Polen Capital Management LLC Takes Position in Openlane $OPLN

Polen Capital Management LLC acquired a new stake in shares of Openlane (NYSE:OPLN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 46,259 shares of the company’s stock, valued at approximately $1,378,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in shares of Openlane during the 4th quarter valued at about $348,271,000. Geode Capital Management LLC acquired a new position in shares of Openlane during the 4th quarter valued at about $79,199,000. Bank of New York Mellon Corp acquired a new position in shares of Openlane during the 4th quarter valued at about $24,288,000. Kimelman & Baird LLC acquired a new position in shares of Openlane during the 4th quarter valued at about $24,117,000. Finally, Paradice Investment Management LLC acquired a new position in shares of Openlane during the 4th quarter valued at about $23,837,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OPLN. Northcoast Research set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $33.00 to $38.00 in a research note on Wednesday, May 27th. Barclays upped their price objective on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Insider Transactions at Openlane

In other news, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $38.31, for a total transaction of $153,240.00. Following the completion of the sale, the executive vice president owned 24,697 shares in the company, valued at approximately $946,142.07. The trade was a 13.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Clyde Mitchell sold 6,500 shares of the business’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 owned 15,914 shares of the company’s stock, valued at $573,540.56. The trade was a 29.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,972 shares of company stock worth $4,018,932 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Openlane Stock Performance

Shares of NYSE:OPLN opened at $38.75 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a 1 year low of $22.09 and a 1 year high of $38.87. The stock has a market cap of $4.11 billion, a PE ratio of -37.99, a P/E/G ratio of 1.88 and a beta of 1.27. The business’s 50-day moving average price is $33.94.

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 quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Analysts predict that Openlane will post 1.31 earnings per share for the current year.

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.