SG Americas Securities LLC Acquires New Holdings in Openlane $OPLN

SG Americas Securities LLC bought a new stake in Openlane (NYSE:OPLN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,042 shares of the company’s stock, valued at approximately $1,284,000.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank bought a new stake in shares of Openlane in the 4th quarter valued at $951,000. Nicholas Company Inc. acquired a new stake in shares of Openlane in the 4th quarter valued at about $6,380,000. New York State Teachers Retirement System bought a new stake in shares of Openlane in the fourth quarter valued at about $2,152,000. Paradice Investment Management LLC acquired a new position in shares of Openlane during the fourth quarter worth about $23,837,000. Finally, Strs Ohio acquired a new position in shares of Openlane during the fourth quarter worth about $1,072,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays upped their price target on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Robert W. Baird set a $40.00 price target on Openlane in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Openlane Stock Performance

OPLN stock opened at $40.51 on Friday. Openlane has a 52 week low of $24.10 and a 52 week high of $42.90. The firm has a market capitalization of $4.29 billion, a P/E ratio of -39.71, a PEG ratio of 2.09 and a beta of 1.26. The company has a 50-day simple moving average of $36.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16.

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, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $527.90 million during the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, analysts forecast that Openlane will post 1.31 EPS for the current year.

Insider Buying and Selling at Openlane

In related news, EVP James P. Coyle sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 58,512 shares in the company, valued at approximately $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Tobin P. Richer sold 66,709 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $2,386,180.93. Following the sale, the executive vice president directly owned 28,697 shares in the company, valued at $1,026,491.69. This represents a 69.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 111,972 shares of company stock valued at $4,018,932 over the last ninety days. Company insiders own 2.22% of the company’s stock.

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.