Openlane (NYSE:OPLN) Upgraded at Zacks Research

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

Several other research firms have also issued reports on OPLN. Weiss Ratings lowered Openlane from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, March 3rd. Northcoast Research raised Openlane from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday, March 30th. Barclays lifted their price objective on Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Stephens lifted their price objective on Openlane from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Openlane Stock Performance

Shares of OPLN opened at $31.64 on Monday. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -26.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty day moving average price of $28.67. Openlane has a 52 week low of $17.83 and a 52 week high of $32.36.

Openlane (NYSE:OPLN) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.25 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 net margin of 9.19% and a return on equity of 12.74%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS. As a group, research analysts forecast that Openlane will post 1.34 EPS for the current year.

Insider Transactions at Openlane

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the business’s 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. The trade was a 58.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.32% of the company’s stock.

Institutional Trading of Openlane

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of Openlane in the fourth quarter valued at about $2,211,000. Guidance Capital Inc. bought a new stake in shares of Openlane in the fourth quarter valued at about $770,000. Yousif Capital Management LLC bought a new stake in shares of Openlane in the fourth quarter valued at about $857,000. Smith Moore & CO. bought a new stake in shares of Openlane in the fourth quarter valued at about $448,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Openlane in the fourth quarter valued at about $649,000. 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.