Jupiter Topco LLC Takes $2.02 Million Position in Openlane $OPLN

Key Points

• Jupiter Topco acquired 49,060 Openlane shares worth approximately $2.02 million, while several other institutions also initiated positions. Institutional investors now own 99.76% of the company.
• Openlane reported quarterly EPS of $0.40, beating estimates of $0.35, while revenue rose 15.1% year over year to $554.6 million. The company maintained fiscal 2026 EPS guidance of $1.40–$1.50.
• Analyst sentiment remains positive, with an overall “Moderate Buy” rating and an average price target of $43.83 versus the stock’s reported $34.87 price. CEO Peter Kelly also purchased approximately $500,000 of company shares.

Jupiter Topco LLC acquired a new position in shares of Openlane (NYSE:OPLN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 49,060 shares of the company's stock, valued at approximately $2,023,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in Openlane in the second quarter valued at about $4,716,000. Canada Pension Plan Investment Board acquired a new position in shares of Openlane during the 2nd quarter worth about $565,000. Manatuck Hill Partners LLC bought a new stake in shares of Openlane in the 2nd quarter valued at about $10,310,000. Castleark Management LLC bought a new stake in shares of Openlane in the 2nd quarter valued at about $8,958,000. Finally, Legal & General Group Plc acquired a new stake in shares of Openlane in the 2nd quarter valued at approximately $10,234,000. Institutional investors own 99.76% of the company's stock.

Openlane Stock Up 0.7%

Shares of Openlane stock opened at $34.87 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of -41.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26. 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 business has a 50-day moving average of $38.10 and a two-hundred day moving average of $34.35. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90.

Openlane (NYSE:OPLN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Openlane had a return on equity of 12.81% and a net margin of 9.67%.The business had revenue of $554.60 million for the quarter. The company's revenue was up 15.1% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities analysts predict that Openlane will post 1.45 EPS for the current year.

Insider Buying and Selling

In related news, CEO Peter Kelly bought 14,830 shares of the company's stock in a transaction on Monday, August 24th. The shares were purchased 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 of the company's stock, valued at approximately $500,067.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OPLN. Barclays lifted their price objective on shares of Openlane from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Stephens reaffirmed an "overweight" rating and issued a $42.00 target price on shares of Openlane in a research note on Thursday, June 11th. Northcoast Research set a $50.00 target price on shares of Openlane in a report on Wednesday, August 5th. Zacks Research raised shares of Openlane from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Openlane from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $43.83.

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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