83,037 Shares in Openlane $OPLN Bought by Man Group plc

Man Group plc acquired a new stake in Openlane (NYSE:OPLN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 83,037 shares of the company’s stock, valued at approximately $3,424,000. Man Group plc owned approximately 0.07% of Openlane as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OPLN. PNC Financial Services Group Inc. lifted its holdings in shares of Openlane by 6.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,549 shares of the company’s stock worth $162,000 after acquiring an additional 353 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Openlane by 94.2% during the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock valued at $40,000 after purchasing an additional 475 shares during the last quarter. Allworth Financial LP acquired a new position in Openlane during the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. bought a new position in Openlane in the 4th quarter valued at approximately $39,000. Finally, Fifth Third Bancorp bought a new position in Openlane in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

OPLN has been the subject of several research analyst reports. Stephens reiterated an “overweight” rating and set a $42.00 price target on shares of Openlane in a report on Thursday, June 11th. Bank of America boosted their price objective on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Robert W. Baird set a $40.00 target price on Openlane in a research report on Wednesday, May 6th. Barclays lifted their price target on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Openlane from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Insider Activity at Openlane

In related news, CEO Peter J. Kelly acquired 14,830 shares of Openlane stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $33.72 per share, with a total value of $500,067.60. Following the transaction, the chief executive officer directly owned 14,830 shares in the company, valued at $500,067.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by company insiders.

Openlane Stock Up 1.5%

Shares of NYSE:OPLN opened at $35.62 on Tuesday. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $38.36 and its 200-day moving average is $34.21. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of -41.91, a P/E/G ratio of 2.16 and a beta of 1.28.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $554.60 million during the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Equities research analysts predict that Openlane will post 1.45 earnings per share for the current year.

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.