Open Lending(LPRO)

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Open Lending(LPRO) - 2024 Q4 - Annual Results
2025-03-31 20:14
Exhibit 99.1 Open Lending Reports Fourth Quarter and Full Year 2024 Financial Results AUSTIN, Texas, March 31, 2025 – 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, 2024. In a separate press release today, the Company announced that its Board of Directors (the "Board") has appointed Jessica ...
Open Lending Reports Fourth Quarter and Full Year 2024 Financial Results
GlobeNewswire· 2025-03-31 20:05
AUSTIN, Texas, March 31, 2025 (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, 2024. Each quarter, the Company evaluates and updates its profit share revenue forecast and makes adjustments to its profit share revenue and related contract assets accordingly. Following this e ...
Open Lending Announces Leadership Changes
GlobeNewswire· 2025-03-31 20:04
AUSTIN, Texas, March 31, 2025 (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 its Board of Directors (the "Board") has appointed Jessica Buss as Chief Executive Officer, effective immediately. Chuck Jehl will continue to serve as Interim Chief Financial Officer and as a member of the Board. The Board also has appointed Michelle Glasl as Ch ...
Open Lending to Announce Fourth Quarter and Full Year 2024 Results on March 31, 2025
GlobeNewswire· 2025-03-27 20:16
AUSTIN, Texas, March 27, 2025 (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 plans to issue a press release containing results for the fourth quarter and full year 2024 after the market closes on Monday, March 31, 2025. The Company plans to host a conference call to discuss these results on Tuesday, April 1, 2025 at ...
BREAKING: Open Lending Corp. (LPRO) Investigated For Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
Newsfilter· 2025-03-18 19:03
BOSTON, March 18, 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. For more details, visit https://blockleviton.com/cases/lpro. What is this all about? Shares of Open Lending Corp. are down 11% in intraday trading, following a 9.28% decline on March 17, 2025, after the company ...
Open Lending Postpones its Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Newsfilter· 2025-03-17 11:30
AUSTIN, Texas, March 17, 2025 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ:LPRO) ("Open Lending" or the "Company") today announced that it is postponing its earnings release and conference call, previously scheduled for March 17, 2025. The Company also announced that it filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission ("SEC") related to the Company's Annual Report on Form 10-K for the year ended December 31, 2024 (the "2024 Form 10-K") in order to al ...
Open Lending to Announce Fourth Quarter and Full Year 2024 Results on March 17, 2025
GlobeNewswire· 2025-03-05 13:30
Core Viewpoint - Open Lending Corporation is set to announce its fourth quarter and full year 2024 financial results on March 17, 2025, with a conference call scheduled for the same day at 5:00 PM ET [1]. Group 1: Financial Results Announcement - The company will issue a press release detailing the financial results after market close on March 17, 2025 [1]. - A live webcast of the conference call will be available on the company's investor relations website [2]. - The conference call can be accessed via phone for both domestic and international callers [2]. Group 2: Company Overview - Open Lending specializes in loan analytics, risk-based pricing, risk modeling, and default insurance for auto lenders in the United States [3]. - The company has over 20 years of experience in empowering financial institutions to develop profitable auto loan portfolios with reduced risk [3].
Open Lending (LPRO) Soars 11.7%: Is Further Upside Left in the Stock?
ZACKS· 2025-01-30 09:25
Company Overview - Open Lending (LPRO) shares increased by 11.7% to $6.30 in the last trading session, following a higher-than-average trading volume, contrasting with a 5.5% loss over the previous four weeks [1] - The stock has rallied for four consecutive trading sessions, driven by an upgrade from Needham analyst Kyle Peterson, who raised the rating from Hold to Buy due to stabilization in the auto lending market [2] Earnings Expectations - Open Lending is projected to report quarterly earnings of $0.02 per share, reflecting a year-over-year increase of 150%, with revenues expected to reach $23.97 million, a 60.4% increase from the same quarter last year [3] - The consensus EPS estimate for Open Lending has remained unchanged over the past 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Open Lending operates within the Zacks Financial - Consumer Loans industry, where Mr Cooper (COOP) has seen a 0.5% decline in its stock price, closing at $105.36, but has returned 10.3% over the past month [4] - Mr Cooper's consensus EPS estimate has decreased by 0.5% to $2.58, representing a year-over-year change of 50.9%, and currently holds a Zacks Rank of 4 (Sell) [5]
Open Lending Co-Founder, John Flynn, Retires from the Company's Board of Directors
GlobeNewswire News Room· 2025-01-21 21:05
Core Viewpoint - Open Lending Corporation announced the retirement of co-founder John J. Flynn from the Board of Directors, effective January 16, 2025, while he will continue to serve as a consultant until the end of 2025 [1][2]. Group 1: Leadership Transition - John J. Flynn has decided to step down from the Board, expressing confidence in the leadership of CEO Chuck Jehl [2]. - Flynn has been a member of the Board since 2000 and served as CEO from April 2000 until October 2022, contributing significantly to the company's mission and growth [2][3]. Group 2: Company Mission and Impact - Open Lending was founded over 20 years ago with the mission to make vehicle ownership more accessible to applicants in the near- and non-prime credit spectrum [2]. - The company provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States, empowering financial institutions to create profitable auto loan portfolios [4]. Group 3: Acknowledgment of Contributions - The Board Chairman, Jessica Buss, and CEO Chuck Jehl acknowledged Flynn's invaluable contributions and leadership, emphasizing his role in establishing a strong foundation for growth and innovation in the automotive lending industry [3].
Open Lending Secures Third OEM Captive Finance Company Partnership
Newsfilter· 2024-12-17 14:00
Core Insights - Open Lending Corporation has entered into a partnership with a captive finance company of a major automaker to utilize its Lenders Protection™ program, marking the third such partnership with an automotive captive finance company [1][2] - The partnership aims to expand lending to near- and non-prime consumers, leveraging Open Lending's automated decisioning and default insurance coverage [1][2] - The implementation of this partnership is nearing completion, with a targeted rollout scheduled for early 2025 [2] Company Overview - Open Lending specializes in lending enablement and risk analytics solutions for financial institutions, providing loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders across the United States [3] - The company has over 20 years of experience in empowering financial institutions to create profitable auto loan portfolios with reduced risk and increased rewards [3]