BlackRock Inc. Purchases New Holdings in Openlane $OPLN

Key Points

• BlackRock purchased 16.0 million Openlane shares worth approximately $660.1 million in the second quarter, giving it a 13.03% stake. Institutional investors and hedge funds collectively own 99.76% of the company.
• Openlane reported quarterly revenue of $554.6 million, up 15.1% year over year, and earnings of $0.40 per share, beating analyst estimates by $0.05. The company guided to fiscal 2026 EPS of $1.40–$1.50.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $43.83, versus the stock’s reported opening price of $33.34.

BlackRock Inc. purchased a new position in Openlane (NYSE:OPLN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,005,588 shares of the company's stock, valued at approximately $660,070,000. BlackRock Inc. owned about 13.03% of Openlane at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OPLN. Hawk Ridge Capital Management LP raised its stake in shares of Openlane by 72.5% in 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 in the last quarter. Nicholas Company Inc. bought a new position in shares of Openlane during the fourth quarter worth about $6,380,000. Comerica Bank acquired a new position in Openlane in the fourth quarter worth about $951,000. New York State Teachers Retirement System bought a new stake in Openlane in the fourth quarter valued at about $2,152,000. Finally, Prospect Capital Advisors LLC bought a new position in Openlane during the 1st quarter valued at $2,437,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Openlane Stock Performance

OPLN opened at $33.34 on Monday. 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 company has a market cap of $4.09 billion, a PE ratio of -39.22, a price-to-earnings-growth ratio of 2.05 and a beta of 1.28. The stock has a 50-day moving average of $38.75 and a 200-day moving average of $33.97. Openlane has a 52-week low of $24.32 and a 52-week high of $42.90.

Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter. Openlane's revenue for the quarter was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities research analysts forecast that Openlane will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OPLN has been the topic of a number of research reports. Robert W. Baird set a $40.00 price objective on Openlane in a research note on Wednesday, May 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Openlane in a research report on Friday, May 29th. Barclays raised their price objective on shares of Openlane from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Northcoast Research set a $50.00 target price on shares of Openlane in a report on Wednesday, August 5th. Finally, Bank of America raised their target price on shares of Openlane from $37.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.83.

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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