Openlane (NYSE:OPLN) Trading 7.9% Higher After Earnings Beat

Key Points

• Openlane reported EPS of $0.35 versus a $0.32 consensus and revenue of $527.9M (up 14.8% YoY), and set FY2026 guidance of $1.280–$1.420 in EPS.
• Shares jumped 7.9% intraday to about $34.60 on the results, though trading volume was 66% below average; the company has a market cap near $3.7B and a trailing P/E of -29.32.
• Analyst sentiment is mixed but tilted positive with a consensus "Moderate Buy" and an average target of $33.50, while EVP James P. Coyle sold 88,444 shares and insiders own about 2.22% of the stock.

Openlane (NYSE:OPLN - Get Free Report) shares traded up 7.9% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $34.44 and last traded at $34.6040. 295,957 shares were traded during trading, a decline of 66% from the average session volume of 861,278 shares. The stock had previously closed at $32.06.

The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $527.90 million for the quarter. Openlane had a net margin of 9.19% and a return on equity of 12.74%. The firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. Openlane has set its FY 2026 guidance at 1.280-1.420 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OPLN. Stephens boosted their price objective on Openlane from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, January 23rd. Northcoast Research raised Openlane from a "neutral" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Monday, March 30th. Zacks Research raised Openlane from a "strong sell" rating to a "hold" rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on Openlane from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 19th. Finally, Weiss Ratings cut Openlane from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

Insider Activity

In other news, EVP James P. Coyle sold 88,444 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $28.83, for a total transaction of $2,549,840.52. Following the completion of the transaction, the executive vice president directly owned 63,869 shares in the company, valued at approximately $1,841,343.27. The trade was 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. Insiders own 2.22% of the company's stock.

Hedge Funds Weigh In On Openlane

Several institutional investors have recently modified their holdings of OPLN. Yousif Capital Management LLC acquired a new position in shares of Openlane during the 4th quarter worth about $857,000. Smith Moore & CO. acquired a new position in shares of Openlane during the 4th quarter worth about $448,000. State of Alaska Department of Revenue acquired a new position in shares of Openlane during the 4th quarter worth about $2,211,000. Guidance Capital Inc. acquired a new position in shares of Openlane during the 4th quarter worth about $770,000. Finally, CWM LLC acquired a new position in shares of Openlane during the 4th quarter worth about $320,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Openlane Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $29.03. The company has a market cap of $3.70 billion, a P/E ratio of -29.32 and a beta of 1.22.

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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