California State Teachers Retirement System Boosts Stock Position in Openlane $OPLN

Key Points

• Institutional ownership increased: California State Teachers Retirement System raised its Openlane stake by 27.2% to 127,304 shares, while hedge funds and other institutions collectively own 99.76% of the company. Hawk Ridge Capital Management boosted its position by 72.5%.
• Openlane reported solid quarterly results: The company earned $0.40 per share, exceeding the $0.35 consensus estimate, while revenue rose 15.1% year over year to $554.6 million. Management’s fiscal 2026 EPS guidance is $1.40–$1.50.
• Analyst sentiment remains positive: Openlane has a “Moderate Buy” consensus rating and an average price target of $43.83, above its reported $36.95 share price; targets in recent reports range as high as $50.

California State Teachers Retirement System lifted its stake in shares of Openlane (NYSE:OPLN - Free Report) by 27.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,304 shares of the company's stock after acquiring an additional 27,232 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Openlane worth $3,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OPLN. Hawk Ridge Capital Management LP raised 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 period. Nicholas Company Inc. bought a new position in Openlane in the 4th quarter worth $6,380,000. New York State Teachers Retirement System purchased a new stake in Openlane in the 4th quarter worth $2,152,000. Comerica Bank purchased a new stake in Openlane in the 4th quarter worth $951,000. Finally, Paradice Investment Management LLC bought a new stake in Openlane during the fourth quarter valued at about $23,837,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Openlane Stock Performance

NYSE:OPLN opened at $36.95 on Friday. The firm has a market capitalization of $4.54 billion, a PE ratio of -43.47, a PEG ratio of 2.24 and a beta of 1.28. The stock's fifty day moving average is $39.21 and its 200 day moving average is $33.60. Openlane has a fifty-two week low of $24.32 and a fifty-two week high of $42.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.17.

Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The company had revenue of $554.60 million for the quarter. The company'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. On average, sell-side analysts anticipate that Openlane will post 1.47 earnings per share for the current year.

Insider Activity at Openlane

In other Openlane news, insider William Clyde Mitchell sold 6,500 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the completion of the sale, the insider directly owned 15,914 shares of the company's stock, valued at $573,540.56. The trade was a 29.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

OPLN has been the topic of several research analyst reports. Northcoast Research set a $50.00 price objective on Openlane in a research report on Wednesday. Zacks Research upgraded Openlane from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Stephens reissued an "overweight" rating and set a $42.00 target price on shares of Openlane in a research note on Thursday, June 11th. Bank of America lifted their price objective on shares of Openlane from $37.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upgraded shares of Openlane from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $33.00 to $38.00 in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.83.

Openlane Company 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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