Openlane (NYSE:OPLN) Receives Consensus Rating of “Moderate Buy” from Analysts

Openlane (NYSE:OPLN) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $43.83.

A number of research firms have commented on OPLN. Weiss Ratings restated a “hold (c)” rating on shares of Openlane in a research note on Wednesday, August 26th. Bank of America increased their target price on shares of Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Zacks Research lowered Openlane from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Stephens restated an “overweight” rating and issued a $42.00 price target on shares of Openlane in a research report on Thursday, June 11th. Finally, Northcoast Research set a $50.00 price objective on Openlane in a research note on Wednesday, August 5th.

Openlane Stock Performance

Shares of OPLN opened at $34.84 on Monday. The company’s 50 day simple moving average is $36.27 and its 200-day simple moving average is $35.05. The firm has a market cap of $4.28 billion, a PE ratio of -40.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.26. Openlane has a 12-month low of $24.32 and a 12-month high of $42.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $554.60 million during the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities analysts predict that Openlane will post 1.45 EPS for the current year.

Insider Buying and Selling at Openlane

In related news, CEO Peter Kelly bought 14,830 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer owned 14,830 shares in the company, valued at approximately $500,067.60. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Openlane

Several hedge funds have recently modified their holdings of OPLN. BlackRock Inc. acquired a new position in Openlane in the 2nd quarter valued at $660,070,000. Hawk Ridge Capital Management LP lifted its stake in shares of Openlane by 72.5% in the 1st quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock worth $144,792,000 after acquiring an additional 2,087,200 shares during the period. Brown Advisory Inc. purchased a new stake in shares of Openlane in the fourth quarter valued at about $89,825,000. Geode Capital Management LLC purchased a new stake in shares of Openlane in the fourth quarter valued at about $79,199,000. Finally, Sunriver Management LLC increased its stake in shares of Openlane by 1.3% during the first quarter. Sunriver Management LLC now owns 1,518,196 shares of the company’s stock worth $44,255,000 after acquiring an additional 19,634 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Openlane Company Profile

OPENLANE, Inc operates a digital wholesale marketplace for used vehicles, connecting automobile dealers, manufacturers, fleet operators, rental companies and other commercial sellers with buyers. The company facilitates vehicle auctions and sales through online platforms and physical auction locations, helping customers source, sell and manage wholesale vehicles.

Its services include online and in-person auctions, vehicle inspections, condition reporting, transportation, title and registration support, reconditioning, and other transaction-related services.