Horizon Investments LLC Purchases Shares of 27,314 Openlane $OPLN

Key Points

• Horizon Investments LLC bought a new stake in Openlane during the fourth quarter, acquiring 27,314 shares valued at about $813,000.
• Openlane reported Q1 earnings of $0.35 per share, topping estimates of $0.32, while revenue rose 14.8% year over year to $527.9 million.
• Analysts remain mixed but constructive: the stock has a Moderate Buy consensus rating with an average price target of $38, and several firms recently raised their targets.

Horizon Investments LLC acquired a new stake in shares of Openlane (NYSE:OPLN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,314 shares of the company's stock, valued at approximately $813,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Salomon & Ludwin LLC bought a new stake in Openlane during the fourth quarter valued at $26,000. First Horizon Corp acquired a new stake in Openlane during the 4th quarter worth about $27,000. Fifth Third Bancorp acquired a new position in shares of Openlane in the 4th quarter valued at about $40,000. North Star Investment Management Corp. acquired a new position in shares of Openlane in the 4th quarter valued at about $47,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Openlane in the 4th quarter valued at about $149,000. Institutional investors own 99.76% of the company's stock.

Insider Transactions at Openlane

In related news, EVP James P. Coyle sold 88,444 shares of the business's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $28.83, for a total value of $2,549,840.52. Following the completion of the sale, the executive vice president directly owned 63,869 shares in the company, valued at $1,841,343.27. The trade was a 58.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.22% of the stock is owned by company insiders.

Openlane Price Performance

NYSE OPLN opened at $37.62 on Friday. The stock's 50-day simple moving average is $29.59. Openlane has a one year low of $20.53 and a one year high of $38.21. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -36.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16.

Openlane (NYSE:OPLN - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The business had revenue of $527.90 million for the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The firm's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. Equities analysts anticipate that Openlane will post 1.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stephens boosted their price target on Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on Openlane from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday. Weiss Ratings lowered Openlane from a "buy (b)" rating to a "hold (c)" rating in a research note on Tuesday, March 3rd. Robert W. Baird set a $40.00 price objective on Openlane in a research note on Wednesday. Finally, Northcoast Research set a $40.00 target price on Openlane in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Openlane has an average rating of "Moderate Buy" and an average price target of $38.00.

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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