Capstone Investment Advisors LLC Makes New Investment in Openlane $OPLN

Capstone Investment Advisors LLC acquired a new stake in Openlane (NYSE:OPLN) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,680 shares of the company’s stock, valued at approximately $812,000.

Other large investors also recently modified their holdings of the company. CWM LLC bought a new stake in shares of Openlane during the 4th quarter worth about $320,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Openlane in the 4th quarter valued at about $649,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Openlane during the fourth quarter worth approximately $472,000. Arizona State Retirement System bought a new stake in shares of Openlane during the fourth quarter worth approximately $880,000. Finally, Vanguard Group Inc. bought a new stake in shares of Openlane during the fourth quarter worth approximately $348,271,000. 99.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on OPLN shares. Robert W. Baird set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. Barclays boosted their price target on Openlane from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Zacks Research raised Openlane from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Wall Street Zen cut Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Openlane currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Insider Transactions at Openlane

In related news, CEO Peter J. Kelly acquired 14,830 shares of the stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the purchase, the chief executive officer directly owned 14,830 shares in the company, valued at approximately $500,067.60. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.22% of the stock is owned by corporate insiders.

Openlane Stock Performance

Shares of NYSE:OPLN opened at $35.11 on Friday. The company’s 50 day moving average price is $38.42 and its two-hundred day moving average price is $34.13. Openlane has a 12-month low of $24.32 and a 12-month high of $42.90. The firm has a market cap of $4.31 billion, a PE ratio of -41.31, a PEG ratio of 2.18 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Openlane (NYSE:OPLN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The company had revenue of $554.60 million during the quarter. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Equities research analysts predict that Openlane will post 1.45 earnings per share for the current year.

Openlane 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.