M&T Bank Corp Makes New Investment in Openlane $OPLN

Key Points

• M&T Bank Corp bought 390,937 shares of Openlane in Q4 (≈$11.64 million), giving it roughly 0.37% ownership amid overall institutional ownership of 99.76%.
• EVP James P. Coyle sold 88,444 shares at an average $28.83 on Feb. 20, reducing his stake by 58% and leaving company insiders with about 2.32% ownership.
• Analysts are split (three Buy, three Hold) with an average rating of Moderate Buy and a target of $33.50; Openlane missed Q earnings ($0.25 vs. $0.27) but issued FY2026 EPS guidance of 1.240–1.380 (consensus ~1.34).

M&T Bank Corp acquired a new position in Openlane (NYSE:OPLN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 390,937 shares of the company's stock, valued at approximately $11,642,000. M&T Bank Corp owned approximately 0.37% of Openlane as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in OPLN. Salomon & Ludwin LLC bought a new position in shares of Openlane during the 4th quarter valued at approximately $26,000. First Horizon Corp bought a new position in shares of Openlane during the 4th quarter valued at approximately $27,000. TD Waterhouse Canada Inc. bought a new position in shares of Openlane during the 4th quarter valued at approximately $149,000. CWM LLC bought a new position in shares of Openlane during the 4th quarter valued at approximately $320,000. Finally, Smith Moore & CO. bought a new position in shares of Openlane during the 4th quarter valued at approximately $448,000. 99.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OPLN shares. Stephens increased their target price on shares of Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Openlane from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Barclays increased their target price on shares of Openlane from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, January 21st. Northcoast Research raised shares of Openlane from a "neutral" rating to a "buy" rating and set a $34.00 target price for the company in a research report on Monday, March 30th. Finally, Weiss Ratings downgraded shares of Openlane from a "buy (b)" rating to a "hold (c)" rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Openlane has an average rating of "Moderate Buy" and an average target price of $33.50.

Insider Buying and Selling

In related news, EVP James P. Coyle sold 88,444 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $28.83, for a total value of $2,549,840.52. Following the completion of the transaction, the executive vice president directly owned 63,869 shares of the company's stock, valued at approximately $1,841,343.27. This trade represents a 58.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.32% of the company's stock.

Openlane Trading Up 0.6%

OPLN opened at $31.85 on Friday. The business has a 50 day simple moving average of $28.82. The company has a market cap of $3.39 billion, a P/E ratio of -26.77 and a beta of 1.24. Openlane has a 12 month low of $17.83 and a 12 month high of $32.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 1.16.

Openlane (NYSE:OPLN - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $494.30 million during the quarter. Openlane had a return on equity of 12.74% and a net margin of 9.19%.The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS. Research analysts forecast that Openlane will post 1.34 earnings per share for the current fiscal year.

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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