Hillsdale Investment Management Inc. Sells 39,700 Shares of Openlane $OPLN

Posted by Stanley Muller on Jul 14th, 2026

Hillsdale Investment Management Inc. lessened its stake in shares of Openlane (NYSE:OPLN – Free Report) by 13.6% during the 1st quarter, HoldingsChannel reports. The firm owned 252,300 shares of the company’s stock after selling 39,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Openlane were worth $7,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of Openlane during the 4th quarter worth $348,271,000. Bank of Montreal Can bought a new position in Openlane in the 4th quarter worth $220,158,000. Dimensional Fund Advisors LP bought a new position in Openlane in the 4th quarter worth $200,309,000. State Street Corp bought a new position in Openlane in the 4th quarter worth $127,581,000. Finally, Neuberger Berman Group LLC acquired a new position in Openlane during the 4th quarter worth $103,876,000. Institutional investors own 99.76% of the company’s stock.

Insider Activity at Openlane

In related news, EVP James P. Coyle sold 15,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $35.77, for a total value of $536,550.00. Following the completion of the sale, the executive vice president owned 58,512 shares in the company, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tobin P. Richer sold 4,000 shares of Openlane stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $38.31, for a total value of $153,240.00. Following the sale, the executive vice president directly owned 24,697 shares in the company, valued at approximately $946,142.07. This trade represents a 13.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,972 shares of company stock worth $4,018,932 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OPLN shares. Wall Street Zen upgraded shares of Openlane from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Northcoast Research set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Zacks Research raised Openlane from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Barclays increased their target price on Openlane from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $40.00 target price on Openlane in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Openlane currently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Check Out Our Latest Analysis on Openlane

Openlane Price Performance

NYSE:OPLN opened at $39.54 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a one year low of $24.10 and a one year high of $42.90. The firm’s fifty day moving average is $37.86. The firm has a market cap of $4.19 billion, a PE ratio of -38.76, a P/E/G ratio of 2.36 and a beta of 1.26.

Openlane (NYSE:OPLN – Get Free Report) last posted its quarterly 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 net margin of 9.47% and a return on equity of 13.00%. The company had revenue of $527.90 million for the quarter. During the same quarter in the prior year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. As a group, equities research analysts anticipate that Openlane will post 1.31 EPS for the current year.

Openlane Company Profile

(Free Report)

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.