Openlane (NYSE:OPLN) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

07 Nov 2026, 10:10 by Mitch Edgeman · The Markets Daily

Openlane (NYSE:OPLN – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $34.30 and traded as low as $34.26. Openlane shares last traded at $34.2970, with a volume of 1,578,369 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OPLN. Weiss Ratings reissued a “hold (c)” rating on shares of Openlane in a research note on Wednesday, August 26th. Northcoast Research set a $50.00 price objective on Openlane in a report on Wednesday, August 5th. Barclays upped their target price on shares of Openlane from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Zacks Research cut Openlane from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Wall Street Zen lowered Openlane from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Openlane presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Get Our Latest Stock Analysis on Openlane

Openlane Trading Down 3.8%

The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -46.35, a price-to-earnings-growth ratio of 1.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day moving average of $35.96 and a 200-day moving average of $34.30.

Openlane (NYSE:OPLN – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $561.20 million during the quarter. Openlane had a return on equity of 12.81% and a net margin of 9.67%. The business’s revenue was up 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Openlane will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Peter Kelly purchased 14,830 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $33.72 per share, with a total value of $500,067.60. Following the completion of the acquisition, the chief executive officer owned 14,830 shares in the company, valued at approximately $500,067.60. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OPLN. BlackRock Inc. acquired a new position in Openlane during the 2nd quarter worth $660,070,000. Hawk Ridge Capital Management LP boosted its stake in shares of Openlane by 72.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,967,144 shares of the company’s stock valued at $144,792,000 after purchasing an additional 2,087,200 shares in the last quarter. Sunriver Management LLC grew its stake in shares of Openlane by 1.3% during the 1st quarter. Sunriver Management LLC now owns 1,518,196 shares of the company’s stock valued at $44,255,000 after acquiring an additional 19,634 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Openlane by 7.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,251,247 shares of the company’s stock worth $36,474,000 after purchasing an additional 86,986 shares in the last quarter. Finally, Park West Asset Management LLC purchased a new position in shares of Openlane during the 2nd quarter valued at approximately $46,368,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Openlane Company Profile

(Get Free Report)

OPENLANE, Inc (NYSE: OPLN) operates a digital marketplace and technology platform for the wholesale vehicle industry. The company helps automotive dealers, manufacturers, fleet operators, rental companies and financial institutions buy and sell used vehicles through online and physical auction channels.