Openlane (NYSE:OPLN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Openlane (NYSE:OPLN) had its target price lifted by analysts at JPMorgan Chase & Co. from $28.00 to $29.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 1.54% from the stock’s current price.

OPLN has been the subject of a number of other research reports. Zacks Research lowered Openlane from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings assumed coverage on Openlane in a research report on Thursday, January 15th. They set a “buy (b-)” rating for the company. Barclays lifted their target price on Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, Stephens boosted their price target on Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Openlane presently has an average rating of “Moderate Buy” and an average price target of $33.33.

Openlane Stock Performance

NYSE OPLN opened at $28.56 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.43. Openlane has a 12 month low of $17.08 and a 12 month high of $31.78. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -24.00, a PEG ratio of 1.38 and a beta of 1.24.

Openlane (NYSE:OPLN) last announced its quarterly earnings data 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). The firm had revenue of $494.30 million during the quarter. Openlane had a return on equity of 12.74% and a net margin of 9.19%.Openlane’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Hedge Funds Weigh In On Openlane

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in Openlane in the 4th quarter worth approximately $348,271,000. Bank of Montreal Can bought a new stake in Openlane in the fourth quarter worth $220,158,000. Dimensional Fund Advisors LP purchased a new stake in Openlane during the fourth quarter valued at $200,309,000. State Street Corp bought a new position in Openlane during the fourth quarter valued at $127,581,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Openlane in the 4th quarter worth $103,876,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.