613,398 Shares in Openlane $OPLN Acquired by Clifford Capital Partners LLC

Clifford Capital Partners LLC purchased a new position in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 613,398 shares of the company’s stock, valued at approximately $18,267,000. Openlane comprises 3.1% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 17th largest holding. Clifford Capital Partners LLC owned 0.58% of Openlane at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new position in Openlane during the fourth quarter worth approximately $26,000. First Horizon Corp acquired a new position in Openlane during the fourth quarter worth approximately $27,000. Allworth Financial LP acquired a new position in Openlane during the fourth quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. acquired a new position in Openlane during the fourth quarter worth approximately $39,000. Finally, Fifth Third Bancorp acquired a new position in Openlane during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OPLN shares. Wall Street Zen raised shares of Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays upped their price target on shares of Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $40.00 price target on shares of Openlane in a research report on Wednesday, May 6th. Northcoast Research set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Finally, Stephens reiterated an “overweight” rating and set a $42.00 price objective on shares of Openlane in a research note on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Openlane currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Openlane Stock Down 3.4%

OPLN opened at $37.21 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a 52-week low of $22.09 and a 52-week high of $39.26. The stock’s 50 day simple moving average is $34.61. The stock has a market capitalization of $3.94 billion, a P/E ratio of -36.48, a P/E/G ratio of 1.98 and a beta of 1.27.

Openlane (NYSE:OPLN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.31 earnings per share. Openlane’s quarterly 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. Research analysts anticipate that Openlane will post 1.31 earnings per share for the current year.

Insider Buying and Selling at Openlane

In other news, EVP Tobin P. Richer sold 4,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $38.31, for a total value of $153,240.00. Following the completion of the transaction, the executive vice president directly owned 24,697 shares in the company, valued at approximately $946,142.07. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction 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 transaction, the insider owned 15,914 shares of the company’s stock, valued at $573,540.56. This trade represents a 29.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,972 shares of company stock valued at $4,018,932 in the last ninety days. Corporate 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.