28,637 Shares in Openlane $OPLN Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC purchased a new position in Openlane (NYSE:OPLN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,637 shares of the company’s stock, valued at approximately $857,000.

Openlane Stock Up 3.0%

Shares of NYSE OPLN opened at $31.64 on Friday. 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 firm has a market cap of $3.36 billion, a PE ratio of -26.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The stock has a fifty day moving average of $28.53. Openlane has a 52-week low of $17.83 and a 52-week high of $31.80.

Openlane (NYSE:OPLN) last issued its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $494.30 million during the quarter. Openlane had a return on equity of 12.74% and a net margin of 9.19%.The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings downgraded Openlane from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, March 3rd. Barclays raised their price target on Openlane from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on Openlane from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Zacks Research downgraded Openlane from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Finally, Northcoast Research upgraded Openlane from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Openlane currently has an average rating of “Hold” and an average price target of $33.50.

Insider Activity

In related news, EVP James P. Coyle sold 88,444 shares of Openlane stock in a transaction on Friday, February 20th. The stock was sold at an average price of $28.83, for a total value of $2,549,840.52. Following the transaction, the executive vice president directly owned 63,869 shares in the company, valued at $1,841,343.27. The trade was a 58.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.32% of the stock is owned by insiders.

Openlane 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.