Insider Selling: Openlane (NYSE:OPLN) EVP Sells $536,550.00 in Stock

Openlane (NYSE:OPLN) EVP James Coyle sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $536,550.00. Following the transaction, the executive vice president owned 58,512 shares in the company, valued at approximately $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Openlane Price Performance

OPLN opened at $37.91 on Monday. The stock’s 50 day moving average is $29.59. 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 has a 1 year low of $21.62 and a 1 year high of $38.49. The company has a market cap of $4.02 billion, a price-to-earnings ratio of -37.16 and a beta of 1.22.

Openlane (NYSE:OPLN) last posted 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 business had revenue of $527.90 million for the quarter. During the same quarter in the previous year, the business earned $0.31 earnings per share. 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. As a group, sell-side analysts anticipate that Openlane will post 1.34 EPS for the current year.

Institutional Investors Weigh In On Openlane

Institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC purchased a new stake in Openlane in the 4th quarter worth approximately $26,000. First Horizon Corp purchased a new stake in Openlane in the 4th quarter worth approximately $27,000. Allworth Financial LP purchased a new stake in Openlane in the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in Openlane in the 4th quarter worth approximately $39,000. Finally, Fifth Third Bancorp purchased a new stake in Openlane in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OPLN shares. Barclays raised their price target on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Northcoast Research set a $40.00 price target on Openlane in a research report on Wednesday. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. increased their price objective on Openlane from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.