210,000 Shares in Openlane $OPLN Bought by RBF Capital LLC

RBF Capital LLC acquired a new position in shares of Openlane (NYSE:OPLN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 210,000 shares of the company’s stock, valued at approximately $6,254,000. RBF Capital LLC owned about 0.20% of Openlane as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OPLN. Comerica Bank purchased a new position in Openlane during the fourth quarter worth $951,000. New York State Teachers Retirement System purchased a new position in Openlane during the fourth quarter worth $2,152,000. Nicholas Company Inc. purchased a new position in Openlane during the fourth quarter worth $6,380,000. Paradice Investment Management LLC purchased a new position in Openlane during the fourth quarter worth $23,837,000. Finally, Strs Ohio purchased a new position in Openlane during the fourth quarter worth $1,072,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Openlane

In related news, insider William Clyde Mitchell sold 6,500 shares of Openlane stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total value of $234,260.00. Following the transaction, the insider owned 15,914 shares in the company, valued at approximately $573,540.56. This trade represents a 29.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tobin P. Richer sold 66,709 shares of Openlane stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $2,386,180.93. Following the completion of the transaction, the executive vice president owned 28,697 shares in the company, valued at $1,026,491.69. The trade was a 69.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 111,972 shares of company stock worth $4,018,932 over the last ninety days. 2.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on OPLN. Wall Street Zen raised Openlane from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Robert W. Baird set a $40.00 price target on Openlane in a research report on Wednesday, May 6th. Zacks Research raised Openlane from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Barclays raised their price target on Openlane from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Northcoast Research set a $40.00 price target on Openlane in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Openlane currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Openlane Stock Down 0.2%

Shares of NYSE:OPLN opened at $38.50 on Wednesday. Openlane has a 52 week low of $22.09 and a 52 week high of $39.26. The stock has a market capitalization of $4.08 billion, a P/E ratio of -37.74, a P/E/G ratio of 1.98 and a beta of 1.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a fifty day simple moving average of $34.46.

Openlane (NYSE:OPLN) last issued its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm had revenue of $527.90 million for the quarter. During the same quarter in the previous year, the business posted $0.31 EPS. Openlane’s 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. Sell-side analysts expect that Openlane will post 1.31 earnings per share for the current fiscal year.

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.