33,580 Shares in Openlane $OPLN Acquired by Algert Global LLC

Key Points

• Algert Global LLC acquired 33,580 Openlane shares in the second quarter, valued at approximately $1.385 million. Institutional investors collectively own 99.76% of the company.
• Openlane reported quarterly EPS of $0.40, beating the $0.35 consensus estimate, while revenue rose 15.1% year over year to $554.6 million. The company issued fiscal 2026 EPS guidance of $1.40–$1.50.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $43.83 versus the stock’s recent price near $35.11.

Algert Global LLC acquired a new stake in shares of Openlane (NYSE:OPLN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 33,580 shares of the company's stock, valued at approximately $1,385,000.

A number of other institutional investors have also recently made changes to their positions in OPLN. BlackRock Inc. purchased a new stake in shares of Openlane during the second quarter worth about $660,070,000. Vanguard Group Inc. acquired a new position in Openlane during the 4th quarter valued at approximately $348,271,000. Bank of Montreal Can purchased a new position in shares of Openlane in the fourth quarter worth $220,158,000. Dimensional Fund Advisors LP acquired a new stake in Openlane during the 4th quarter worth about $200,309,000. Finally, State Street Corp acquired a new position in Openlane in the 4th quarter worth approximately $127,581,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Openlane Stock Down 1.1%

Shares of NYSE:OPLN opened at $35.11 on Friday. The firm has a market capitalization of $4.31 billion, a PE ratio of -41.31, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90. The firm's 50-day moving average is $38.42 and its two-hundred day moving average is $34.13.

Openlane (NYSE:OPLN - Get Free Report) last posted its quarterly 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 company 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%.The firm's quarterly 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 predict that Openlane will post 1.45 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on OPLN shares. Zacks Research upgraded shares of Openlane from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Northcoast Research set a $50.00 target price on Openlane in a report on Wednesday, August 5th. Stephens reiterated an "overweight" rating and set a $42.00 price target on shares of Openlane in a research report on Thursday, June 11th. JPMorgan Chase & Co. upgraded Openlane from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $33.00 to $38.00 in a research report on Wednesday, May 27th. Finally, Wall Street Zen cut Openlane from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.83.

Insider Transactions at Openlane

In other news, CEO Peter J. Kelly acquired 14,830 shares of the company's stock in a transaction on Monday, August 24th. The shares were bought at an average price of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer owned 14,830 shares in the company, valued at $500,067.60. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.22% of the stock is owned by corporate insiders.

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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