Jackson Creek Investment Advisors LLC Buys New Stake in Openlane $OPLN

Jackson Creek Investment Advisors LLC bought a new stake in Openlane (NYSE:OPLN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 69,128 shares of the company’s stock, valued at approximately $2,059,000. Openlane makes up about 0.6% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Jackson Creek Investment Advisors LLC owned 0.07% of Openlane at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OPLN. Yousif Capital Management LLC purchased a new position in Openlane during the fourth quarter worth $857,000. Smith Moore & CO. purchased a new position in Openlane during the fourth quarter worth $448,000. State of Alaska Department of Revenue purchased a new position in Openlane during the fourth quarter worth $2,211,000. Guidance Capital Inc. purchased a new position in Openlane during the fourth quarter worth $770,000. Finally, CWM LLC purchased a new position in Openlane during the fourth quarter worth $320,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on OPLN. JPMorgan Chase & Co. lifted their price objective on shares of Openlane from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Openlane from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, March 3rd. Zacks Research upgraded Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Northcoast Research set a $40.00 target price on Openlane in a research report on Wednesday, May 6th. Finally, Barclays lifted their target price on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Openlane Price Performance

OPLN stock opened at $35.66 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day moving average price of $31.53. The company has a market capitalization of $3.78 billion, a P/E ratio of -34.96, a P/E/G ratio of 1.83 and a beta of 1.22. Openlane has a 1-year low of $22.09 and a 1-year high of $38.52.

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

Insider Transactions at Openlane

In other Openlane news, EVP Charles S. Coleman sold 19,763 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.86, for a total value of $708,701.18. Following the completion of the transaction, the executive vice president directly owned 74,334 shares in the company, valued at approximately $2,665,617.24. The trade was a 21.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tobin P. Richer sold 4,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $38.31, for a total transaction of $153,240.00. Following the completion of the transaction, the executive vice president owned 24,697 shares of the company’s stock, valued at $946,142.07. This represents a 13.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 111,972 shares of company stock valued at $4,018,932. 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.