Squarepoint Ops LLC Reduces Position in Openlane $OPLN

Key Points

• Squarepoint Ops LLC cut its Openlane stake by 63.4% in the second quarter, selling 130,011 shares and retaining 75,094 shares valued at approximately $3.1 million. Institutional investors collectively own 99.76% of the company.
• Openlane reported quarterly EPS of $0.40, beating the $0.35 consensus estimate, while revenue rose 15.1% year over year to $554.6 million. The company issued fiscal 2026 EPS guidance of $1.40–$1.50.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $43.83, compared with the stock’s recent price of $35.26. CEO Peter Kelly also purchased 14,830 shares for roughly $500,000.

Squarepoint Ops LLC decreased its holdings in shares of Openlane (NYSE:OPLN - Free Report) by 63.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,094 shares of the company's stock after selling 130,011 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Openlane worth $3,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of OPLN. Allworth Financial LP bought a new position in shares of Openlane in the fourth quarter worth about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in Openlane during the 4th quarter valued at about $39,000. Versant Capital Management Inc boosted its position in Openlane by 94.2% in the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company's stock valued at $40,000 after buying an additional 475 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Openlane in the 4th quarter valued at about $42,000. Finally, Nykredit A S purchased a new stake in Openlane in the 2nd quarter valued at about $46,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Openlane Trading Down 0.1%

Shares of NYSE OPLN opened at $35.26 on Monday. 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 has a market capitalization of $4.33 billion, a P/E ratio of -41.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.26. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90. The business has a fifty day moving average price of $37.40 and a 200 day moving average price of $34.63.

Openlane (NYSE:OPLN - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company 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 company'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. Equities research analysts expect that Openlane will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OPLN shares. Zacks Research lowered shares of Openlane from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Northcoast Research set a $50.00 price target on Openlane in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised Openlane from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $33.00 to $38.00 in a research note on Wednesday, May 27th. Weiss Ratings restated a "hold (c)" rating on shares of Openlane in a report on Wednesday, August 26th. Finally, Stephens reaffirmed an "overweight" rating and set a $42.00 target price on shares of Openlane in a research report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Openlane currently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

Insider Activity

In other news, CEO Peter Kelly acquired 14,830 shares of Openlane stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the purchase, the chief executive officer directly owned 14,830 shares in the company, valued at $500,067.60. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.22% of the stock is currently owned by insiders.

Openlane Profile

OPENLANE, Inc operates a digital wholesale marketplace for used vehicles, connecting automobile dealers, manufacturers, fleet operators, rental companies and other commercial sellers with buyers. The company facilitates vehicle auctions and sales through online platforms and physical auction locations, helping customers source, sell and manage wholesale vehicles.

Its services include online and in-person auctions, vehicle inspections, condition reporting, transportation, title and registration support, reconditioning, and other transaction-related services.

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