28,637 Shares in Openlane $OPLN Bought by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new position in shares of Openlane (NYSE:OPLN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,637 shares of the company’s stock, valued at approximately $857,000.

Openlane Stock Performance

Shares of OPLN opened at $31.64 on Friday. The stock has a market capitalization of $3.36 billion, a P/E ratio of -26.59, a P/E/G ratio of 1.43 and a beta of 1.24. Openlane has a one year low of $17.83 and a one year high of $31.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day simple moving average of $28.53.

Openlane (NYSE:OPLN) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $494.30 million during the quarter. Openlane had a net margin of 9.19% and a return on equity of 12.74%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insider Buying and Selling

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the transaction, the executive vice president owned 63,869 shares of the company’s stock, valued at $1,841,343.27. This trade represents a 58.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

OPLN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings downgraded Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Barclays upped their price objective on Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research downgraded Openlane from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Finally, Stephens upped their price objective on Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.50.

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.