Openlane (NYSE:OPLN) Announces Quarterly Earnings Results

Openlane (NYSE:OPLN) issued its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03, FiscalAI reports. Openlane had a return on equity of 12.74% and a net margin of 9.19%.The business had revenue of $527.90 million during the quarter. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Openlane updated its FY 2026 guidance to 1.280-1.420 EPS.

Openlane Stock Up 0.1%

NYSE OPLN traded up $0.03 during trading hours on Wednesday, reaching $35.39. The company’s stock had a trading volume of 639,214 shares, compared to its average volume of 887,319. Openlane has a 1 year low of $19.01 and a 1 year high of $36.66. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.75 billion, a P/E ratio of -29.68 and a beta of 1.22. The business’s 50-day moving average is $29.17.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OPLN shares. Northcoast Research set a $40.00 price objective on Openlane in a research note on Wednesday. Stephens lifted their price target on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Openlane from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their price objective on shares of Openlane from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $40.00 target price on shares of Openlane in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Openlane has a consensus rating of “Moderate Buy” and an average target price of $37.20.

Insider Transactions at Openlane

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the completion of the sale, the executive vice president directly owned 63,869 shares of the company’s stock, valued at $1,841,343.27. This trade represents a 58.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Openlane

Several institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new stake in Openlane in the 4th quarter valued at $26,000. First Horizon Corp purchased a new position in shares of Openlane during the fourth quarter valued at about $27,000. Allworth Financial LP purchased a new position in shares of Openlane during the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the fourth quarter worth about $39,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Openlane in the fourth quarter worth about $40,000. 99.76% of the stock is owned by hedge funds and other 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.