Openlane (NYSE:OPLN) Stock Rating Lowered by Zacks Research

Openlane (NYSE:OPLN) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on OPLN. JPMorgan Chase & Co. raised their target price on Openlane from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Stephens raised their price objective on Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Weiss Ratings began coverage on Openlane in a research note on Thursday, January 15th. They set a “buy (b-)” rating for the company. Finally, Barclays raised their price target on shares of Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.33.

Openlane Price Performance

OPLN stock opened at $26.14 on Monday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -21.97, a PEG ratio of 1.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 1.16. Openlane has a 12 month low of $17.08 and a 12 month high of $31.78.

Openlane (NYSE:OPLN) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $494.30 million for the quarter. Openlane had a return on equity of 12.74% and a net margin of 9.19%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insider Activity

In related news, EVP James P. Coyle sold 88,444 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $28.83, for a total value of $2,549,840.52. Following the completion of the transaction, the executive vice president owned 63,869 shares in the company, valued at $1,841,343.27. This trade represents a 58.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Openlane

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new position in shares of Openlane during the fourth quarter valued at $348,271,000. Bank of Montreal Can acquired a new stake in Openlane in the fourth quarter valued at $220,158,000. Dimensional Fund Advisors LP bought a new position in Openlane during the 4th quarter worth $200,309,000. State Street Corp bought a new position in Openlane during the 4th quarter worth $127,581,000. Finally, Neuberger Berman Group LLC acquired a new position in Openlane during the 4th quarter worth about $103,876,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.