Openlane (NYSE:OPLN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Openlane (NYSE:OPLN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $43.8333.

OPLN has been the subject of several analyst reports. Robert W. Baird set a $40.00 price target on shares of Openlane in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Zacks Research raised shares of Openlane from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Bank of America boosted their target price on shares of Openlane from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Northcoast Research set a $50.00 price target on shares of Openlane in a research report on Wednesday, August 5th.

Insider Buying and Selling at Openlane

In other Openlane news, CEO Peter J. Kelly acquired 14,830 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of $33.72 per share, with a total value of $500,067.60. Following the purchase, the chief executive officer directly owned 14,830 shares of the company’s stock, valued at $500,067.60. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Openlane

A number of hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Openlane by 6.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,549 shares of the company’s stock valued at $162,000 after buying an additional 353 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Openlane by 94.2% during the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock worth $40,000 after buying an additional 475 shares in the last quarter. Nykredit A S acquired a new stake in shares of Openlane during the 2nd quarter worth approximately $46,000. Allworth Financial LP acquired a new stake in shares of Openlane during the 4th quarter worth approximately $38,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the 4th quarter valued at $39,000. 99.76% of the stock is currently owned by institutional investors.

Openlane Stock Up 0.9%

NYSE:OPLN opened at $34.62 on Thursday. Openlane has a one year low of $24.32 and a one year 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 company has a market cap of $4.25 billion, a PE ratio of -40.73, a P/E/G ratio of 2.11 and a beta of 1.28. The firm’s 50 day simple moving average is $38.53 and its 200 day simple moving average is $34.08.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $554.60 million during the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The firm’s quarterly 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, research analysts anticipate that Openlane will post 1.45 earnings per share for the current year.

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.