Janus Henderson Group PLC Sells 428,264 Shares of Openlane $OPLN

Key Points

• Janus Henderson cut its Openlane stake by 89.7% in the first quarter, selling 428,264 shares and retaining 49,060 shares valued at approximately $1.43 million. Institutional investors collectively own 99.76% of the company.
• Analyst sentiment remains positive, with Openlane receiving a consensus “Moderate Buy” rating and an average price target of $43.83. Recent target increases included Barclays at $49 and Bank of America at $44.
• Openlane exceeded quarterly earnings expectations, reporting $0.40 in EPS versus a $0.35 estimate and $554.6 million in revenue, up 15.1% year over year. The company guided to fiscal 2026 EPS of $1.40–$1.50.

Janus Henderson Group PLC lowered its stake in Openlane (NYSE:OPLN - Free Report) by 89.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,060 shares of the company's stock after selling 428,264 shares during the quarter. Janus Henderson Group PLC's holdings in Openlane were worth $1,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Openlane during the fourth quarter valued at approximately $26,000. First Horizon Corp acquired a new position in shares of Openlane during the 4th quarter worth approximately $27,000. Allworth Financial LP acquired a new position in shares of Openlane during the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane during the 4th quarter worth approximately $39,000. Finally, Fifth Third Bancorp bought a new stake in shares of Openlane during the 4th quarter worth approximately $40,000. Institutional investors own 99.76% of the company's stock.

Insider Activity at Openlane

In related news, insider William Clyde Mitchell sold 6,500 shares of the firm's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total transaction of $234,260.00. Following the transaction, the insider directly owned 15,914 shares of the company's stock, valued at approximately $573,540.56. This trade represents a 29.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Northcoast Research set a $50.00 target price on shares of Openlane in a research note on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Openlane in a research report on Friday, May 29th. Barclays increased their price target on shares of Openlane from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of Openlane from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $33.00 to $38.00 in a research report on Wednesday, May 27th. Finally, Bank of America boosted their price objective on shares of Openlane from $37.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.83.

Openlane Stock Performance

NYSE:OPLN opened at $36.95 on Monday. The stock has a 50 day simple moving average of $39.21 and a 200 day simple moving average of $33.63. The stock has a market cap of $4.54 billion, a P/E ratio of -43.47, a PEG ratio of 2.24 and a beta of 1.28. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

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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