Openlane (NYSE:OPLN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Openlane a “Moderate Buy.” Four of seven analysts recommend buying the stock, while three advise holding it; the average 12-month price target is $43.83 versus a recent price of $34.17.
• Openlane reported quarterly EPS of $0.40, exceeding the $0.35 consensus estimate, while revenue rose 15.1% year over year to $554.6 million. The company guided to fiscal 2026 EPS of $1.40–$1.50.
• CEO Peter Kelly purchased approximately $500,000 of company stock, and institutional investors own 99.76% of Openlane’s shares.

Shares of Openlane (NYSE:OPLN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.8333.

A number of equities analysts have recently commented on OPLN shares. Barclays lifted their target price on shares of Openlane from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Bank of America increased their price target on shares of Openlane from $37.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Northcoast Research set a $50.00 price objective on shares of Openlane in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Openlane from a "neutral" rating to an "overweight" rating and upped their target price for the company from $33.00 to $38.00 in a report on Wednesday, May 27th. Finally, Stephens reiterated an "overweight" rating and set a $42.00 target price on shares of Openlane in a research note on Thursday, June 11th.

Insiders Place Their Bets

In related news, CEO Peter Kelly acquired 14,830 shares of the firm's stock in a transaction on Monday, August 24th. The stock was bought at an average cost of $33.72 per share, with a total value of $500,067.60. Following the transaction, the chief executive officer owned 14,830 shares of the company's stock, valued at $500,067.60. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.22% of the company's stock.

Institutional Investors Weigh In On Openlane

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in Openlane by 6.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,549 shares of the company's stock valued at $162,000 after purchasing an additional 353 shares during the period. Versant Capital Management Inc increased its position in Openlane by 94.2% during the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company's stock worth $40,000 after purchasing an additional 475 shares during the period. Nykredit A S purchased a new position in shares of Openlane during the 2nd quarter worth approximately $46,000. Allworth Financial LP purchased a new position in shares of Openlane during the 4th quarter worth approximately $38,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in shares of Openlane in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Openlane Stock Down 0.3%

OPLN opened at $34.17 on Monday. Openlane has a one year low of $24.32 and a one year high of $42.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $4.20 billion, a P/E ratio of -40.20, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. The business's 50-day simple moving average is $36.83 and its 200-day simple moving average is $34.88.

Openlane (NYSE:OPLN - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The firm had revenue of $554.60 million during 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% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Analysts anticipate that Openlane will post 1.45 EPS for the current year.

About Openlane

OPENLANE, Inc operates a digital wholesale marketplace for used vehicles, connecting automobile dealers, manufacturers, fleet operators, rental companies and other commercial sellers with buyers. The company facilitates vehicle auctions and sales through online platforms and physical auction locations, helping customers source, sell and manage wholesale vehicles.

Its services include online and in-person auctions, vehicle inspections, condition reporting, transportation, title and registration support, reconditioning, and other transaction-related services.

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