RBF Capital LLC Makes New Investment in Openlane $OPLN

RBF Capital LLC acquired a new position in shares of Openlane (NYSE:OPLN) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 210,000 shares of the company’s stock, valued at approximately $6,254,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Openlane during the fourth quarter worth about $26,000. First Horizon Corp acquired a new position in shares of Openlane during the fourth quarter worth about $27,000. Allworth Financial LP acquired a new position in shares of Openlane during the fourth quarter worth about $38,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Openlane during the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp acquired a new position in shares of Openlane during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Transactions at Openlane

In other news, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the sale, the insider directly owned 15,914 shares in the company, valued at approximately $573,540.56. The trade was a 29.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $38.31, for a total value of $153,240.00. Following the completion of the sale, the executive vice president owned 24,697 shares of the company’s stock, valued at $946,142.07. This trade represents a 13.94% decrease in their ownership of the stock. 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 90 days. Insiders own 2.22% of the company’s stock.

Openlane Stock Down 0.2%

Shares of NYSE OPLN opened at $38.50 on Wednesday. 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 company’s 50 day moving average price is $34.46. Openlane has a 52-week low of $22.09 and a 52-week high of $39.26. The firm has a market capitalization of $4.08 billion, a PE ratio of -37.74, a P/E/G ratio of 1.98 and a beta of 1.27.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, May 5th. The company reported $0.35 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 in the previous year, the business posted $0.31 EPS. Openlane’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. On average, analysts anticipate that Openlane will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on OPLN. JPMorgan Chase & Co. upgraded Openlane from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $38.00 in a research note on Wednesday, May 27th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Stephens restated an “overweight” rating and set a $42.00 price objective on shares of Openlane in a research note on Thursday, June 11th. Finally, Barclays boosted their price objective on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.