Openlane (NYSE:OPLN) EVP James Coyle Sells 88,444 Shares of Stock

Openlane (NYSE:OPLN) EVP James Coyle sold 88,444 shares of Openlane stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the sale, the executive vice president directly owned 63,869 shares of the company’s stock, valued at $1,841,343.27. The trade was a 58.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Openlane Price Performance

Openlane stock opened at $26.39 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -22.18, a P/E/G ratio of 1.34 and a beta of 1.24. Openlane has a twelve month low of $17.08 and a twelve month high of $31.78.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on OPLN. Zacks Research downgraded Openlane from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Barclays boosted their price objective on shares of Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Stephens raised their target price on shares of Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Weiss Ratings began coverage on Openlane in a research note on Thursday, January 15th. They issued a “buy (b-)” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Institutional Investors Weigh In On Openlane

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in shares of Openlane in the 4th quarter valued at $26,000. First Horizon Corp bought a new stake in shares of Openlane during the 4th quarter worth $27,000. Allworth Financial LP acquired a new stake in Openlane in the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new position in Openlane in the fourth quarter valued at about $39,000. Finally, Fifth Third Bancorp bought a new position in Openlane in the fourth quarter valued at about $40,000. 99.76% of the stock is currently owned by institutional investors.

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.