Open Lending Corporation (LPRO)
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]
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 StatementsAnalyst 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.
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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

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...

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

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...

Open Lending Announces Extension of Agreement with AmTrust
Agreement Extended Through 2028 Agreement Extended Through 2028

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...

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...