Strs Ohio Invests $1.07 Million in Openlane $OPLN

Key Points

• STRS Ohio acquired a new stake of 36,000 shares in Openlane (OPLN) in Q4, valued at about $1.07 million, and institutional investors now own 99.76% of the stock.
• EVP James P. Coyle sold 88,444 shares on Feb. 20 at an average of $28.83 for roughly $2.55 million, cutting his holding by 58.07%; insiders own 2.22% of the company.
• Q1 results beat expectations with $0.35 EPS vs. $0.32 and $527.9M revenue (up 14.8% YoY); Openlane set FY2026 guidance of $1.28–1.42 EPS and has an average analyst target of $37.20 with a "Moderate Buy" consensus.

Strs Ohio acquired a new stake in shares of Openlane (NYSE:OPLN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,000 shares of the company's stock, valued at approximately $1,072,000.

Several other hedge funds have also made changes to their positions in OPLN. Salomon & Ludwin LLC acquired a new stake in Openlane during the fourth quarter worth about $26,000. First Horizon Corp acquired a new position in Openlane in the 4th quarter valued at approximately $27,000. Fifth Third Bancorp bought a new stake in shares of Openlane in the 4th quarter worth approximately $40,000. North Star Investment Management Corp. bought a new stake in shares of Openlane in the 4th quarter worth approximately $47,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Openlane during the 4th quarter worth approximately $149,000. Institutional investors own 99.76% of the company's stock.

Insider Activity

In other news, EVP James P. Coyle sold 88,444 shares of the business's stock in a transaction 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 sale, the executive vice president owned 63,869 shares in the company, valued at approximately $1,841,343.27. The trade was a 58.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stephens boosted their price objective on Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. Weiss Ratings lowered shares of Openlane from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday, March 3rd. Barclays reissued an "overweight" rating and issued a $40.00 price target on shares of Openlane in a report on Wednesday. Robert W. Baird set a $40.00 price objective on shares of Openlane in a report on Wednesday. Finally, Zacks Research upgraded shares of Openlane from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Openlane currently 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 company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16. The firm 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 stock has a 50 day moving average of $29.36.

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