Capstone Investment Advisors LLC Buys New Position in Openlane $OPLN

Capstone Investment Advisors LLC bought a new stake in Openlane (NYSE:OPLN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,680 shares of the company’s stock, valued at approximately $812,000.

A number of other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of Openlane by 6.8% in 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 during the last quarter. Versant Capital Management Inc lifted its position in shares of Openlane by 94.2% in the second quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock worth $40,000 after purchasing an additional 475 shares in the last quarter. Allworth Financial LP acquired a new position in Openlane during the fourth quarter worth $38,000. Nomura Asset Management Co. Ltd. bought a new position in Openlane in the fourth quarter valued at $39,000. Finally, Fifth Third Bancorp bought a new position in Openlane in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Openlane Stock Performance

NYSE OPLN opened at $35.11 on Friday. The firm has a market capitalization of $4.31 billion, a P/E ratio of -41.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $38.42 and its two-hundred day moving average price is $34.13. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90.

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

Insider Buying and Selling

In other Openlane news, CEO Peter J. Kelly purchased 14,830 shares of Openlane stock in a transaction that occurred on Monday, August 24th. The stock was acquired 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 trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

OPLN has been the subject of a number of recent research reports. Robert W. Baird set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Northcoast Research set a $50.00 target price on Openlane in a research report on Wednesday, August 5th. Stephens reiterated an “overweight” rating and set a $42.00 target price on shares of Openlane in a report on Thursday, June 11th. Bank of America increased their price target on Openlane from $37.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a research note on Wednesday. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.