Mawer Investment Management Ltd. Takes Position in Openlane $OPLN

Mawer Investment Management Ltd. acquired a new position in shares of Openlane (NYSE:OPLN) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 372,320 shares of the company’s stock, valued at approximately $11,088,000.

Other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Openlane during the 4th quarter valued at $26,000. First Horizon Corp acquired a new position in Openlane during the 4th quarter worth $27,000. Allworth Financial LP bought a new position in shares of Openlane in the fourth quarter worth $38,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Openlane in the fourth quarter worth $39,000. Finally, Fifth Third Bancorp acquired a new position in shares of Openlane during the fourth quarter valued at $40,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Openlane news, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 15,914 shares of the company’s stock, valued at approximately $573,540.56. This represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James P. Coyle sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00. Following the completion of the transaction, the executive vice president owned 58,512 shares of the company’s stock, valued at approximately $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 111,972 shares of company stock worth $4,018,932. Company insiders own 2.22% of the company’s stock.

Openlane Stock Performance

Shares of NYSE:OPLN opened at $38.16 on Tuesday. The firm has a market cap of $4.04 billion, a P/E ratio of -37.41, a PEG ratio of 1.96 and a beta of 1.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s fifty day moving average is $32.36. Openlane has a one year low of $22.09 and a one year high of $38.82.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $527.90 million for the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, research analysts forecast that Openlane will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on OPLN. JPMorgan Chase & Co. raised shares of Openlane from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $38.00 in a report on Wednesday, May 27th. Northcoast Research set a $40.00 price target on shares of Openlane in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a report on Friday. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.