William Blair Investment Management LLC Purchases New Holdings in Openlane $OPLN

William Blair Investment Management LLC purchased a new stake in shares of Openlane (NYSE:OPLN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 510,598 shares of the company’s stock, valued at approximately $15,206,000.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank bought a new position in Openlane in the 4th quarter worth about $951,000. Nicholas Company Inc. bought a new position in Openlane in the 4th quarter worth about $6,380,000. New York State Teachers Retirement System bought a new position in Openlane in the 4th quarter worth about $2,152,000. Paradice Investment Management LLC bought a new position in Openlane in the 4th quarter worth about $23,837,000. Finally, Vanguard Group Inc. bought a new position in Openlane in the 4th quarter worth about $348,271,000. 99.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Openlane

In other news, EVP Charles S. Coleman sold 19,763 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total transaction of $708,701.18. Following the transaction, the executive vice president directly owned 74,334 shares in the company, valued at approximately $2,665,617.24. This trade represents a 21.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James P. Coyle sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 58,512 shares in the company, valued at approximately $2,092,974.24. This represents a 20.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,972 shares of company stock valued at $4,018,932 in the last ninety days. Company insiders own 2.22% of the company’s stock.

Openlane Stock Performance

NYSE OPLN opened at $35.40 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. The company’s 50 day simple moving average is $31.37. Openlane has a 52-week low of $21.84 and a 52-week high of $38.52. The company has a market capitalization of $3.75 billion, a P/E ratio of -34.70, a PEG ratio of 1.83 and a beta of 1.22.

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, 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 firm had revenue of $527.90 million for the quarter. During the same quarter in the prior year, the business posted $0.31 earnings per share. Openlane’s revenue for the quarter 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, analysts forecast that Openlane will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on OPLN. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Northcoast Research set a $40.00 target price on shares of Openlane in a research note on Wednesday, May 6th. Barclays upped their target price on shares of Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Openlane currently has a consensus rating of “Moderate Buy” and an average price target 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.