Open Lending Corporation (LPRO)

NASDAQ: LPRO · IEX Real-Time Price · USD
10.19
+0.20 (2.00%)
At close: May 26, 2023, 4:00 PM
9.81
-0.38 (-3.74%)
After-hours: May 26, 2023, 4:23 PM EDT
2%
Market Cap 1.23B
Revenue (ttm) 167.89M
Net Income (ttm) 56.00M
Shares Out 120.65M
EPS (ttm) 0.44
PE Ratio 23.16
Forward PE 12.74
Dividend n/a
Ex-Dividend Date n/a
Volume 680,653
Open 10.21
Previous Close 9.99
Day's Range 9.54 - 10.29
52-Week Range 5.35 - 13.97
Beta 0.77
Analysts Buy
Price Target 10.43 (+2.36%)
Earnings Date May 9, 2023

About LPRO

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company's LPP products include loan analytics,... [Read more]

Industry Credit Services
Sector Financials
Founded 2000
Employees 180
Stock Exchange NASDAQ
Ticker Symbol LPRO
Full Company Profile

Financial Performance

In 2022, Open Lending's revenue was $179.59 million, a decrease of -16.72% compared to the previous year's $215.66 million. Earnings were $66.62 million, a decrease of -54.40%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for LPRO stock is "Buy." The 12-month stock price forecast is $10.43, which is an increase of 2.36% from the latest price.

Price Target
$10.43
(2.36% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Lending Enablement Solutions Drive ROA Attainment for Automotive Lenders, Open Lending Survey Finds

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial inst...

2 weeks ago - Business Wire

Sound Credit Union's Auto Loan Yield Jumped 8% After Implementing Open Lending's Lenders Protection™, Case Study Finds

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial inst...

3 weeks ago - Business Wire

Open Lending to Announce First Quarter 2023 Results on May 9, 2023

AUSTIN, Texas, April 24, 2023 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions ...

1 month ago - GlobeNewsWire

Open Lending Releases Initial Survey Findings on Market Challenges for Auto Lenders, Opportunities to Improve Return on Assets

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial inst...

1 month ago - Business Wire

Open Lending Partners with Crescent Bank to Meet Demand for Auto Loans, Accelerate Approval Process

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial inst...

2 months ago - Business Wire

Open Lending Reports Fourth Quarter and Fiscal Year 2022 Financial Results

AUSTIN, Texas, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the “Company” or “Open Lending”), a leading provider of lending enablement and risk analytics solutions to fin...

3 months ago - GlobeNewsWire

Open Lending Extends Program to Older Vehicles to Support Today's Car Buyer

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in auto lending enablement and risk analytics solutions for financial...

3 months ago - Business Wire

Open Lending to Announce Fourth Quarter and Full Year 2022 Results on February 23, 2023

AUSTIN, Texas, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions f...

3 months ago - GlobeNewsWire

Open Lending Appoints Kevin Filan as Senior Vice President of Marketing

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial in...

4 months ago - Business Wire

Open Lending Report Reveals Lender Opportunity to Create Loyalty and Empower Underserved Populations through Vehicle Access

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial in...

5 months ago - Business Wire

Open Lending Board of Directors Authorizes $75 Million Share Repurchase Program

AUSTIN, Texas, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions for financial instituti...

6 months ago - GlobeNewsWire

Open Lending Research Exposes Opportunity for Automobile Lenders

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and analytics solutions for financial institu...

6 months ago - Business Wire

Open Lending Reports Third Quarter 2022 Financial Results

AUSTIN, Texas, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the “Company” or “Open Lending”), an industry trailblazer in lending enablement and risk analytics solutions t...

7 months ago - GlobeNewsWire

America First Credit Union Affords More Members Access to Vehicle Ownership

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial inst...

7 months ago - Business Wire

Open Lending to Announce Third Quarter 2022 Results on November 3, 2022

AUSTIN, Texas, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), an industry pioneer in lending enablement and risk analytics solutions for financial institut...

7 months ago - GlobeNewsWire

Open Lending Appoints Automotive Technology Veteran Keith A. Jezek as CEO

Leadership Transition Prepares Open Lending for Next Era of Growth Leadership Transition Prepares Open Lending for Next Era of Growth

8 months ago - GlobeNewsWire

Open Lending's 84-Month Near and Non-Prime Auto Loans Enable Credit Unions to Meet Rising Auto Prices

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial inst...

9 months ago - Business Wire

Open Lending to Present at Canaccord Genuity 42nd Annual Growth Conference

AUSTIN, Texas, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), a leading provider of lending enablement and risk analytics solutions to fin...

10 months ago - GlobeNewsWire

Open Lending Reports Second Quarter 2022 Financial Results

AUSTIN, Texas, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (Nasdaq: LPRO) (the “Company” or “Open Lending”), a leading provider of lending enablement and risk analytics solutions to fin...

10 months ago - GlobeNewsWire

Open Lending to Announce Second Quarter 2022 Results on August 4, 2022

AUSTIN, Texas, July 12, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutio...

11 months ago - GlobeNewsWire

Open Lending Signs Agreement with Arch Specialty Insurance Company

Arch Insurance will be the Company's Fourth Insurance Carrier Partner Arch Insurance will be the Company's Fourth Insurance Carrier Partner

1 year ago - GlobeNewsWire

Open Lending to Announce First Quarter 2022 Results on May 5, 2022

AUSTIN, Texas, April 25, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial instituti...

1 year ago - GlobeNewsWire

Open Lending Announces Extension of Agreement with AmTrust

Agreement Extended Through 2028 Agreement Extended Through 2028

1 year ago - GlobeNewsWire

Open Lending to Announce Fourth Quarter and Full Year 2021 Results on February 24, 2022

AUSTIN, Texas, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutio...

1 year ago - GlobeNewsWire

Open Lending signs 71 Financial Institutions to the Lenders Protection Program in 2021

Provides financial institutions with a safe way to increase near-prime and non-prime auto loan volumes Provides financial institutions with a safe way to increase near-prime and non-prime auto loan vo...

1 year ago - GlobeNewsWire