Jackson Creek Investment Advisors LLC Invests $2.06 Million in Openlane $OPLN

Jackson Creek Investment Advisors LLC purchased a new position in shares of Openlane (NYSE:OPLN) during the fourth quarter, Holdings Channel.com reports. The fund purchased 69,128 shares of the company’s stock, valued at approximately $2,059,000. Openlane comprises about 0.6% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 29th largest position.

A number of other large investors have also modified their holdings of OPLN. Yousif Capital Management LLC purchased a new stake in shares of Openlane during the fourth quarter worth about $857,000. Smith Moore & CO. purchased a new stake in shares of Openlane during the fourth quarter worth about $448,000. State of Alaska Department of Revenue purchased a new stake in shares of Openlane during the fourth quarter worth about $2,211,000. Guidance Capital Inc. purchased a new stake in shares of Openlane during the fourth quarter worth about $770,000. Finally, CWM LLC purchased a new stake in shares of Openlane during the fourth quarter worth about $320,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Openlane Price Performance

Shares of NYSE:OPLN opened at $35.66 on Wednesday. Openlane has a 1 year low of $22.09 and a 1 year high of $38.52. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -34.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The company’s 50 day simple moving average is $31.53.

Openlane (NYSE:OPLN) last announced its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business earned $0.31 EPS. 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. On average, sell-side analysts expect that Openlane will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OPLN has been the topic of a number of research analyst reports. Weiss Ratings lowered Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Robert W. Baird set a $40.00 target price on Openlane in a research report on Wednesday, May 6th. Finally, Northcoast Research set a $40.00 target price on Openlane in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

Insiders Place Their Bets

In other news, EVP Tobin P. Richer sold 66,709 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $2,386,180.93. Following the transaction, the executive vice president owned 28,697 shares in the company, valued at $1,026,491.69. This trade represents a 69.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total value of $708,701.18. Following the completion of the transaction, the executive vice president owned 74,334 shares in the company, valued at $2,665,617.24. The trade was a 21.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 111,972 shares of company stock worth $4,018,932. Corporate insiders own 2.22% of the company’s stock.

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.