Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, 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, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.
IPO Year:
Exchange: NASDAQ
Website: openlending.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/22/2024 | Buy → Hold | Needham | |
| 6/7/2024 | Neutral | BTIG Research | |
| 2/6/2024 | $4.00 → $7.00 | Underweight → Equal-Weight | Morgan Stanley |
| 11/8/2023 | $20.00 → $5.50 | Buy → Hold | Canaccord Genuity |
| 6/14/2023 | Neutral | BTIG Research | |
| 5/25/2023 | $13.00 | Buy | Needham |
| 2/27/2023 | $10.00 → $9.00 | Strong Buy → Outperform | Raymond James |
| 8/5/2022 | $22.00 → $13.00 | Overweight → Equal-Weight | Stephens |
| 7/25/2022 | $14.00 → $8.00 | Equal-Weight → Underweight | Morgan Stanley |
| 3/30/2022 | $25.00 | Hold | Deutsche Bank |
Automotive lending enablement provider releases data on national and regional vehicle registrations in the near- and non-prime market for Q2 2024 Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, just released a new Near- and Non-Prime Consumer Brief, the latest installment in its quarterly series of data reports on vehicle registrations. The report found that, despite continued challenges in the vehicle market, new vehicle registrations have risen and used vehicle registrations have stabilized in the past year, though supply remains below pre-Covid lev
AUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its third quarter of 2024. "I am pleased to report that in the third quarter of 2024, we were near or above the high end of our guidance for certified loans, revenue, and adjusted EBITDA, excluding the negative change in estimate associated with our profit share," said Chuck Jehl, Chief Executive Officer and interim Chief Financial Officer of Open Lending. "We continue to be encouraged that market conditions are trending positive
AUSTIN, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss third quarter 2024 financial results on Thursday, November 7, 2024, at 5:00pm ET. A press release with third quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conference call can also be accessed
Automotive lending enablement provider to increase loan conversion and paystub fraud prevention via new software integration Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced a partnership with Point Predictive, experts in predictive science. Designed to bring enhanced speed, security, and performance to automotive lenders, the partnership integrates the capabilities of Point Predictive's new IEValidate™ solution, and IncomePass™ solution into Open Lending's Lenders Protection™ loan decisioning engine. Unreliable applicant income informa
AUSTIN, Texas, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that its Board of Directors has appointed Chuck Jehl to serve as Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Jehl will continue to serve as Open Lending's Interim Chief Financial Officer while the Company conducts a comprehensive search for Mr. Jehl's replacement in the CFO role. "Chuck's exceptional leadership was confirmed while he served as the Company's Interim CEO, just as the Board expec
Lending enablement provider releases quarterly data report on near- and non-prime automotive lending trends, regional vehicle preferences Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today released a new Near- and Non-Prime Consumer Update, continuing its quarterly report series on automotive lending trends among near- and non-prime consumers. The report covers vehicle sales volume, interest rates, payment trends and consumer preferences in the first quarter of 2024. In addition to national data, this research offers findings on regional near- and
AUSTIN, Texas, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will be attending the Canaccord Genuity 44th Annual Growth Conference in Boston, MA. The Company will participate in a fireside chat discussion, which will begin at 11:00am ET and can be accessed by visiting the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. A replay of the webcast will be available on the investor relations website following the discussion. About Open
AUSTIN, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its second quarter of 2024. "For the second quarter of 2024 we were near or above the high end of our guidance range across certified loans, revenue, and Adjusted EBITDA, excluding a negative change in estimate associated with our profit share," said Chuck Jehl, Chief Financial Officer and Interim Chief Executive Officer of Open Lending. "While the automotive lending environment continues to face challenges, I am encouraged by the
AUSTIN, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss second quarter 2024 financial results on Thursday, August 8, 2024 at 5:00pm ET. A press release with second quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conference call can also be accessed
Securian Financial and Open Lending have announced a strategic partnership for Securian to provide insurance to credit unions and other auto lenders through the Lenders Protection™ program offered by Open Lending, a leading provider of automotive lending enablement and risk analytics solutions for financial institutions. "We are excited about our partnership with Open Lending to help credit unions reach new members and grow their businesses," said David Seidel, Securian Financial's U.S. head of Affinity Solutions. "The Lenders Protection program combines sophisticated analytics and enhanced underwriting with highly-rated insurance—empowering credit unions to offer more competitive loans t
