Hsbc Holdings PLC Takes Position in Openlane $OPLN

Key Points

• Hsbc Holdings PLC purchased 113,831 Openlane shares worth approximately $4.7 million in the second quarter, while institutional investors and hedge funds collectively own 99.76% of the company.
• Openlane CEO Peter J. Kelly bought 14,830 shares for about $500,000. Analysts maintain a Moderate Buy consensus, with an average price target of $43.83 versus the reported share price of $35.11.
• Openlane beat quarterly earnings expectations with EPS of $0.40 versus a $0.35 estimate, while revenue rose 15.1% year over year to $554.6 million; fiscal 2026 EPS guidance is $1.40–$1.50.

Hsbc Holdings PLC purchased a new position in Openlane (NYSE:OPLN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 113,831 shares of the company's stock, valued at approximately $4,716,000. Hsbc Holdings PLC owned 0.09% of Openlane at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of Openlane during the 4th quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in Openlane in the 4th quarter worth $39,000. Fifth Third Bancorp acquired a new position in Openlane during the fourth quarter worth $40,000. Versant Capital Management Inc raised its position in Openlane by 94.2% during the second quarter. Versant Capital Management Inc now owns 979 shares of the company's stock worth $40,000 after acquiring an additional 475 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new position in Openlane during the fourth quarter valued at $42,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

Several analysts have recently issued reports on OPLN shares. Robert W. Baird set a $40.00 target price on shares of Openlane in a research report on Wednesday, May 6th. Zacks Research raised shares of Openlane from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Barclays lifted their price objective on Openlane from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Northcoast Research set a $50.00 price objective on Openlane in a research note on Wednesday, August 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Openlane in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.83.

Openlane Trading Down 1.1%

Shares of Openlane stock opened at $35.11 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock's 50 day simple moving average is $38.42 and its 200-day simple moving average is $34.13. The stock has a market cap of $4.31 billion, a P/E ratio of -41.31, a P/E/G ratio of 2.16 and a beta of 1.28. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90.

Openlane (NYSE:OPLN - Get Free Report) last posted 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. The firm had revenue of $554.60 million during the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The firm's 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. Analysts predict that Openlane will post 1.45 EPS for the current fiscal year.

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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