Mawer Investment Management Ltd. Makes New Investment in Openlane $OPLN

Mawer Investment Management Ltd. acquired a new stake in Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 372,320 shares of the company’s stock, valued at approximately $11,088,000. Mawer Investment Management Ltd. owned approximately 0.35% of Openlane as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in Openlane during the 4th quarter valued at $26,000. First Horizon Corp acquired a new position in Openlane in the 4th quarter worth $27,000. Allworth Financial LP purchased a new position in Openlane in the 4th quarter valued at about $38,000. Nomura Asset Management Co. Ltd. purchased a new position in Openlane in the 4th quarter valued at about $39,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Openlane during the fourth quarter valued at about $40,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Openlane Price Performance

OPLN stock opened at $38.16 on Tuesday. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -37.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27. Openlane has a 1-year low of $22.09 and a 1-year high of $38.82. The company’s fifty day simple moving average is $32.36. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42.

Openlane (NYSE:OPLN) last posted its quarterly earnings results 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 net margin of 9.47% and a return on equity of 13.00%. The business had revenue of $527.90 million during the quarter. During the same period last year, the firm posted $0.31 earnings per share. The company’s quarterly revenue 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, analysts expect that Openlane will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OPLN. Barclays increased their price target on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Robert W. Baird set a $40.00 target price on Openlane in a research report on Wednesday, May 6th. Northcoast Research set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Insider Buying and Selling

In other Openlane news, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total value of $708,701.18. Following the sale, 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 SEC, which can be accessed through this link. Also, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.31, for a total transaction of $153,240.00. Following the transaction, the executive vice president directly owned 24,697 shares of the company’s stock, valued at approximately $946,142.07. This trade represents a 13.94% 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 valued at $4,018,932 over the last quarter. Company insiders own 2.22% of the company’s stock.

About Openlane

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.