Clifford Capital Partners LLC Takes $18.27 Million Position in Openlane $OPLN

Clifford Capital Partners LLC purchased a new stake in Openlane (NYSE:OPLN) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 613,398 shares of the company’s stock, valued at approximately $18,267,000. Openlane comprises approximately 3.1% of Clifford Capital Partners LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC acquired a new stake in Openlane in the fourth quarter valued at $26,000. First Horizon Corp acquired a new stake in Openlane in the fourth quarter valued at $27,000. Allworth Financial LP acquired a new stake in Openlane in the fourth quarter valued at $38,000. Nomura Asset Management Co. Ltd. acquired a new stake in Openlane in the fourth quarter valued at $39,000. Finally, Fifth Third Bancorp acquired a new stake in Openlane in the fourth quarter valued at $40,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Openlane

In related news, EVP James P. Coyle sold 15,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles S. Coleman sold 19,763 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the transaction, the executive vice president owned 74,334 shares of the company’s stock, valued at $2,665,617.24. This represents a 21.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 111,972 shares of company stock worth $4,018,932. 2.22% of the stock is currently owned by corporate insiders.

Openlane Stock Down 3.4%

Shares of OPLN opened at $37.21 on Thursday. The firm has a 50-day moving average of $34.61. The company has a market cap of $3.94 billion, a price-to-earnings ratio of -36.48, a PEG ratio of 1.98 and a beta of 1.27. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a 52-week low of $22.09 and a 52-week high of $39.26.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OPLN shares. Robert W. Baird set a $40.00 price target on shares of Openlane in a report on Wednesday, May 6th. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Stephens reaffirmed an “overweight” rating and issued a $42.00 price target on shares of Openlane in a report on Thursday, June 11th. JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and upped their price target for the company from $33.00 to $38.00 in a report on Wednesday, May 27th. Finally, Barclays upped their price target on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Openlane has an average rating of “Moderate Buy” and an average price target of $40.00.

Openlane 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.