Clearbridge Investments LLC Takes Position in Openlane $OPLN

Clearbridge Investments LLC bought a new position in shares of Openlane (NYSE:OPLN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 252,738 shares of the company’s stock, valued at approximately $7,527,000.

Other hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in Openlane during the 4th quarter worth about $26,000. First Horizon Corp purchased a new position in shares of Openlane in the 4th quarter valued at about $27,000. Allworth Financial LP purchased a new position in shares of Openlane in the 4th quarter valued at about $38,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Openlane in the 4th quarter valued at about $39,000. Finally, Fifth Third Bancorp purchased a new position in shares of Openlane in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00. Following the completion of the sale, the executive vice president owned 58,512 shares of the company’s stock, valued at approximately $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the sale, the insider directly owned 15,914 shares of the company’s stock, valued at approximately $573,540.56. This trade represents a 29.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 111,972 shares of company stock valued at $4,018,932. 2.22% of the stock is owned by company insiders.

Openlane Stock Down 1.2%

NYSE OPLN opened at $36.70 on Thursday. Openlane has a fifty-two week low of $22.09 and a fifty-two week high of $38.82. The firm has a market capitalization of $3.89 billion, a PE ratio of -35.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The business has a fifty day moving average of $33.75. 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 released its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $527.90 million during the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The business’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, analysts anticipate that Openlane will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OPLN. Northcoast Research set a $40.00 price target on Openlane in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays raised their price target on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.