Quantinno Capital Management LP Boosts Stake in Openlane $OPLN

Quantinno Capital Management LP increased its stake in Openlane (NYSE:OPLN) by 290.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,922 shares of the company’s stock after purchasing an additional 41,604 shares during the quarter. Quantinno Capital Management LP’s holdings in Openlane were worth $1,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Lazard Asset Management LLC increased its position in Openlane by 10.9% in the first quarter. Lazard Asset Management LLC now owns 281,078 shares of the company’s stock worth $8,193,000 after buying an additional 27,616 shares in the last quarter. Entropy Technologies LP raised its stake in shares of Openlane by 79.6% in the first quarter. Entropy Technologies LP now owns 19,330 shares of the company’s stock worth $563,000 after buying an additional 8,569 shares during the period. Sunriver Management LLC lifted its position in shares of Openlane by 1.3% during the 1st quarter. Sunriver Management LLC now owns 1,518,196 shares of the company’s stock valued at $44,255,000 after buying an additional 19,634 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Openlane by 28.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 113,230 shares of the company’s stock valued at $3,301,000 after buying an additional 25,159 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Openlane by 7.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,251,247 shares of the company’s stock valued at $36,474,000 after buying an additional 86,986 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Openlane Stock Performance

NYSE OPLN opened at $35.30 on Thursday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of -41.53, a price-to-earnings-growth ratio of 2.25 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $39.13 and a 200-day moving average price of $33.75. Openlane has a twelve month low of $24.32 and a twelve month high of $42.90.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The company had revenue of $554.60 million for the quarter. Openlane’s revenue was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities research analysts predict that Openlane will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $40.00 target price on shares of Openlane in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Openlane from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barclays upped their price target on shares of Openlane from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $38.00 in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

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.