Los Angeles Capital Management LLC Buys New Position in Openlane $OPLN

Los Angeles Capital Management LLC bought a new stake in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 51,495 shares of the company’s stock, valued at approximately $1,534,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vestcor Inc bought a new position in shares of Openlane in the 4th quarter worth $148,000. State of Wyoming bought a new stake in shares of Openlane during the 4th quarter worth $978,000. TD Asset Management Inc purchased a new position in Openlane in the fourth quarter worth $1,492,000. Lido Advisors LLC bought a new position in Openlane in the fourth quarter valued at $327,000. Finally, Bank of New York Mellon Corp purchased a new stake in Openlane during the fourth quarter valued at about $24,288,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP Charles S. Coleman sold 19,763 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the sale, the executive vice president owned 74,334 shares of the company’s stock, valued at approximately $2,665,617.24. This represents a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James P. Coyle sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 58,512 shares in the company, valued at $2,092,974.24. This represents a 20.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 111,972 shares of company stock valued at $4,018,932 in the last 90 days. 2.22% of the stock is owned by insiders.

Openlane Stock Down 1.2%

NYSE OPLN opened at $36.70 on Thursday. The company’s 50-day simple moving average is $33.75. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a 12-month low of $22.09 and a 12-month high of $38.82. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -35.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

Openlane (NYSE:OPLN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm had revenue of $527.90 million for the quarter. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Equities analysts expect that Openlane will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OPLN. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Barclays raised their price objective on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Openlane from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Northcoast Research set a $40.00 price target on shares of Openlane in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Openlane currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Openlane Company 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.