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10-Q - Open Lending Corp (0001806201) (Filer)
8-K - Open Lending Corp (0001806201) (Filer)
8-K - Open Lending Corp (0001806201) (Filer)
10-Q - Open Lending Corp (0001806201) (Filer)
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8-K - Open Lending Corp (0001806201) (Filer)
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10-Q - Open Lending Corp (0001806201) (Filer)
8-K - Open Lending Corp (0001806201) (Filer)
AUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its third quarter of 2024. "I am pleased to report that in the third quarter of 2024, we were near or above the high end of our guidance for certified loans, revenue, and adjusted EBITDA, excluding the negative change in estimate associated with our profit share," said Chuck Jehl, Chief Executive Officer and interim Chief Financial Officer of Open Lending. "We continue to be encouraged that market conditions are trending positive
AUSTIN, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss third quarter 2024 financial results on Thursday, November 7, 2024, at 5:00pm ET. A press release with third quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conference call can also be accessed
AUSTIN, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its second quarter of 2024. "For the second quarter of 2024 we were near or above the high end of our guidance range across certified loans, revenue, and Adjusted EBITDA, excluding a negative change in estimate associated with our profit share," said Chuck Jehl, Chief Financial Officer and Interim Chief Executive Officer of Open Lending. "While the automotive lending environment continues to face challenges, I am encouraged by the
AUSTIN, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss second quarter 2024 financial results on Thursday, August 8, 2024 at 5:00pm ET. A press release with second quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conference call can also be accessed
AUSTIN, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its first quarter of 2024. "I am pleased to report that in the first quarter of 2024, we exceeded the high end of our guidance for both certified loans and revenue and exceeded the mid-point for Adjusted EBITDA," said Chuck Jehl, Chief Financial Officer and Interim Chief Executive Officer. "We are encouraged that market conditions appear to be improving. We remain focused on optimizing our core credit union and captive finance comp
AUSTIN, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss first quarter 2024 financial results on Tuesday, May 7, 2024 at 5:00pm ET. A press release with first quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conference call can also be accessed live o
AUSTIN, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its fourth quarter and full year ended December 31, 2023. "We exceeded the high-end of our guidance range for certified loans and revenues in the fourth quarter, excluding a negative change in estimate associated with our profit share. In 2023, we continued to improve our product and technology and further refined our go-to-market strategy to position us well for growth," said Keith Jezek, CEO of Open Lending. "In 2024, our priori
AUSTIN, Texas, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss fourth quarter and full year 2023 financial results on Tuesday, February 27, 2024 at 5:00pm ET. A press release with fourth quarter and full year 2023 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conferen
AUSTIN, Texas, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its third quarter of 2023. "During the quarter, we continued to focus on positioning ourselves for the future by making thoughtful investments in our business. We believe this positions us well to capture pent-up demand when the industry inevitably recovers," said Keith Jezek, CEO of Open Lending. "I remain excited about the future of Open Lending as we have a substantial total addressable market, a unique business model, strong v
AUSTIN, Texas, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will host a conference call to discuss third quarter 2023 financial results on Tuesday, November 7, 2023 at 5:00pm ET. A press release with third quarter 2023 financial results will be issued after the market closes that same day. The conference call will be webcast live from the Company's investor relations website at https://investors.openlending.com/ under the "Events" section. The conference call can also be accesse
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Needham downgraded Open Lending from Buy to Hold
BTIG Research initiated coverage of Open Lending with a rating of Neutral
Morgan Stanley upgraded Open Lending from Underweight to Equal-Weight and set a new price target of $7.00 from $4.00 previously
Canaccord Genuity downgraded Open Lending from Buy to Hold and set a new price target of $5.50 from $20.00 previously
BTIG Research initiated coverage of Open Lending with a rating of Neutral
Needham resumed coverage of Open Lending with a rating of Buy and set a new price target of $13.00
Raymond James downgraded Open Lending from Strong Buy to Outperform and set a new price target of $9.00 from $10.00 previously
Stephens downgraded Open Lending from Overweight to Equal-Weight and set a new price target of $13.00 from $22.00 previously
Morgan Stanley downgraded Open Lending from Equal-Weight to Underweight and set a new price target of $8.00 from $14.00 previously
Deutsche Bank initiated coverage of Open Lending with a rating of Hold and set a new price target of $25.00
Needham analyst Mayank Tandon downgrades Open Lending (NASDAQ:LPRO) from Buy to Hold.
