Openlane $OPLN Shares Sold by RBF Capital LLC

RBF Capital LLC lessened its holdings in Openlane (NYSE:OPLN) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,000 shares of the company’s stock after selling 13,000 shares during the period. RBF Capital LLC’s holdings in Openlane were worth $5,743,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OPLN. Vanguard Group Inc. purchased a new stake in shares of Openlane during the fourth quarter worth $348,271,000. Bank of Montreal Can acquired a new stake in shares of Openlane in the fourth quarter valued at $220,158,000. Dimensional Fund Advisors LP purchased a new position in Openlane in the fourth quarter valued at $200,309,000. State Street Corp purchased a new position in Openlane in the fourth quarter valued at $127,581,000. Finally, Neuberger Berman Group LLC acquired a new position in Openlane during the 4th quarter worth $103,876,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

OPLN has been the topic of several recent research reports. Robert W. Baird set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Northcoast Research set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Stephens reissued an “overweight” rating and set a $42.00 price objective on shares of Openlane in a research report on Thursday, June 11th. Zacks Research upgraded shares of Openlane from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, Barclays raised their target price on shares of Openlane from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.67.

Openlane Trading Down 0.0%

Openlane stock opened at $40.33 on Thursday. The stock has a market cap of $4.27 billion, a PE ratio of -39.54, a P/E/G ratio of 2.24 and a beta of 1.26. The stock’s fifty day moving average price is $38.81. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a 12-month low of $24.10 and a 12-month high of $42.90.

Openlane (NYSE:OPLN) last posted its quarterly earnings results 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 company had revenue of $527.90 million for the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, sell-side analysts forecast that Openlane will post 1.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Tobin P. Richer sold 66,709 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 28,697 shares in the company, valued at approximately $1,026,491.69. This represents a 69.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Clyde Mitchell sold 6,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the sale, the insider directly owned 15,914 shares in the company, valued at $573,540.56. This trade represents a 29.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 111,972 shares of company stock worth $4,018,932. Insiders own 2.22% of the company’s stock.

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.