State of New Jersey Common Pension Fund D Acquires New Holdings in Openlane $OPLN

Key Points

• State of New Jersey Common Pension Fund D opened a new stake in Openlane of 85,050 shares (≈$2.53M), representing about 0.08% ownership per its Q4 13F filing.
• Institutional buying was broad: Vanguard established a ~$348.3M position and other institutions (Paradice, M&T, UBS, State of Alaska) also opened stakes, leaving institutional ownership at roughly 99.76%.
• Openlane beat Q results (EPS $0.35 vs. $0.32), set FY2026 guidance of 1.280–1.420 EPS, and holds an average analyst stance of "Moderate Buy" with a $37.20 target while shares trade near $35.97 (market cap ≈ $3.81B).

State of New Jersey Common Pension Fund D acquired a new stake in shares of Openlane (NYSE:OPLN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 85,050 shares of the company's stock, valued at approximately $2,533,000. State of New Jersey Common Pension Fund D owned approximately 0.08% of Openlane as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. bought a new stake in shares of Openlane during the fourth quarter valued at about $348,271,000. Paradice Investment Management LLC bought a new stake in shares of Openlane during the fourth quarter valued at about $23,837,000. M&T Bank Corp bought a new stake in shares of Openlane during the fourth quarter valued at about $11,642,000. UBS Group AG bought a new stake in shares of Openlane during the fourth quarter valued at about $2,582,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Openlane during the fourth quarter valued at about $2,211,000. 99.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Openlane from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. Robert W. Baird set a $40.00 price objective on shares of Openlane in a research note on Wednesday. Weiss Ratings cut shares of Openlane from a "buy (b)" rating to a "hold (c)" rating in a research note on Tuesday, March 3rd. Stephens lifted their target price on Openlane from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Finally, Northcoast Research set a $40.00 target price on Openlane in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Openlane presently has an average rating of "Moderate Buy" and an average target price of $37.20.

Openlane Trading Up 1.7%

Shares of OPLN opened at $35.97 on Thursday. The business has a 50-day moving average of $29.36. The stock has a market cap of $3.81 billion, a PE ratio of -35.27 and a beta of 1.22. Openlane has a 1-year low of $19.01 and a 1-year high of $36.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 1.16.

Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The firm had revenue of $527.90 million for the quarter. Openlane had a return on equity of 13.00% and a net margin of 9.47%.The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS. On average, research analysts predict that Openlane will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other Openlane news, EVP James P. Coyle sold 88,444 shares of Openlane stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the transaction, the executive vice president owned 63,869 shares of the company's stock, valued at $1,841,343.27. The trade was a 58.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.22% of the stock is currently owned by company insiders.

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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