Insider Selling: Openlane (NYSE:OPLN) EVP Sells 15,000 Shares of Stock

Key Points

• Openlane EVP James Coyle sold 15,000 shares on May 6 at an average price of $35.77, totaling about $536,550. After the sale, he still owned 58,512 shares, representing a 20.4% reduction in his position.
• The company just reported stronger-than-expected quarterly results, with EPS of $0.35 versus the $0.32 consensus and revenue up 14.8% year over year to $527.9 million. Openlane also provided FY2026 EPS guidance of 1.280 to 1.420.
• Analysts remain moderately positive on the stock, with several raising price targets to $37-$40 and the overall consensus rating at "Moderate Buy." The average target price is currently $38.00.

Openlane (NYSE:OPLN - Get Free Report) EVP James Coyle sold 15,000 shares of Openlane stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $35.77, for a total transaction of $536,550.00. Following the transaction, the executive vice president owned 58,512 shares in the company, valued at approximately $2,092,974.24. This trade represents a 20.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Openlane Stock Performance

Shares of NYSE:OPLN traded up $0.34 during mid-day trading on Friday, reaching $38.01. 1,148,025 shares of the company's stock were exchanged, compared to its average volume of 909,169. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of -37.26 and a beta of 1.22. The firm's fifty day simple moving average is $29.59. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. Openlane has a twelve month low of $21.62 and a twelve month high of $38.49.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OPLN shares. Barclays boosted their target price on shares of Openlane from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday. Stephens boosted their target price on shares of Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, January 23rd. Northcoast Research set a $40.00 target price on shares of Openlane in a report on Wednesday. Robert W. Baird set a $40.00 target price 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 report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and three 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 target price of $38.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paradice Investment Management LLC purchased a new position in Openlane in the fourth quarter valued at about $23,837,000. State of Alaska Department of Revenue purchased a new position in Openlane in the fourth quarter valued at about $2,211,000. Vanguard Group Inc. purchased a new position in Openlane in the fourth quarter valued at about $348,271,000. Strs Ohio purchased a new position in Openlane in the fourth quarter valued at about $1,072,000. Finally, Guidance Capital Inc. purchased a new position in Openlane in the fourth quarter valued at about $770,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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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