William Blair Investment Management LLC Makes New $15.21 Million Investment in Openlane $OPLN

William Blair Investment Management LLC purchased a new position in Openlane (NYSE:OPLN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 510,598 shares of the company’s stock, valued at approximately $15,206,000. William Blair Investment Management LLC owned approximately 0.48% of Openlane as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in Openlane in the 4th quarter worth $42,000. Legato Capital Management LLC purchased a new stake in Openlane in the 4th quarter worth $554,000. Global Retirement Partners LLC purchased a new stake in Openlane in the 4th quarter worth $255,000. Sierra Summit Advisors LLC purchased a new stake in Openlane in the 4th quarter worth $909,000. Finally, Covestor Ltd purchased a new stake in Openlane in the 4th quarter worth $88,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on OPLN shares. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Robert W. Baird set a $40.00 target price on shares of Openlane in a research report on Wednesday, May 6th. Finally, Northcoast Research set a $40.00 target price on shares of Openlane in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity

In related news, EVP Tobin P. Richer sold 66,709 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total transaction of $2,386,180.93. Following the transaction, the executive vice president directly owned 28,697 shares in the company, valued at approximately $1,026,491.69. This represents a 69.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total transaction of $234,260.00. Following the transaction, the insider owned 15,914 shares in the company, valued at $573,540.56. The trade was a 29.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 111,972 shares of company stock valued at $4,018,932. 2.22% of the stock is currently owned by company insiders.

Openlane Trading Down 0.0%

Shares of NYSE OPLN opened at $35.40 on Tuesday. The firm’s 50-day simple moving average is $31.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $3.75 billion, a PE ratio of -34.70, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. Openlane has a 12-month low of $21.84 and a 12-month high of $38.52.

Openlane (NYSE:OPLN) last announced its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $527.90 million for the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities analysts predict that Openlane will post 1.3 EPS for the current fiscal 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.