James Coyle Sells 88,444 Shares of Openlane (NYSE:OPLN) Stock

Openlane (NYSE:OPLN) EVP James Coyle sold 88,444 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $28.83, for a total value of $2,549,840.52. Following the sale, the executive vice president owned 63,869 shares in the company, valued at $1,841,343.27. The trade was a 58.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Openlane Price Performance

Shares of OPLN stock traded down $2.24 during trading hours on Monday, reaching $26.39. 1,683,818 shares of the stock were exchanged, compared to its average volume of 891,298. Openlane has a 12-month low of $17.08 and a 12-month high of $31.78. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.81 billion, a PE ratio of -22.18, a P/E/G ratio of 1.34 and a beta of 1.24.

Openlane (NYSE:OPLN) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Openlane had a return on equity of 12.74% and a net margin of 9.19%.The business had revenue of $494.30 million for the quarter. During the same period in the prior year, the company earned $0.21 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Analyst Upgrades and Downgrades

OPLN has been the topic of several research reports. Weiss Ratings initiated coverage on Openlane in a report on Thursday, January 15th. They set a “buy (b-)” rating on the stock. Zacks Research lowered Openlane from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. upped their price objective on shares of Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays increased their target price on shares of Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Stephens boosted their price target on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Openlane presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Institutional Investors Weigh In On Openlane

A number of hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC acquired a new position in Openlane during the 4th quarter valued at about $857,000. Smith Moore & CO. purchased a new position in Openlane during the 4th quarter worth approximately $448,000. State of Alaska Department of Revenue acquired a new stake in Openlane during the 4th quarter valued at approximately $2,211,000. Guidance Capital Inc. purchased a new stake in shares of Openlane in the 4th quarter valued at $770,000. Finally, CWM LLC purchased a new stake in shares of Openlane in the 4th quarter valued at $320,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

About Openlane

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.