Openlane (NYSE:OPLN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Openlane (NYSE:OPLN) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.8333.

A number of equities research analysts recently weighed in on OPLN shares. Stephens restated an “overweight” rating and set a $42.00 price objective on shares of Openlane in a research note on Thursday, June 11th. Barclays increased their target price on shares of Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $38.00 in a research note on Wednesday, May 27th.

Openlane Stock Down 1.3%

Shares of Openlane stock opened at $34.59 on Thursday. The business’s fifty day moving average price is $38.19 and its two-hundred day moving average price is $34.30. 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 company has a market capitalization of $4.25 billion, a P/E ratio of -40.69, a PEG ratio of 2.15 and a beta of 1.26. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90.

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

Insider Buying and Selling

In other news, CEO Peter J. Kelly bought 14,830 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer directly owned 14,830 shares in the company, valued at approximately $500,067.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is currently owned by insiders.

Institutional Trading of Openlane

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LP boosted its stake in Openlane by 30.6% during the second quarter. Corient Private Wealth LP now owns 40,330 shares of the company’s stock valued at $1,663,000 after buying an additional 9,454 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Openlane in the second quarter worth about $297,000. California State Teachers Retirement System raised its position in Openlane by 3,908.8% in the second quarter. California State Teachers Retirement System now owns 5,103,409 shares of the company’s stock worth $210,465,000 after acquiring an additional 4,976,105 shares in the last quarter. AXQ Capital LP acquired a new stake in Openlane in the 2nd quarter valued at about $306,000. Finally, Round Rock Advisors LLC acquired a new stake in Openlane in the 2nd quarter valued at about $315,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.