William Blair Investment Management LLC Buys Shares of 192,046 Openlane $OPLN

Key Points

• William Blair Investment Management initiated a position in Openlane by purchasing 192,046 shares worth approximately $7.92 million, representing 0.16% of the company. Institutional investors collectively own 99.76% of Openlane’s outstanding shares.
• Openlane exceeded quarterly earnings expectations, reporting $0.40 in EPS versus the $0.35 consensus estimate and revenue of $554.6 million, up 15.1% year over year. The company issued fiscal 2026 EPS guidance of $1.40–$1.50.
• Analyst sentiment remains generally positive, with Openlane carrying a “Moderate Buy” consensus rating and an average price target of $43.83, despite recent hold ratings from some analysts.

William Blair Investment Management LLC bought a new position in Openlane (NYSE:OPLN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 192,046 shares of the company's stock, valued at approximately $7,920,000. William Blair Investment Management LLC owned 0.16% of Openlane as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OPLN. Versant Capital Management Inc raised its stake in Openlane by 94.2% during the 2nd quarter. Versant Capital Management Inc now owns 979 shares of the company's stock worth $40,000 after buying an additional 475 shares during the period. Allworth Financial LP acquired a new position in Openlane in the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Openlane in the fourth quarter worth about $39,000. Fifth Third Bancorp bought a new stake in shares of Openlane in the fourth quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Openlane during the fourth quarter worth about $42,000. 99.76% of the stock is owned by institutional investors.

Openlane Stock Performance

Shares of OPLN stock opened at $33.34 on Monday. The company's fifty day simple moving average is $38.75 and its 200-day simple moving average is $33.97. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.09 billion, a PE ratio of -39.22, a P/E/G ratio of 2.05 and a beta of 1.28. Openlane has a 12 month low of $24.32 and a 12 month high of $42.90.

Openlane (NYSE:OPLN - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.40 earnings per share 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 business had revenue of $554.60 million during the quarter. The firm'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. Equities research analysts expect that Openlane will post 1.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America boosted their price objective on Openlane from $37.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Weiss Ratings restated a "hold (c)" rating on shares of Openlane in a report on Friday, May 29th. Wall Street Zen cut shares of Openlane from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised shares of 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 report on Wednesday, May 27th. Finally, Stephens restated an "overweight" rating and set a $42.00 price objective on shares of Openlane in a report on Thursday, June 11th. One investment 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 company's stock. Based on data from MarketBeat.com, Openlane presently has an average 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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