Corient Private Wealth LP Purchases New Stake in Openlane $OPLN

Key Points

• Corient Private Wealth purchased 30,828 Openlane shares worth approximately $1.27 million, while institutional investors collectively own 99.76% of the company.
• Openlane exceeded quarterly earnings expectations, reporting $0.40 EPS versus the $0.35 consensus and $554.6 million in revenue, up 15.1% year over year. Management guided to fiscal 2026 EPS of $1.40–$1.50.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $43.83, above the reported share price of $35.50; CEO Peter Kelly also bought roughly $500,000 of stock.

Corient Private Wealth LP purchased a new stake in shares of Openlane (NYSE:OPLN - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,828 shares of the company's stock, valued at approximately $1,271,000.

Other institutional investors also recently bought and sold shares of the company. Hawk Ridge Capital Management LP boosted its holdings in Openlane by 72.5% in the 1st quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company's stock worth $144,792,000 after acquiring an additional 2,087,200 shares during the period. Ranger Investment Management L.P. purchased a new stake in shares of Openlane during the second quarter valued at approximately $18,146,000. Nicholas Company Inc. acquired a new position in shares of Openlane during the fourth quarter worth $6,380,000. Comerica Bank acquired a new position in shares of Openlane during the fourth quarter worth $951,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Openlane during the fourth quarter worth $2,152,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Openlane Price Performance

Shares of NYSE:OPLN opened at $35.50 on Friday. Openlane has a 12 month low of $24.32 and a 12 month high of $42.90. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of -41.76, a PEG ratio of 2.15 and a beta of 1.26. The stock's 50 day moving average price is $37.97 and its 200 day moving average price is $34.35. 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 (NYSE:OPLN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $554.60 million for the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. 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. Equities research analysts anticipate that Openlane will post 1.45 earnings per share for the current fiscal year.

Insider Activity at Openlane

In related news, CEO Peter Kelly acquired 14,830 shares of the business's stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the transaction, the chief executive officer owned 14,830 shares of the company's stock, valued at approximately $500,067.60. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Northcoast Research set a $50.00 price target on shares of Openlane in a research note on Wednesday, August 5th. Bank of America upped their price target on Openlane from $37.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upgraded Openlane from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $33.00 to $38.00 in a research note on Wednesday, May 27th. Barclays boosted their target price on shares of Openlane from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Openlane in a report on Wednesday, August 26th. One research 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. According to MarketBeat.com, Openlane presently has a consensus 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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