Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Open Lending Corp regarding potential securities fraud or unlawful business practices [1][3] Financial Performance - On March 17, 2025, Open Lending announced a delay in filing its annual report and postponed its Q4 and full-year 2024 earnings release, leading to a stock price drop of $0.82 per share, or 19.03%, closing at $3.49 per share on March 18, 2025 [3] - Following the filing of its annual report on March 31, 2025, Open Lending disclosed a larger-than-expected Q4 2024 net loss, attributed to a valuation allowance on deferred tax assets, resulting in a stock price decline of $1.59 per share, or 57.61%, closing at $1.17 per share on April 1, 2025 [4]

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Core Viewpoint - Open Lending Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following significant financial disclosures and a sharp decline in stock price [1][3][4]. Financial Performance - Open Lending announced it would delay its 2024 Annual Report due to the need for additional time to finalize accounting related to profit share revenue, leading to a share price drop from $4.31 to $3.91 [3]. - The company reported a negative quarterly revenue of $56.9 million, attributed to an $81.3 million reduction in estimated profit share revenues due to increased delinquencies and defaults on loans from 2021 to 2024 [4]. - Open Lending also disclosed a net loss of $144 million, which included an $86.1 million valuation allowance on deferred tax assets, increasing income tax expenses [4]. - Following the financial results announcement, the share price plummeted approximately 57%, from $2.76 to $1.17 [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses In Open Lending To Contact Him Directly To Discuss Their Options If you suffered significant losses in Open Lending stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, ...

For the quarter ended December 2024, Open Lending (LPRO) reported revenue of $24.4 million, up 63.3% over the same period last year. EPS came in at -$0.49, compared to -$0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $27.19 million, representing a surprise of -10.27%. The company delivered an EPS surprise of -2550.00%, with the consensus EPS estimate being $0.02.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

LOS ANGELES, April 2, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Open Lending Corporation ("Open Lending" or "the Company") (NASDAQ: LPRO) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Open Lending released its Q4 and full year 2024 financial results on ...

Anyone who purchased Open Lending Corp. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more. What is Block & Leviton doing? BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Open Lending Corp. (NASDAQ:LPRO) for potential securities law violations. Investors who have lost money in their Open Lending Corp. investment should contact the firm to learn more about how they migh ...

What should you do next? If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510. BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Open Lending Corp. (Nasdaq: LPRO) for potential securities law violations. Investors who have lost money in their Open Lending Corp. investment should contact the firm to learn more about how they might recover those losses. ...

BOSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ:LPRO). If you would like more information concerning our investigation, please click here: Shareholder Contact | Berman Tabacco or contact us at 800-516-9926 or law@bermantabacco.com. About the Investigation On March 17, 2025, Bloomberg reported, "Open Lending shares fall as much as 10% to a record low after the ...

SAN DIEGO, April 01, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether Open Lending Corporation (NASDAQ: LPRO) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class ...