Openlane (NYSE:OPLN) Upgraded at Northcoast Research

Key Points

• Northcoast Research upgraded Openlane (OPLN) from "neutral" to "buy" and set a $34 price target, implying roughly a 27.3% upside from the current share price.
• Analyst views are mixed — three Buys, two Holds and one Sell — leaving a MarketBeat consensus of "Hold" with an average price target of $33.50, even as firms like Barclays and Stephens recently raised their targets to $34 and $37 respectively.
• In its latest quarter OPLN posted $0.25 EPS (vs. $0.27 expected) and $494.3M revenue (+8.6% YoY), and issued FY2026 guidance of $1.240–$1.380 in EPS.

Openlane (NYSE:OPLN - Get Free Report) was upgraded by analysts at Northcoast Research from a "neutral" rating to a "buy" rating in a note issued to investors on Monday, Marketbeat reports. The firm currently has a $34.00 price target on the stock. Northcoast Research's price target points to a potential upside of 27.33% from the company's current price.

OPLN has been the subject of a number of other reports. Barclays upped their target price on Openlane from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Openlane from a "hold" rating to a "strong sell" rating in a research note on Monday, February 23rd. Weiss Ratings lowered shares of Openlane from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday, March 3rd. Stephens increased their price objective on shares of Openlane from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, January 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 report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.50.

Openlane Stock Down 0.2%

OPLN stock opened at $26.70 on Monday. Openlane has a twelve month low of $17.08 and a twelve month high of $31.78. 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 firm has a market capitalization of $2.84 billion, a P/E ratio of -22.44, a PEG ratio of 1.25 and a beta of 1.29. The business's 50-day moving average price is $28.52.

Openlane (NYSE:OPLN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Openlane had a net margin of 9.19% and a return on equity of 12.74%. The firm had revenue of $494.30 million during the quarter. During the same period last year, the business posted $0.21 earnings per share. 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 Buying and Selling

In related news, EVP James P. Coyle sold 88,444 shares of the business's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $28.83, for a total value of $2,549,840.52. Following the sale, the executive vice president owned 63,869 shares of the company's stock, valued at $1,841,343.27. The trade was a 58.07% decrease in their position. The sale 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 corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of Openlane during the 4th quarter worth about $1,072,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Openlane in the fourth quarter valued at about $472,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Openlane in the fourth quarter valued at about $649,000. North Star Investment Management Corp. bought a new stake in Openlane during the fourth quarter worth about $47,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Openlane during the fourth quarter worth about $252,000. 99.76% of the stock is owned by 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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