Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Stake in Openlane $OPLN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,307 shares of the company’s stock, valued at approximately $783,000.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new stake in Openlane during the fourth quarter valued at $348,271,000. Geode Capital Management LLC bought a new stake in Openlane during the fourth quarter valued at $79,199,000. Kimelman & Baird LLC bought a new stake in Openlane during the fourth quarter valued at $24,117,000. Paradice Investment Management LLC bought a new stake in Openlane during the fourth quarter valued at $23,837,000. Finally, William Blair Investment Management LLC bought a new stake in Openlane during the fourth quarter valued at $15,206,000. Institutional investors own 99.76% of the company’s stock.

Insider Transactions at Openlane

In other news, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the transaction, the insider directly owned 15,914 shares in the company, valued at approximately $573,540.56. This represents a 29.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James P. Coyle sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was 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 of the company’s stock, valued at $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,972 shares of company stock valued at $4,018,932 over the last quarter. 2.22% of the stock is owned by company insiders.

Openlane Trading Up 2.0%

OPLN opened at $37.18 on Wednesday. The business has a 50-day moving average price of $33.57. Openlane has a 12-month low of $22.09 and a 12-month high of $38.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $3.94 billion, a PE ratio of -36.45, a P/E/G ratio of 1.87 and a beta of 1.27.

Openlane (NYSE:OPLN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter. During the same quarter in the previous year, the company posted $0.31 earnings per share. Openlane’s revenue for the quarter was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities research analysts predict that Openlane will post 1.31 EPS for the current year.

Analysts Set New Price Targets

OPLN has been the subject of several research analyst reports. Robert W. Baird set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Barclays upped their price objective on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Northcoast Research set a $40.00 price objective on Openlane in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Openlane currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.