLN

Quantbot Technologies LP acquired a new position in shares of Openlane (NYSE:OPLN) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,982 shares of the company’s stock, valued at approximately $783,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Openlane by 94.2% during the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock worth $40,000 after purchasing an additional 475 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Openlane in the fourth quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Openlane during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp purchased a new position in shares of Openlane during the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in Openlane during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on OPLN shares. Robert W. Baird set a $40.00 target price on shares of Openlane in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Bank of America increased their target price on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised Openlane from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $33.00 to $38.00 in a research note on Wednesday, May 27th. Finally, Barclays lifted their price target on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Insider Buying and Selling

In other Openlane news, CEO Peter J. Kelly purchased 14,830 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the completion of the acquisition, the chief executive officer owned 14,830 shares of the company’s stock, valued at approximately $500,067.60. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.22% of the company’s stock.

Openlane Trading Up 0.9%

OPLN stock opened at $34.62 on Thursday. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -40.73, a PEG 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. The business has a fifty day simple moving average of $38.53 and a 200-day simple moving average of $34.08. Openlane has a 52 week low of $24.32 and a 52 week high of $42.90.

Openlane (NYSE:OPLN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $554.60 million for the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities research analysts expect that Openlane will post 1.45 EPS for the current year.

Openlane Company 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.