Guidance Capital Inc. Takes $770,000 Position in Openlane $OPLN

Guidance Capital Inc. purchased a new stake in Openlane (NYSE:OPLN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,362 shares of the company’s stock, valued at approximately $770,000.

A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Openlane in the 4th quarter valued at $2,211,000. Smith Moore & CO. bought a new position in shares of Openlane in the 4th quarter valued at $448,000. Finally, Yousif Capital Management LLC bought a new position in shares of Openlane in the 4th quarter valued at $857,000. 99.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Openlane

In other news, EVP James P. 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 value of $2,549,840.52. Following the completion of the transaction, the executive vice president directly owned 63,869 shares of the company’s stock, valued at approximately $1,841,343.27. This trade represents a 58.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.32% of the company’s stock.

Openlane Trading Up 0.2%

OPLN stock opened at $30.70 on Wednesday. The stock has a 50-day simple moving average of $28.42. Openlane has a 1-year low of $17.83 and a 1-year high of $31.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $3.26 billion, a price-to-earnings ratio of -25.80, a PEG ratio of 1.41 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OPLN. Stephens raised their target price on Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Zacks Research lowered Openlane from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Barclays raised their target price on Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings lowered Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Finally, Northcoast Research raised Openlane from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

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.