Insider Selling: Openlane (NYSE:OPLN) EVP Sells 19,763 Shares of Stock

Key Points

• Openlane EVP Charles Coleman sold 19,763 shares on May 6 at an average price of $35.86, totaling about $708,701. After the sale, he still held 74,334 shares, representing a 21% reduction in his position.
• The company recently reported strong quarterly results, with EPS of $0.35 beating estimates by $0.03 and revenue rising 14.8% year over year to $527.9 million. Openlane also issued FY2026 guidance of 1.280–1.420 EPS.
• Wall Street sentiment remains constructive, with analysts holding a consensus Moderate Buy rating and an average price target of $38.00. Shares recently traded at $38.01, near the 12-month high of $38.49.

Openlane (NYSE:OPLN - Get Free Report) EVP Charles Coleman sold 19,763 shares of the company's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $35.86, for a total transaction of $708,701.18. Following the completion of the sale, the executive vice president owned 74,334 shares of the company's stock, valued at approximately $2,665,617.24. The trade was a 21.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Openlane Price Performance

Shares of NYSE OPLN traded up $0.34 during trading on Friday, hitting $38.01. The stock had a trading volume of 1,148,025 shares, compared to its average volume of 909,169. Openlane has a 12 month low of $21.62 and a 12 month high of $38.49. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.03 billion, a P/E ratio of -37.26 and a beta of 1.22. The company's fifty day moving average price is $29.59.

Openlane (NYSE:OPLN - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Openlane had a net margin of 9.47% and a return on equity of 13.00%. The firm had revenue of $527.90 million during the quarter. During the same quarter in the previous year, the company earned $0.31 EPS. The business's 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, equities analysts expect that Openlane will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OPLN has been the subject of several research reports. Zacks Research upgraded shares of Openlane from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Robert W. Baird set a $40.00 price target on shares of Openlane in a research report on Wednesday. Barclays increased their price target on shares of Openlane from $35.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday. Stephens increased their price target on shares of Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. Finally, Northcoast Research set a $40.00 target price on shares of Openlane in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Openlane presently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OPLN. Salomon & Ludwin LLC purchased a new position in shares of Openlane during the fourth quarter worth approximately $26,000. First Horizon Corp purchased a new position in shares of Openlane during the fourth quarter worth approximately $27,000. Allworth Financial LP purchased a new position in shares of Openlane during the fourth quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Openlane during the fourth quarter worth approximately $39,000. Finally, Fifth Third Bancorp purchased a new position in shares of Openlane during the fourth quarter worth approximately $40,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.

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