86,714 Shares in Openlane $OPLN Acquired by UBS Group AG

UBS Group AG bought a new position in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 86,714 shares of the company’s stock, valued at approximately $2,582,000. UBS Group AG owned about 0.08% of Openlane as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OPLN. Vanguard Group Inc. purchased a new stake in Openlane during the fourth quarter worth approximately $348,271,000. Paradice Investment Management LLC purchased a new stake in Openlane during the fourth quarter worth approximately $23,837,000. M&T Bank Corp purchased a new stake in Openlane during the fourth quarter worth approximately $11,642,000. State of Alaska Department of Revenue purchased a new stake in Openlane during the fourth quarter worth approximately $2,211,000. Finally, Arizona State Retirement System purchased a new stake in Openlane during the fourth quarter worth approximately $880,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on OPLN. Weiss Ratings cut Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Openlane Trading Up 0.7%

Shares of NYSE OPLN opened at $35.66 on Wednesday. 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 has a twelve month low of $22.09 and a twelve month high of $38.52. The company has a 50 day moving average price of $31.53. The stock has a market capitalization of $3.78 billion, a PE ratio of -34.96, a P/E/G ratio of 1.83 and a beta of 1.22.

Openlane (NYSE:OPLN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating 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 company had revenue of $527.90 million during the quarter. During the same quarter in the prior year, the firm posted $0.31 EPS. Openlane’s quarterly revenue was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, research analysts predict that Openlane will post 1.3 earnings per share for the current year.

Insider Buying and Selling

In other news, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was 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 of the company’s stock, valued at approximately $573,540.56. The trade was a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles S. Coleman sold 19,763 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total value of $708,701.18. Following the completion of the transaction, the executive vice president directly owned 74,334 shares in the company, valued at approximately $2,665,617.24. The trade was a 21.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 111,972 shares of company stock worth $4,018,932. 2.22% of the stock is currently owned by company insiders.

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.