Openlane (NYSE:OPLN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Openlane (NYSE:OPLN) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.8333.

Several equities analysts have recently issued reports on OPLN shares. Bank of America lifted 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. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Barclays raised their price objective on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of Openlane in a report on Thursday, June 11th. Finally, Robert W. Baird set a $40.00 target price on Openlane in a research note on Wednesday, May 6th.

Insider Transactions at Openlane

In related news, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the transaction, the insider owned 15,914 shares in the company, valued at $573,540.56. The trade was a 29.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OPLN. BlackRock Inc. purchased a new stake in shares of Openlane during the second quarter valued at approximately $660,070,000. Vanguard Group Inc. bought a new stake in shares of Openlane during the fourth quarter valued at approximately $348,271,000. Bank of Montreal Can purchased a new position in Openlane in the 4th quarter worth approximately $220,158,000. Dimensional Fund Advisors LP purchased a new position in Openlane in the 4th quarter worth approximately $200,309,000. Finally, Hawk Ridge Capital Management LP lifted its position in Openlane by 72.5% in the 1st quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock valued at $144,792,000 after acquiring an additional 2,087,200 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Openlane Trading Down 1.8%

Shares of NYSE OPLN opened at $36.95 on Friday. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90. The stock has a market cap of $4.54 billion, a P/E ratio of -43.47, a price-to-earnings-growth ratio of 2.24 and a beta of 1.28. The firm has a 50-day moving average of $39.21 and a 200 day moving average of $33.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.16.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $554.60 million for the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. Openlane’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. As a group, sell-side analysts expect that Openlane will post 1.47 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.