Man Group plc Invests $3.42 Million in Openlane $OPLN

Man Group plc bought a new stake in Openlane (NYSE:OPLN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 83,037 shares of the company’s stock, valued at approximately $3,424,000.

A number of other institutional investors have also added to or reduced their stakes in OPLN. Jupiter Topco LLC bought a new position in Openlane in the second quarter worth approximately $2,023,000. Hsbc Holdings PLC acquired a new position in shares of Openlane during the second quarter worth approximately $4,716,000. Canada Pension Plan Investment Board bought a new position in shares of Openlane in the 2nd quarter worth $565,000. Manatuck Hill Partners LLC acquired a new stake in Openlane in the 2nd quarter valued at $10,310,000. Finally, Castleark Management LLC bought a new stake in Openlane during the 2nd quarter valued at $8,958,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Openlane Stock Performance

OPLN stock opened at $35.62 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.37 billion, a PE ratio of -41.91, a P/E/G ratio of 2.16 and a beta of 1.28. The business has a 50 day moving average of $38.36 and a 200-day moving average of $34.21. Openlane has a 12-month low of $24.32 and a 12-month high of $42.90.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $554.60 million for the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.Openlane’s quarterly revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, sell-side analysts expect that Openlane will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on OPLN shares. Robert W. Baird set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Barclays upped their target price on shares of Openlane from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research note on Wednesday, August 26th. Zacks Research raised Openlane from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Northcoast Research set a $50.00 target price on Openlane in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Insider Buying and Selling at Openlane

In related news, CEO Peter J. Kelly purchased 14,830 shares of Openlane stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the completion of the transaction, the chief executive officer owned 14,830 shares in the company, valued at $500,067.60. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.22% of the company’s stock.

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.