Openlane (NYSE:OPLN) Posts Earnings Results, Misses Expectations By $0.02 EPS

Openlane (NYSE:OPLN) posted its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02), FiscalAI reports. Openlane had a net margin of 9.00% and a return on equity of 12.42%. The business had revenue of $494.30 million for the quarter. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Openlane updated its FY 2026 guidance to 1.240-1.380 EPS.

Openlane Stock Down 1.1%

NYSE:OPLN traded down $0.33 during trading hours on Thursday, reaching $28.77. The company’s stock had a trading volume of 163,766 shares, compared to its average volume of 810,422. The stock has a market cap of $3.06 billion, a PE ratio of 33.07, a PEG ratio of 1.30 and a beta of 1.24. Openlane has a 1 year low of $17.08 and a 1 year high of $31.78.

Institutional Investors Weigh In On Openlane

A number of hedge funds and other institutional investors have recently modified their holdings of OPLN. Vanguard Group Inc. bought a new position in Openlane during the 4th quarter worth approximately $348,271,000. Bank of Montreal Can purchased a new stake in shares of Openlane during the fourth quarter valued at approximately $220,158,000. Dimensional Fund Advisors LP bought a new position in shares of Openlane in the fourth quarter worth approximately $200,309,000. State Street Corp purchased a new position in shares of Openlane in the fourth quarter worth $127,581,000. Finally, Neuberger Berman Group LLC bought a new stake in Openlane during the 4th quarter valued at $103,876,000. Institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

OPLN has been the subject of a number of research analyst reports. Barclays lifted their price target on Openlane from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Openlane from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Zacks Research cut shares of Openlane from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Stephens raised their price objective on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings initiated coverage on shares of Openlane in a research report on Thursday, January 15th. They issued a “buy (b-)” rating for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Openlane presently has an average rating of “Moderate Buy” and an average price target of $33.00.

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.