Oregon Public Employees Retirement Fund Acquires Shares of 24,307 Openlane $OPLN

Oregon Public Employees Retirement Fund acquired a new stake in shares of Openlane (NYSE:OPLN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,307 shares of the company’s stock, valued at approximately $724,000.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in Openlane during the fourth quarter valued at about $26,000. First Horizon Corp purchased a new stake in Openlane during the fourth quarter valued at about $27,000. Fifth Third Bancorp purchased a new stake in Openlane during the fourth quarter valued at about $40,000. North Star Investment Management Corp. purchased a new stake in Openlane during the fourth quarter valued at about $47,000. Finally, TD Waterhouse Canada Inc. purchased a new stake in Openlane during the fourth quarter valued at about $149,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Openlane Price Performance

Shares of OPLN opened at $34.44 on Wednesday. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -33.76, a P/E/G ratio of 1.81 and a beta of 1.22. The stock has a 50 day moving average price of $30.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. Openlane has a 1 year low of $21.84 and a 1 year high of $38.52.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The business had revenue of $527.90 million during the quarter. During the same period in the prior year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities analysts anticipate that Openlane will post 1.3 earnings per share for the current year.

Insider Buying and Selling

In other Openlane news, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $38.31, for a total value of $153,240.00. Following the completion of the sale, the executive vice president owned 24,697 shares in the company, valued at approximately $946,142.07. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Clyde Mitchell sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the sale, the insider owned 15,914 shares of the company’s stock, valued at $573,540.56. The trade was a 29.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 200,416 shares of company stock worth $6,568,773. Company insiders own 2.22% of the company’s stock.

Analyst Ratings Changes

OPLN has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Openlane from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays upped their price objective on shares of Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Stephens upped their price objective on shares of Openlane from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Northcoast Research set a $40.00 target price on Openlane in a report on Wednesday, May 6th. Finally, Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.00.

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.