Across the recent three months, 5 analysts have shared their insights on Open Lending (NASDAQ:LPRO), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 0 0 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $7.2, a high estimate of $8.00, and a low estimate of $6.00. A 5.51% drop is evident i
BTIG analyst Vincent Caintic assumes Open Lending (NASDAQ:LPRO) with a Neutral rating.
Canaccord Genuity analyst Joseph Vafi maintains Open Lending (NASDAQ:LPRO) with a Hold and lowers the price target from $7 to $6.
Needham analyst Mayank Tandon maintains Open Lending (NASDAQ:LPRO) with a Buy and lowers the price target from $8 to $7.
Open Lending (NASDAQ:LPRO) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.05 by 20 percent. This is a 60 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $30.745 million which beat the analyst consensus estimate of $28.648 million by 7.32 percent. This is a 19.85 percent decrease over sales of $38.361 million the same period last year.
AUSTIN, Texas, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company"), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that its Board of Directors has appointed Chuck Jehl to serve as Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Jehl will continue to serve as Open Lending's Interim Chief Financial Officer while the Company conducts a comprehensive search for Mr. Jehl's replacement in the CFO role. "Chuck's exceptional leadership was confirmed while he served as the Company's Interim CEO, just as the Board expec
Keith Jezek Resigns as CEO and Board Member; Chief Financial Officer Charles "Chuck" Jehl Appointed as Chief Operating Officer and Interim Chief Executive Officer Reiterates Q1 2024 Certified Loan Guidance AUSTIN, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) (the "Company" or "Open Lending"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced that Keith Jezek is stepping down as Open Lending's CEO and as a member of its Board of Directors (the "Board"). Effective immediately, the Board has appointed Chuck Jehl, Chief Financial Officer, as Chief Operating Officer and Interim Chief Execu
Experienced auto industry marketing leader bolsters the company's accomplished management team Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or "the Company"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced the appointment of Kevin Filan as Senior Vice President of Marketing. Kevin joins Open Lending after spending over 11 years at Cox Automotive where he led the company's marketing teams across many of their brands to include Autotrader, Kelley Blue Book, DealerTrack, vAuto, and Manheim Auctions, as well as the marketing integration of various acquisitions in the wholesale and retail software space. Prior to
AUSTIN, Texas, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO), an industry trailblazer in lending enablement and risk analysis solutions for financial institutions, announced today the appointments of Simona Fillarini as the Company's first Chief Human Resources Officer (CHRO), Thinh Nguyen as the Company's Chief Information Officer (CIO) and Jill Tyson as Senior Vice President of Operations. Open Lending's CEO, Keith Jezek said, "I am pleased to announce the appointments of Simona, Thinh and Jill to Open Lending's management team. These experienced leaders complement our senior and executive leadership teams with a wealth of expertise and skillsets that positio
AUSTIN, Texas, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO), an industry pioneer in lending enablement and risk analysis solutions for financial institutions, announced today that Keith A. Jezek has been appointed the Company's new Chief Executive Officer (CEO) and a member of its Board of Directors. After 21 years at Open Lending, and more than four decades within the industry, co-founder John Flynn will retire as CEO and continue his role as Chairman of the Board of Directors, with Jezek assuming the responsibilities of CEO immediately. President and COO Ross Jessup, with whom Flynn founded the Company in 2000, has also announced his retirement and transition