Openlane $OPLN Shares Sold by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC cut its Openlane stake by 21% in the second quarter, selling 40,796 shares and retaining 153,332 shares worth approximately $6.3 million. Institutional investors collectively own 99.76% of the company.
• Openlane reported quarterly EPS of $0.40, beating estimates by $0.05, while revenue rose 15.1% year over year to $554.6 million. The company guided to fiscal 2026 EPS of $1.40–$1.50.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $43.83, despite mixed recent rating changes. Shares opened at $36.95, down 1.8%.

Oliver Luxxe Assets LLC reduced its holdings in Openlane (NYSE:OPLN - Free Report) by 21.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,332 shares of the company's stock after selling 40,796 shares during the period. Oliver Luxxe Assets LLC owned about 0.14% of Openlane worth $6,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 475 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Openlane during the first quarter valued at $159,000. Prospect Capital Advisors LLC purchased a new stake in Openlane in the first quarter valued at $2,437,000. Amundi purchased a new stake in Openlane in the first quarter valued at $334,000. Finally, California State Teachers Retirement System boosted its holdings in Openlane by 27.2% in the first quarter. California State Teachers Retirement System now owns 127,304 shares of the company's stock valued at $3,711,000 after purchasing an additional 27,232 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Insider Activity

In other news, insider William Clyde Mitchell sold 6,500 shares of Openlane stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.04, for a total value of $234,260.00. Following the sale, the insider owned 15,914 shares in the company, valued at $573,540.56. This trade represents a 29.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.22% of the stock is currently owned by company insiders.

Openlane Trading Down 1.8%

Shares of NYSE:OPLN opened at $36.95 on Friday. Openlane has a 1 year low of $24.32 and a 1 year high of $42.90. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of -43.47, a price-to-earnings-growth ratio of 2.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.16. The business's 50 day moving average price is $39.21 and its 200-day moving average price is $33.60.

Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $554.60 million during the quarter. Openlane had a net margin of 9.67% and a return on equity of 12.81%. Openlane'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. On average, equities research analysts forecast that Openlane will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on OPLN shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Openlane in a research note on Friday, May 29th. JPMorgan Chase & Co. upgraded Openlane from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $33.00 to $38.00 in a research note on Wednesday, May 27th. Barclays raised their target price on Openlane from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen cut Openlane from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Zacks Research raised Openlane from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Openlane presently has a consensus rating of "Moderate Buy" and an average target price of $43.83.

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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