Insider Buying: Openlane (NYSE:OPLN) CEO Purchases $500,067.60 in Stock

Openlane (NYSE:OPLN) CEO Peter Kelly purchased 14,830 shares of the company’s stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $33.72 per share, with a total value of $500,067.60. Following the purchase, the chief executive officer owned 14,830 shares of the company’s stock, valued at approximately $500,067.60. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Openlane Price Performance

OPLN opened at $35.11 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4.31 billion, a P/E ratio of -41.31, a PEG ratio of 2.18 and a beta of 1.28. The stock has a 50-day moving average price of $38.42 and a 200-day moving average price of $34.13. Openlane has a 12-month low of $24.32 and a 12-month high of $42.90.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $554.60 million for the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.Openlane’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. Equities analysts predict that Openlane will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC purchased a new position in shares of Openlane in the fourth quarter worth $320,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Openlane during the 4th quarter valued at $649,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Openlane during the 4th quarter valued at $472,000. Arizona State Retirement System bought a new stake in Openlane in the 4th quarter worth $880,000. Finally, NBC Securities Inc. bought a new stake in Openlane in the 4th quarter worth $296,000. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OPLN shares. Bank of America boosted their price objective on shares of Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Northcoast Research set a $50.00 target price on shares of Openlane in a research report on Wednesday, August 5th. Stephens reissued an “overweight” rating and issued a $42.00 price target on shares of Openlane in a research note on Thursday, June 11th. Zacks Research upgraded shares of Openlane from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Barclays raised their price objective on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Openlane has an average rating of “Moderate Buy” and a consensus target price of $43.83.

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.