Teton Advisors LLC Makes New $774,000 Investment in Openlane $OPLN

Teton Advisors LLC purchased a new stake in Openlane (NYSE:OPLN) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 26,000 shares of the company’s stock, valued at approximately $774,000.

Several other institutional investors also recently made changes to their positions in OPLN. Salomon & Ludwin LLC acquired a new stake in shares of Openlane during the 4th quarter worth $26,000. First Horizon Corp acquired a new position in Openlane in the fourth quarter valued at $27,000. Allworth Financial LP purchased a new stake in Openlane during the fourth quarter valued at about $38,000. Fifth Third Bancorp acquired a new stake in Openlane during the fourth quarter worth about $40,000. Finally, North Star Investment Management Corp. acquired a new stake in Openlane during the fourth quarter worth about $47,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OPLN shares. JPMorgan Chase & Co. lifted their price objective on Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Stephens lifted their price target on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Northcoast Research set a $40.00 price objective on shares of Openlane in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $40.00 price objective on shares of Openlane in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Activity at Openlane

In other Openlane news, EVP James P. Coyle sold 15,000 shares of Openlane stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. Following the completion of the transaction, the executive vice president owned 58,512 shares of the company’s stock, valued at $2,092,974.24. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Charles S. Coleman sold 19,763 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the transaction, the executive vice president owned 74,334 shares in the company, valued at approximately $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 200,416 shares of company stock worth $6,568,773 over the last quarter. Company insiders own 2.22% of the company’s stock.

Openlane Price Performance

Shares of Openlane stock opened at $34.89 on Monday. Openlane has a 1-year low of $21.84 and a 1-year high of $38.52. The firm has a market capitalization of $3.70 billion, a P/E ratio of -34.21, a PEG ratio of 1.80 and a beta of 1.22. 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 firm’s 50-day simple moving average is $30.55.

Openlane (NYSE:OPLN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 EPS for the quarter, beating 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 firm had revenue of $527.90 million during the quarter. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities analysts expect that Openlane will post 1.3 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.