Openlane (NYSE:OPLN) Hits New 1-Year High - Here's Why

Key Points

• Openlane hit a new 52-week high, trading as high as $31.78 and last at $31.5050 on volume of 117,872 shares.
• Analysts are mixed—three Buys, two Holds and one Sell—leaving a consensus rating of Hold and a consensus price target of $33.50 after several recent price-target adjustments.
• Openlane reported Q results with EPS of $0.25 (missed estimates by $0.02) and revenue of $494.3M (up 8.6% YoY), and issued FY2026 guidance of EPS 1.240–1.380.

Openlane (NYSE:OPLN - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $31.78 and last traded at $31.5050, with a volume of 117872 shares. The stock had previously closed at $30.71.

Analyst Ratings Changes

A number of equities analysts recently commented on OPLN shares. Stephens raised their price objective on shares of Openlane from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, January 23rd. Weiss Ratings lowered shares of Openlane from a "buy (b)" rating to a "hold (c)" rating in a research note on Tuesday, March 3rd. Barclays raised their price objective on shares of Openlane from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 21st. Zacks Research lowered shares of Openlane from a "hold" rating to a "strong sell" rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Openlane from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $33.50.

Openlane Trading Up 3.0%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.36 billion, a P/E ratio of -26.59, a PEG ratio of 1.43 and a beta of 1.24. The business has a 50-day moving average of $28.49.

Openlane (NYSE:OPLN - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Openlane had a return on equity of 12.74% and a net margin of 9.19%.The company had revenue of $494.30 million during the quarter. During the same period last year, the firm posted $0.21 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Openlane has set its FY 2026 guidance at 1.240-1.380 EPS.

Insider Transactions at Openlane

In other Openlane news, EVP James P. Coyle sold 88,444 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 63,869 shares in the company, valued at $1,841,343.27. This represents a 58.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Openlane

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in Openlane in the 4th quarter worth approximately $26,000. First Horizon Corp bought a new position in shares of Openlane during the 4th quarter valued at $27,000. Allworth Financial LP bought a new position in shares of Openlane during the 4th quarter valued at $38,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Openlane during the 4th quarter valued at $39,000. Finally, Fifth Third Bancorp bought a new position in shares of Openlane during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

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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