Janus Henderson Group PLC lowered its stake in Openlane (NYSE:OPLN – Free Report) by 89.7% during the first quarter, Holdings Channel reports. The firm owned 49,060 shares of the company’s stock after selling 428,264 shares during the period. Janus Henderson Group PLC’s holdings in Openlane were worth $1,430,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in Openlane during the fourth quarter worth about $26,000. First Horizon Corp bought a new stake in Openlane during the fourth quarter worth $27,000. Allworth Financial LP bought a new stake in shares of Openlane during the 4th quarter worth $38,000. Nomura Asset Management Co. Ltd. bought a new position in Openlane in the fourth quarter valued at about $39,000. Finally, Fifth Third Bancorp acquired a new position in Openlane during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 99.76% of the company’s stock.
Insider Buying and Selling
In related news, insider William Clyde Mitchell sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $36.04, for a total transaction of $234,260.00. Following the transaction, the insider directly owned 15,914 shares of the company’s stock, valued at approximately $573,540.56. This represents a 29.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.22% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Openlane
Openlane Stock Performance
Shares of OPLN opened at $36.95 on Monday. The firm’s fifty day simple moving average is $39.21 and its two-hundred day simple moving average is $33.63. Openlane has a 12 month low of $24.32 and a 12 month high of $42.90. The stock has a market capitalization of $4.54 billion, a P/E ratio of -43.47, a price-to-earnings-growth ratio of 2.24 and a beta of 1.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.
Openlane (NYSE:OPLN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $554.60 million for the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.Openlane’s revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, analysts predict that Openlane will post 1.47 EPS for the current year.
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.
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