Openlane (NYSE:OPLN) EVP Sells $153,240.00 in Stock

Openlane (NYSE:OPLN) EVP Tobin Richer sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $38.31, for a total value of $153,240.00. Following the sale, the executive vice president directly owned 24,697 shares in the company, valued at $946,142.07. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Openlane Price Performance

Shares of NYSE OPLN opened at $35.62 on Thursday. The stock’s 50 day moving average is $30.28. 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 has a 1-year low of $21.84 and a 1-year high of $38.52. The company has a market capitalization of $3.77 billion, a PE ratio of -34.92, a P/E/G ratio of 1.87 and a beta of 1.22.

Openlane (NYSE:OPLN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share 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 for the quarter. During the same period in the previous year, the firm earned $0.31 earnings per share. The company’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, equities research analysts anticipate that Openlane will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in Openlane in the fourth quarter worth approximately $348,271,000. Bank of Montreal Can bought a new position in Openlane in the fourth quarter worth approximately $220,158,000. Dimensional Fund Advisors LP bought a new position in Openlane in the fourth quarter worth approximately $200,309,000. State Street Corp bought a new position in Openlane in the fourth quarter worth approximately $127,581,000. Finally, Neuberger Berman Group LLC bought a new position in Openlane in the fourth quarter worth approximately $103,876,000. Institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

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

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.