Teton Advisors LLC Makes New Investment in Openlane $OPLN

Teton Advisors LLC acquired a new stake in Openlane (NYSE:OPLN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,000 shares of the company’s stock, valued at approximately $774,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in Openlane in the 4th quarter worth approximately $26,000. First Horizon Corp acquired a new stake in Openlane in the 4th quarter valued at approximately $27,000. Allworth Financial LP bought a new stake in Openlane during the 4th quarter valued at $38,000. Fifth Third Bancorp acquired a new position in Openlane during the 4th quarter worth $40,000. Finally, North Star Investment Management Corp. bought a new position in shares of Openlane in the fourth quarter worth $47,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Openlane

In related news, insider William Clyde Mitchell sold 6,500 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $36.04, for a total transaction of $234,260.00. Following the completion of the sale, the insider directly owned 15,914 shares of the company’s stock, valued at $573,540.56. This represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total transaction of $708,701.18. Following the sale, the executive vice president owned 74,334 shares of the company’s stock, valued at $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 200,416 shares of company stock valued at $6,568,773 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Northcoast Research set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Openlane from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $40.00 price objective on shares of Openlane in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Openlane Stock Down 0.0%

Shares of Openlane stock opened at $34.89 on Monday. The company has a fifty day moving average price of $30.55. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -34.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.22. Openlane has a fifty-two week low of $21.84 and a fifty-two 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.

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

Openlane 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.