Insider Selling: Openlane (NYSE:OPLN) EVP Sells $708,701.18 in Stock

Openlane (NYSE:OPLN) EVP Charles Coleman sold 19,763 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the sale, the executive vice president directly owned 74,334 shares in the company, valued at $2,665,617.24. This trade represents a 21.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Openlane Price Performance

NYSE:OPLN opened at $37.91 on Monday. The firm has a 50 day moving average price of $29.59. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of -37.16 and a beta of 1.22. Openlane has a 1-year low of $21.62 and a 1-year high of $38.49.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $527.90 million during the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, sell-side analysts expect that Openlane will post 1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Openlane

Several institutional investors and hedge funds have recently bought and sold shares of OPLN. Yousif Capital Management LLC acquired a new position in Openlane during the fourth quarter worth approximately $857,000. Smith Moore & CO. acquired a new position in Openlane during the fourth quarter worth approximately $448,000. State of Alaska Department of Revenue acquired a new position in Openlane during the fourth quarter worth approximately $2,211,000. Guidance Capital Inc. acquired a new position in Openlane during the fourth quarter worth approximately $770,000. Finally, CWM LLC acquired a new position in Openlane during the fourth quarter worth approximately $320,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

OPLN has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird set a $40.00 price objective on shares of Openlane in a research report on Wednesday. Stephens boosted their price objective on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings lowered shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Openlane presently has an average rating of “Moderate Buy” and an average target price of $38.00.

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.