Measured Wealth Private Client Group LLC Makes New $397,000 Investment in Openlane $OPLN

Measured Wealth Private Client Group LLC acquired a new position in Openlane (NYSE:OPLN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,333 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds also recently modified their holdings of OPLN. Salomon & Ludwin LLC bought a new stake in shares of Openlane in the 4th quarter worth approximately $26,000. First Horizon Corp bought a new stake in shares of Openlane in the 4th quarter worth approximately $27,000. Allworth Financial LP bought a new stake in shares of Openlane in the 4th quarter worth approximately $38,000. Fifth Third Bancorp bought a new stake in shares of Openlane in the 4th quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Openlane in the 4th quarter worth approximately $42,000. Institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling

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 value of $2,386,180.93. Following the completion of the transaction, the executive vice president directly owned 28,697 shares of the company’s stock, valued at approximately $1,026,491.69. This represents a 69.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was 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 directly owned 74,334 shares of the company’s stock, valued at approximately $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 111,972 shares of company stock valued at $4,018,932. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on OPLN shares. Barclays raised their price objective on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $40.00 price objective on Openlane in a research report on Wednesday, May 6th. Weiss Ratings downgraded Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. raised Openlane from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $38.00 in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Openlane presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Openlane Trading Up 1.3%

Shares of OPLN opened at $38.14 on Friday. Openlane has a 1 year low of $22.09 and a 1 year high of $38.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average of $32.15. The firm has a market cap of $4.04 billion, a PE ratio of -37.39, a PEG ratio of 1.97 and a beta of 1.22.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $527.90 million during the quarter. During the same period in the previous year, the company posted $0.31 earnings per share. 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 forecast that Openlane will post 1.31 EPS for the current fiscal 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.