Kimelman & Baird initiated a new stake in Openlane, acquiring 809,840 shares valued at $24.12 million. This represents a 1.85% increase in the fund’s assets under management. The stake places Openlane outside the fund’s top five holdings, which number 260 reportable positions.

Kimelman & Baird reported acquiring 809,840 shares of Openlane, valued at $24.12 million, in the fourth quarter. Post-trade holding stands at 809,840 shares worth $24.12 million as of December 31, 2025. Openlane shares were priced at $28.86 on February 5, 2026, showing a 40.44% increase over the past year.

Openlane operates as a digital intermediary in the used vehicle market, offering a platform for buying and selling used vehicles. The company’s revenue growth in the fourth quarter was 9%, with earnings up by 14% year over year. It anticipates earnings of $0.95 to $1.09 per share in 2026.

Investors should consider Openlane’s growth potential, with a stock price down 11% YTD but up 26% over the past year. The stock is trading at 39 times earnings and 22 times forward earnings. Wall Street rates it a consensus buy with a $34 price target, indicating 28% growth potential.

Read more at Nasdaq: Why Openlane Stock is Drawing Institutional Investor Interest