Oregon Public Employees Retirement Fund Acquires Shares of 24,307 Openlane $OPLN

Oregon Public Employees Retirement Fund acquired a new stake in Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 24,307 shares of the company’s stock, valued at approximately $724,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of Openlane during the fourth quarter valued at approximately $26,000. First Horizon Corp bought a new position in shares of Openlane during the fourth quarter valued at approximately $27,000. Fifth Third Bancorp bought a new position in shares of Openlane during the fourth quarter valued at approximately $40,000. North Star Investment Management Corp. bought a new position in shares of Openlane during the fourth quarter valued at approximately $47,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Openlane during the fourth quarter valued at approximately $149,000. Institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OPLN shares. Robert W. Baird set a $40.00 target price on Openlane in a report on Wednesday, May 6th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. upped their target price on Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Barclays upped their target price on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Openlane Trading Down 1.7%

NYSE OPLN opened at $34.44 on Wednesday. Openlane has a 12 month low of $21.84 and a 12 month high of $38.52. The stock has a market capitalization of $3.65 billion, a PE ratio of -33.76, a P/E/G ratio of 1.81 and a beta of 1.22. The business has a fifty day moving average of $30.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16.

Openlane (NYSE:OPLN) last released its earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm had revenue of $527.90 million for the quarter. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s 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 forecast that Openlane will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total transaction of $234,260.00. Following the transaction, the insider directly owned 15,914 shares of the company’s stock, valued at $573,540.56. This represents a 29.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James P. Coyle sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 200,416 shares of company stock valued at $6,568,773. Insiders own 2.22% of the company’s stock.

Openlane 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.