Susquehanna Fundamental Investments LLC Acquires 62,918 Shares of Openlane $OPLN

Susquehanna Fundamental Investments LLC grew its holdings in shares of Openlane (NYSE:OPLN - Free Report) by 74.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,482 shares of the company's stock after buying an additional 62,918 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.12% of Openlane worth $6,082,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of OPLN. BlackRock Inc. bought a new stake in shares of Openlane in the 2nd quarter valued at $660,070,000. Vanguard Group Inc. bought a new position in Openlane during the fourth quarter worth $348,271,000. Bank of Montreal Can acquired a new stake in Openlane in the fourth quarter worth $220,158,000. Dimensional Fund Advisors LP acquired a new stake in Openlane in the fourth quarter worth $200,309,000. Finally, Hawk Ridge Capital Management LP increased its stake in Openlane by 72.5% in the first quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company's stock valued at $144,792,000 after purchasing an additional 2,087,200 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Insider Transactions at Openlane

In related news, CEO Peter J. Kelly purchased 14,830 shares of the business's stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $33.72 per share, for a total transaction of $500,067.60. Following the purchase, the chief executive officer owned 14,830 shares of the company's stock, valued at approximately $500,067.60. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.22% of the company's stock.

Openlane Stock Up 1.5%

Openlane stock opened at $35.62 on Tuesday. Openlane has a 1-year low of $24.32 and a 1-year high of $42.90. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -41.91, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The firm's fifty day moving average price is $38.36 and its two-hundred day moving average price is $34.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Openlane (NYSE:OPLN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. Openlane had a net margin of 9.67% and a return on equity of 12.81%. The firm had revenue of $554.60 million during the quarter. The company's quarterly 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. On average, equities research analysts predict that Openlane will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OPLN shares. Northcoast Research set a $50.00 price objective on shares of Openlane in a report on Wednesday, August 5th. Robert W. Baird set a $40.00 target price on Openlane in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised Openlane from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $33.00 to $38.00 in a research report on Wednesday, May 27th. Zacks Research raised Openlane from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Finally, Bank of America increased their price target on Openlane from $37.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.83.

About Openlane

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source