Openlane (NYSE:OPLN) Stock Has Consensus Price Target of $43.83

Openlane (NYSE:OPLN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $43.83.

A number of research firms have recently issued reports on OPLN. Zacks Research cut Openlane from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Openlane in a research note on Wednesday, August 26th. Northcoast Research set a $50.00 price objective on Openlane in a research note on Wednesday, August 5th. Bank of America increased their target price on Openlane from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen cut Openlane from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

View Our Latest Analysis on Openlane

Openlane Price Performance

Shares of NYSE OPLN opened at $38.04 on Friday. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $4.67 billion, a PE ratio of 27.73, a P/E/G ratio of 1.76 and a beta of 1.28. The business’s fifty day moving average price is $35.29 and its two-hundred day moving average price is $36.21.

Openlane (NYSE:OPLN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Openlane had a return on equity of 12.81% and a net margin of 9.67%. The business had revenue of $554.60 million during the quarter. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. On average, research analysts expect that Openlane will post 1.45 EPS for the current year.

Insider Transactions at Openlane

In related news, CEO Peter Kelly purchased 14,830 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the completion of the transaction, the chief executive officer owned 14,830 shares of the company’s stock, valued at approximately $500,067.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Openlane

A number of large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Openlane in the 2nd quarter worth approximately $660,070,000. Hawk Ridge Capital Management LP increased its position in shares of Openlane by 72.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock valued at $144,792,000 after purchasing an additional 2,087,200 shares during the last quarter. Sunriver Management LLC increased its position in shares of Openlane by 1.3% during the 1st quarter. Sunriver Management LLC now owns 1,518,196 shares of the company’s stock valued at $44,255,000 after purchasing an additional 19,634 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Openlane by 7.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,251,247 shares of the company’s stock valued at $36,474,000 after purchasing an additional 86,986 shares during the last quarter. Finally, Park West Asset Management LLC bought a new stake in shares of Openlane during the 2nd quarter worth $46,368,000. 99.76% of the stock is currently owned by institutional investors.

Openlane Company Profile

(Get Free Report)

OPENLANE, Inc (NYSE: OPLN) operates a digital marketplace and technology platform for the wholesale vehicle industry. The company helps automotive dealers, manufacturers, fleet operators, rental companies and financial institutions buy and sell used vehicles through online and physical auction channels.

Its services include wholesale vehicle auctions, vehicle inspection and condition reporting, transportation and logistics, financing support, title and documentation services, and other tools designed to simplify the remarketing process.

Further Reading

Analyst Recommendations for Openlane (NYSE:OPLN)

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