Kimelman & Baird LLC Makes New $24.12 Million Investment in Openlane $OPLN

Kimelman & Baird LLC acquired a new position in shares of Openlane (NYSE:OPLN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 809,840 shares of the company’s stock, valued at approximately $24,117,000. Openlane makes up 1.9% of Kimelman & Baird LLC’s holdings, making the stock its 21st biggest holding.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in Openlane during the 4th quarter worth $348,271,000. Paradice Investment Management LLC acquired a new position in shares of Openlane in the 4th quarter valued at $23,837,000. Gamco Investors INC. ET AL acquired a new position in shares of Openlane in the 4th quarter valued at $13,461,000. M&T Bank Corp acquired a new position in shares of Openlane in the 4th quarter valued at $11,642,000. Finally, Gabelli Funds LLC acquired a new position in shares of Openlane in the 4th quarter valued at $7,444,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Openlane Stock Up 0.2%

OPLN opened at $34.98 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. Openlane has a 12 month low of $21.84 and a 12 month high of $38.52. The company has a fifty day moving average price of $30.68. The company has a market cap of $3.71 billion, a PE ratio of -34.29, a P/E/G ratio of 1.80 and a beta of 1.22.

Openlane (NYSE:OPLN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The business had revenue of $527.90 million during the quarter. During the same quarter in the prior year, the company earned $0.31 EPS. Openlane’s quarterly revenue was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities research analysts expect that Openlane will post 1.3 earnings per share for the current fiscal year.

Insider Activity

In related 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 sale, the executive vice president owned 24,697 shares in the company, valued at $946,142.07. This represents a 13.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James P. Coyle sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total transaction of $536,550.00. Following the completion of the sale, the executive vice president owned 58,512 shares of the company’s stock, valued at approximately $2,092,974.24. This represents a 20.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 200,416 shares of company stock worth $6,568,773 in the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings downgraded Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price target on Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays increased their price target on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Openlane presently has an average rating of “Moderate Buy” and an average target price of $38.00.

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.