44,042 Shares in Openlane $OPLN Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Openlane (NYSE:OPLN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,042 shares of the company’s stock, valued at approximately $1,284,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. bought a new position in shares of Openlane in the fourth quarter worth about $72,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Openlane during the fourth quarter worth approximately $43,820,000. Invesco Ltd. acquired a new position in shares of Openlane during the fourth quarter worth approximately $87,868,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Openlane during the fourth quarter valued at approximately $215,000. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Openlane during the fourth quarter valued at approximately $1,284,000. Institutional investors own 99.76% of the company’s stock.

Openlane Price Performance

Shares of NYSE OPLN opened at $40.51 on Friday. Openlane has a fifty-two week low of $24.10 and a fifty-two week high of $42.90. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -39.71, a P/E/G ratio of 2.09 and a beta of 1.26. 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 has a 50 day simple moving average of $36.82.

Openlane (NYSE:OPLN) last released its earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $527.90 million during the quarter. Openlane had a net margin of 9.47% and a return on equity of 13.00%. Openlane’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Sell-side analysts expect that Openlane will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OPLN shares. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of Openlane in a research note on Thursday, June 11th. Robert W. Baird set a $40.00 price target on Openlane in a research note on Wednesday, May 6th. Northcoast Research set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Openlane in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised Openlane from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $38.00 in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Openlane has an average rating of “Moderate Buy” and an average target price of $40.00.

Insider Buying and Selling

In other news, EVP Tobin P. Richer sold 66,709 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $2,386,180.93. Following the transaction, the executive vice president directly owned 28,697 shares in the company, valued at $1,026,491.69. This trade represents a 69.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles S. Coleman sold 19,763 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total value of $708,701.18. Following the completion of the sale, the executive vice president owned 74,334 shares of the company’s stock, valued at $2,665,617.24. This represents a 21.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 111,972 shares of company stock valued at $4,018,932 over the last 90 days. Company insiders own 2.22% 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.