Susquehanna Fundamental Investments LLC Buys 62,918 Shares of Openlane $OPLN

Susquehanna Fundamental Investments LLC grew its position in shares of Openlane (NYSE:OPLN) by 74.4% during the second quarter, Holdings Channel.com reports. The fund owned 147,482 shares of the company’s stock after purchasing an additional 62,918 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Openlane were worth $6,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Openlane during the second quarter worth about $660,070,000. Vanguard Group Inc. bought a new stake in Openlane in the 4th quarter worth about $348,271,000. Bank of Montreal Can purchased a new stake in Openlane in the 4th quarter valued at about $220,158,000. Dimensional Fund Advisors LP purchased a new stake in Openlane in the 4th quarter valued at about $200,309,000. Finally, State Street Corp bought a new position in shares of Openlane during the 4th quarter worth approximately $127,581,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Peter J. Kelly acquired 14,830 shares of Openlane stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer owned 14,830 shares in the company, valued at approximately $500,067.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.22% of the company’s stock.

Openlane Stock Performance

Shares of OPLN stock opened at $35.62 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of -41.91, a P/E/G ratio of 2.16 and a beta of 1.28. Openlane has a 52 week low of $24.32 and a 52 week high of $42.90. The firm’s 50-day simple moving average is $38.36 and its two-hundred day simple moving average is $34.21.

Openlane (NYSE:OPLN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $554.60 million during the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The business’s quarterly 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 analysts forecast that Openlane will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Openlane from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Wall Street Zen lowered Openlane from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Robert W. Baird set a $40.00 price objective on Openlane in a research report on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of Openlane in a research report on Thursday, June 11th. Finally, Barclays upped their price objective on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Openlane currently has an average rating of “Moderate Buy” and an average target price of $43.83.

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.