42,834 Shares in Openlane $OPLN Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new position in shares of Openlane (NYSE:OPLN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,834 shares of the company’s stock, valued at approximately $1,766,000.

Several other large investors have also made changes to their positions in the business. Allworth Financial LP acquired a new position in Openlane during the 4th quarter valued at $38,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Openlane in the 4th quarter valued at $39,000. Fifth Third Bancorp acquired a new stake in shares of Openlane during the 4th quarter valued at about $40,000. Versant Capital Management Inc lifted its stake in Openlane by 94.2% during the second quarter. Versant Capital Management Inc now owns 979 shares of the company’s stock worth $40,000 after purchasing an additional 475 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Openlane in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Openlane Trading Down 1.1%

Shares of NYSE OPLN opened at $35.11 on Friday. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90. The company has a 50-day moving average of $38.42 and a two-hundred day moving average of $34.13. The company has a market cap of $4.31 billion, a PE ratio of -41.31, a P/E/G ratio of 2.16 and a beta of 1.28. The company has a current ratio of 1.17, a quick 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 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $554.60 million for the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. Openlane’s quarterly revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities analysts expect that Openlane will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OPLN has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a report on Wednesday. Robert W. Baird set a $40.00 price target on shares of Openlane in a report on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Openlane in a research note on Thursday, June 11th. Wall Street Zen cut shares of Openlane from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research upgraded Openlane from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. 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 stock. Based on data from MarketBeat.com, Openlane has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Insider Buying and Selling

In other news, CEO Peter J. Kelly bought 14,830 shares of the stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $33.72 per share, with a total value of $500,067.60. Following the purchase, the chief executive officer owned 14,830 shares of the company’s stock, valued at approximately $500,067.60. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.22% of the company’s stock.

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.