Openlane (NYSE:OPLN) Receives $43.83 Average Target Price from Analysts

Openlane (NYSE:OPLN) has received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $43.8333.

A number of analysts recently commented on OPLN shares. Bank of America lifted their price objective on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Barclays upped their target price on shares of Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Stephens reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Openlane in a research note on Thursday, June 11th. JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded shares of Openlane from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th.

Insider Buying and Selling

In other Openlane news, CEO Peter Kelly bought 14,830 shares of the stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $33.72 per share, with a total value of $500,067.60. Following the acquisition, the chief executive officer owned 14,830 shares of the company’s stock, valued at approximately $500,067.60. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Openlane during the second quarter worth about $660,070,000. Brown Advisory Inc. acquired a new position in shares of Openlane during the 4th quarter worth about $89,825,000. Geode Capital Management LLC bought a new stake in shares of Openlane in the 4th quarter valued at about $79,199,000. Hawk Ridge Capital Management LP increased its stake in shares of 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 during the last quarter. Finally, Park West Asset Management LLC acquired a new stake in shares of Openlane in the 2nd quarter valued at approximately $46,368,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Openlane Stock Down 1.2%

Shares of OPLN opened at $34.21 on Monday. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -40.25, a PEG ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average price is $36.49 and its two-hundred day moving average price is $35.01. Openlane has a 52 week low of $24.32 and a 52 week high of $42.90.

Openlane (NYSE:OPLN) last released its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The company had revenue of $554.60 million during the quarter. The business’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. On average, analysts predict that Openlane will post 1.45 earnings per share for the current year.

Openlane Company Profile

OPENLANE, Inc operates a digital wholesale marketplace for used vehicles, connecting automobile dealers, manufacturers, fleet operators, rental companies and other commercial sellers with buyers. The company facilitates vehicle auctions and sales through online platforms and physical auction locations, helping customers source, sell and manage wholesale vehicles.

Its services include online and in-person auctions, vehicle inspections, condition reporting, transportation, title and registration support, reconditioning, and other transaction-related services.