Bailard Inc. Makes New Investment in Openlane $OPLN

Bailard Inc. purchased a new position in Openlane (NYSE:OPLN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,100 shares of the company’s stock, valued at approximately $688,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of Openlane in the fourth quarter worth about $26,000. First Horizon Corp acquired a new stake in shares of Openlane during the 4th quarter valued at about $27,000. Fifth Third Bancorp acquired a new stake in shares of Openlane during the 4th quarter valued at about $40,000. North Star Investment Management Corp. purchased a new position in shares of Openlane in the 4th quarter valued at about $47,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Openlane in the 4th quarter valued at about $149,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In other Openlane news, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $38.31, for a total transaction of $153,240.00. Following the completion of the sale, the executive vice president directly owned 24,697 shares in the company, valued at approximately $946,142.07. The trade was a 13.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James P. Coyle sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total value of $536,550.00. Following the sale, the executive vice president owned 58,512 shares of the company’s stock, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 193,916 shares of company stock worth $6,334,513. Corporate insiders own 2.22% of the company’s stock.

Openlane Trading Up 0.3%

NYSE OPLN opened at $35.73 on Friday. The firm has a market cap of $3.79 billion, a PE ratio of -35.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. Openlane has a twelve month low of $21.84 and a twelve month high of $38.52. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $30.43.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The company had revenue of $527.90 million during the quarter. During the same period in the previous year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Equities analysts predict that Openlane will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OPLN. Barclays upped their price target on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Northcoast Research set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $40.00 price target on Openlane in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Openlane currently has an average rating of “Moderate Buy” and a consensus 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.