Connor Clark & Lunn Investment Management Ltd. Makes New $1.83 Million Investment in Openlane $OPLN

Key Points

• Connor Clark & Lunn Investment Management acquired 44,309 Openlane shares worth approximately $1.83 million during the second quarter. Institutional investors collectively own 99.76% of the company’s stock.
• Openlane reported quarterly EPS of $0.40, beating estimates by $0.05, while revenue rose 15.1% year over year to $554.6 million. The company maintained fiscal 2026 EPS guidance of $1.40–$1.50.
• Shares opened at $35.11, below the analyst consensus price target of $43.83; Wall Street’s overall rating remains “Moderate Buy.” CEO Peter J. Kelly also bought approximately $500,000 worth of shares.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Openlane (NYSE:OPLN - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 44,309 shares of the company's stock, valued at approximately $1,827,000.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Openlane by 94.2% in the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company's stock valued at $40,000 after purchasing an additional 475 shares during the period. Allworth Financial LP acquired a new stake in Openlane during the fourth quarter valued at $38,000. Nomura Asset Management Co. Ltd. acquired a new stake in Openlane during the fourth quarter valued at $39,000. Fifth Third Bancorp purchased a new position in Openlane in the fourth quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Openlane in the fourth quarter valued at $42,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Openlane Stock Down 1.1%

Shares of NYSE OPLN opened at $35.11 on Friday. The company's 50-day simple moving average is $38.42 and its 200-day simple moving average is $34.13. Openlane has a 52-week low of $24.32 and a 52-week high of $42.90. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of -41.31, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Openlane (NYSE:OPLN - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The business had revenue of $554.60 million during the quarter. Openlane's quarterly revenue was up 15.1% compared to the same quarter last year. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. Equities analysts predict that Openlane will post 1.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OPLN shares. Wall Street Zen lowered shares of Openlane from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Barclays lifted their price target on Openlane from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Bank of America upped their price target on Openlane from $37.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Openlane in a research report on Wednesday. Finally, Stephens reissued an "overweight" rating and issued a $42.00 price objective on shares of Openlane in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Openlane presently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

Insider Transactions at Openlane

In other news, CEO Peter J. Kelly acquired 14,830 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $33.72 per share, for a total transaction of $500,067.60. Following the acquisition, the chief executive officer owned 14,830 shares in the company, valued at approximately $500,067.60. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.22% of the company's stock.

About Openlane

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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