Openlane (NYSE:OPLN) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Openlane (NYSE:OPLN) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

OPLN has been the subject of several other reports. Stephens boosted their price objective on Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Barclays lifted their price target on shares of Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Openlane from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, Weiss Ratings initiated coverage on shares of Openlane in a research report on Thursday, January 15th. They set a “buy (b-)” rating for the company. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.33.

Openlane Price Performance

Shares of NYSE:OPLN opened at $26.90 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.16 and a quick ratio of 1.16. Openlane has a 1-year low of $17.08 and a 1-year high of $31.78. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -22.60, a PEG ratio of 1.22 and a beta of 1.24.

Openlane (NYSE:OPLN) last issued its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Openlane had a net margin of 9.19% and a return on equity of 12.74%. The business had revenue of $494.30 million during the quarter. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 63,869 shares in the company, valued at approximately $1,841,343.27. This trade represents a 58.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.32% of the company’s stock.

Institutional Investors Weigh In On Openlane

Several large investors have recently modified their holdings of OPLN. Yousif Capital Management LLC bought a new position in Openlane during the fourth quarter worth $857,000. Smith Moore & CO. acquired a new stake in Openlane during the 4th quarter worth about $448,000. State of Alaska Department of Revenue bought a new position in shares of Openlane in the 4th quarter worth about $2,211,000. Guidance Capital Inc. acquired a new position in shares of Openlane in the 4th quarter valued at about $770,000. Finally, CWM LLC acquired a new position in shares of Openlane in the 4th quarter valued at about $320,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.