Strs Ohio Makes New Investment in Openlane $OPLN

Strs Ohio acquired a new position in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,000 shares of the company’s stock, valued at approximately $1,072,000.

A number of other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Openlane in the 4th quarter worth approximately $26,000. First Horizon Corp acquired a new stake in Openlane during the 4th quarter valued at $27,000. Fifth Third Bancorp acquired a new stake in Openlane during the 4th quarter valued at $40,000. North Star Investment Management Corp. bought a new position in Openlane in the 4th quarter valued at $47,000. Finally, TD Waterhouse Canada Inc. acquired a new position in Openlane in the fourth quarter worth $149,000. Institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the transaction, the executive vice president directly owned 63,869 shares in the company, valued at approximately $1,841,343.27. This represents a 58.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OPLN shares. Robert W. Baird set a $40.00 target price on Openlane in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Barclays reissued an “overweight” rating and set a $40.00 price objective on shares of Openlane in a report on Wednesday. Zacks Research upgraded shares of Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Stephens boosted their target price on shares of Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.20.

Openlane Stock Performance

NYSE OPLN opened at $35.97 on Thursday. The company has a fifty day moving average price of $29.36. The firm has a market cap of $3.81 billion, a PE ratio of -35.27 and a beta of 1.22. Openlane has a 52 week low of $19.01 and a 52 week high of $36.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16.

Openlane (NYSE:OPLN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Equities research analysts forecast that Openlane will post 1.34 earnings per share for the current fiscal year.

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.