Openlane (NYSE:OPLN) Short Interest Up 90.6% in June

Posted by on Jul 18th, 2026

Openlane (NYSE:OPLN – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,536,608 shares, a growth of 90.6% from the June 15th total of 1,331,015 shares. Based on an average trading volume of 1,541,302 shares, the short-interest ratio is currently 1.6 days. Currently, 2.4% of the shares of the stock are short sold.

Openlane Stock Down 3.2%

Openlane stock opened at $39.40 on Friday. Openlane has a 52-week low of $24.10 and a 52-week high of $42.90. The stock has a market capitalization of $4.17 billion, a P/E ratio of -38.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company’s fifty day simple moving average is $38.15. 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 (NYSE:OPLN – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm had revenue of $527.90 million for the quarter. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, equities research analysts anticipate that Openlane will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP James P. Coyle sold 15,000 shares of Openlane stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00. Following the sale, the executive vice president owned 58,512 shares of the company’s stock, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Clyde Mitchell sold 6,500 shares of Openlane 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 sale, the insider directly owned 15,914 shares in the company, valued at $573,540.56. This trade represents a 29.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,972 shares of company stock valued at $4,018,932 over the last three months. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Openlane

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPLN. Vanguard Group Inc. purchased a new position in shares of Openlane in the 4th quarter worth approximately $348,271,000. Bank of Montreal Can purchased a new stake in Openlane during the 4th quarter valued at $220,158,000. Dimensional Fund Advisors LP purchased a new stake in Openlane during the 4th quarter valued at $200,309,000. State Street Corp bought a new stake in Openlane in the fourth quarter worth $127,581,000. Finally, Neuberger Berman Group LLC bought a new stake in Openlane in the fourth quarter worth $103,876,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OPLN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a report on Friday, May 29th. JPMorgan Chase & Co. upgraded shares of Openlane from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. Zacks Research raised shares of Openlane from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Bank of America lifted their price target on shares of Openlane from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Northcoast Research set a $40.00 price objective on shares of Openlane in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

View Our Latest Stock Analysis on Openlane

Openlane Company Profile

(Get 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.

Featured Stories

Receive News & Ratings for Openlane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Openlane and related companies with MarketBeat.com's FREE daily email newsletter.