Deutsche Bank AG Takes $4.87 Million Position in Openlane $OPLN

Deutsche Bank AG bought a new stake in Openlane (NYSE:OPLN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 118,184 shares of the company’s stock, valued at approximately $4,874,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Openlane in the 4th quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the 4th quarter valued at about $39,000. Fifth Third Bancorp acquired a new stake in Openlane in the 4th quarter valued at about $40,000. Versant Capital Management Inc lifted its stake in Openlane by 94.2% in the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock valued at $40,000 after purchasing an additional 475 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in Openlane during the fourth quarter worth about $42,000. 99.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OPLN. Wall Street Zen downgraded Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Bank of America lifted their target price on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. upgraded Openlane from a “neutral” rating to an “overweight” rating and increased their price target for the company from $33.00 to $38.00 in a research note on Wednesday, May 27th. Finally, Northcoast Research set a $50.00 target price on shares of Openlane in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Openlane has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Openlane Stock Up 0.9%

OPLN stock opened at $34.36 on Wednesday. Openlane has a fifty-two week low of $24.32 and a fifty-two week high of $42.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of -40.43, a PEG ratio of 2.09 and a beta of 1.28. The business’s fifty day moving average price is $38.58 and its two-hundred day moving average price is $34.04.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The business had revenue of $554.60 million for the quarter. The business’s revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities analysts anticipate that Openlane will post 1.45 earnings per share for the current year.

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.