University of Texas Texas AM Investment Management Co. Purchases Shares of 22,264 Openlane $OPLN

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Openlane (NYSE:OPLN) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 22,264 shares of the company’s stock, valued at approximately $663,000.

Several other large investors have also made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in Openlane during the fourth quarter worth about $3,539,000. Verition Fund Management LLC purchased a new position in shares of Openlane in the 4th quarter worth about $259,000. Mariner LLC acquired a new position in shares of Openlane in the 4th quarter valued at about $547,000. Entropy Technologies LP purchased a new stake in shares of Openlane during the 4th quarter worth about $320,000. Finally, Barclays PLC purchased a new stake in shares of Openlane during the 4th quarter worth about $4,902,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Openlane news, EVP Tobin P. Richer sold 4,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.31, for a total transaction of $153,240.00. Following the transaction, the executive vice president directly owned 24,697 shares in the company, valued at $946,142.07. This represents a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William Clyde Mitchell sold 6,500 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.04, for a total transaction of $234,260.00. Following the transaction, the insider directly owned 15,914 shares in the company, valued at $573,540.56. The trade was a 29.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,972 shares of company stock valued at $4,018,932 in the last three months. 2.22% of the stock is owned by insiders.

Openlane Trading Up 1.6%

OPLN opened at $38.42 on Tuesday. The company’s fifty day moving average price is $34.28. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of -37.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Openlane has a twelve month low of $22.09 and a twelve month high of $38.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16.

Openlane (NYSE:OPLN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $527.90 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, analysts forecast that Openlane will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird set a $40.00 price target on shares of Openlane in a report on Wednesday, May 6th. Northcoast Research set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Openlane 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.