Openlane (NYSE:OPLN) Lowered to Strong Sell Rating by Zacks Research

Openlane (NYSE:OPLN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also recently commented on OPLN. JPMorgan Chase & Co. increased their target price on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Stephens increased their price objective on shares of Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Weiss Ratings initiated coverage on shares of Openlane in a research report on Thursday, January 15th. They issued a “buy (b-)” rating for the company. Finally, Barclays upped their target price on shares of Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.33.

Openlane Stock Down 0.9%

NYSE OPLN opened at $26.14 on Monday. Openlane has a 1-year low of $17.08 and a 1-year high of $31.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $2.78 billion, a PE ratio of -21.97, a PEG ratio of 1.23 and a beta of 1.24.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Openlane had a return on equity of 12.74% and a net margin of 9.19%.The business had revenue of $494.30 million for the quarter. During the same quarter in the previous year, the business posted $0.21 EPS. Openlane’s revenue was up 8.6% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insider Activity at Openlane

In other news, EVP James P. Coyle sold 88,444 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $28.83, for a total value of $2,549,840.52. Following the transaction, the executive vice president owned 63,869 shares of the company’s stock, valued at $1,841,343.27. This represents a 58.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.32% of the company’s stock.

Institutional Investors Weigh In On Openlane

A number of institutional investors have recently made changes to their positions in OPLN. Salomon & Ludwin LLC bought a new stake in Openlane in the fourth quarter valued at about $26,000. First Horizon Corp bought a new position in Openlane during the fourth quarter worth about $27,000. Allworth Financial LP acquired a new position in shares of Openlane during the 4th quarter worth about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the 4th quarter valued at about $39,000. Finally, Fifth Third Bancorp bought a new stake in shares of Openlane in the 4th quarter valued at about $40,000. 99.76% of the stock is owned by institutional investors and hedge funds.

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.