Openlane (NYSE:OPLN) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Openlane (NYSE:OPLN) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on OPLN. Weiss Ratings assumed coverage on shares of Openlane in a research report on Thursday, January 15th. They set a “buy (b-)” rating for the company. Barclays increased their price target on shares of Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Stephens lifted their price target on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.33.

Openlane Trading Down 0.9%

Shares of Openlane stock opened at $26.14 on Monday. Openlane has a one year low of $17.08 and a one year high of $31.78. The company has a market cap of $2.78 billion, a P/E ratio of -21.97, a P/E/G ratio of 1.23 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.43.

Openlane (NYSE:OPLN) last issued its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Openlane had a net margin of 9.19% and a return on equity of 12.74%. The company had revenue of $494.30 million during the quarter. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the sale, the executive vice president directly owned 63,869 shares in the company, valued at $1,841,343.27. This represents a 58.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.32% of the stock is currently owned by insiders.

Institutional Trading of Openlane

Large investors have recently modified their holdings of the stock. Comerica Bank purchased a new stake in Openlane during the 4th quarter worth about $951,000. New York State Teachers Retirement System acquired a new position in shares of Openlane during the fourth quarter worth about $2,152,000. Horizon Investments LLC purchased a new stake in shares of Openlane during the fourth quarter worth approximately $813,000. Equitable Trust Co. acquired a new stake in Openlane in the fourth quarter valued at approximately $377,000. Finally, Strs Ohio acquired a new stake in Openlane in the fourth quarter valued at approximately $1,072,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.