Openlane (NYSE:OPLN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Openlane (NYSE:OPLN) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.00.

Several brokerages have issued reports on OPLN. Barclays increased their price target on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Northcoast Research set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Robert W. Baird set a $40.00 price target on Openlane in a report on Wednesday, May 6th.

Openlane Trading Down 0.0%

NYSE:OPLN opened at $38.06 on Friday. Openlane has a 1-year low of $22.09 and a 1-year high of $39.26. The firm has a 50-day moving average of $34.94. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -37.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42.

Openlane (NYSE:OPLN) last announced its quarterly earnings results 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 company had revenue of $527.90 million during the quarter. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Sell-side analysts predict that Openlane will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Charles S. Coleman sold 19,763 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the transaction, the executive vice president directly owned 74,334 shares in the company, valued at approximately $2,665,617.24. This trade represents a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Clyde Mitchell sold 6,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $573,540.56. The trade was a 29.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 111,972 shares of company stock valued at $4,018,932 over the last ninety days. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Openlane during the fourth quarter worth about $26,000. First Horizon Corp bought a new position in shares of Openlane during the fourth quarter worth about $27,000. Allworth Financial LP bought a new position in shares of Openlane during the fourth quarter worth about $38,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Openlane during the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp bought a new position in shares of Openlane during the fourth quarter worth about $40,000. 99.76% of the stock is currently owned by institutional investors.

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.