Thrivent Financial for Lutherans Takes Position in Openlane $OPLN

Thrivent Financial for Lutherans acquired a new stake in shares of Openlane (NYSE:OPLN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 73,017 shares of the company’s stock, valued at approximately $2,174,000. Thrivent Financial for Lutherans owned 0.07% of Openlane at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OPLN. Salomon & Ludwin LLC purchased a new position in shares of Openlane during the 4th quarter valued at $26,000. First Horizon Corp purchased a new position in shares of Openlane during the 4th quarter valued at $27,000. Allworth Financial LP purchased a new position in shares of Openlane during the 4th quarter valued at $38,000. Fifth Third Bancorp purchased a new position in shares of Openlane during the 4th quarter valued at $40,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Openlane during the 4th quarter valued at $47,000. Institutional investors own 99.76% of the company’s stock.

Openlane Stock Down 0.0%

Shares of OPLN stock opened at $35.40 on Tuesday. The stock has a market cap of $3.75 billion, a PE ratio of -34.70, a P/E/G ratio of 1.83 and a beta of 1.22. Openlane has a 52 week low of $21.84 and a 52 week high of $38.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The business has a fifty day moving average of $31.37.

Openlane (NYSE:OPLN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $527.90 million for the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, analysts anticipate that Openlane will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Northcoast Research set a $40.00 target price on shares of Openlane in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Robert W. Baird set a $40.00 target price on shares of Openlane in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Activity at Openlane

In other Openlane news, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.31, for a total value of $153,240.00. Following the sale, the executive vice president owned 24,697 shares in the company, valued at $946,142.07. The trade was a 13.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total transaction of $234,260.00. Following the completion of the sale, the insider owned 15,914 shares in the company, valued at approximately $573,540.56. The trade was a 29.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 111,972 shares of company stock worth $4,018,932 in the last quarter. 2.22% of the stock is owned by company insiders.

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.