Open Lending Corp
LPRO

$5.42

1.28%

Market Cap: $646M

About: Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against losses from defaults.

Employees: 210

Financials Personal Credit Institutions

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,358% more call options, than puts

Call options by funds: $175K | Put options by funds: $12K

47% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 36

0.98% more ownership

Funds ownership: 72.96% [Q1] → 73.94% (+0.98%) [Q2]

4% less funds holding

Funds holding: 141 [Q1] → 135 (-6) [Q2]

9% less capital invested

Capital invested by funds: $543M [Q1] → $492M (-$51.4M) [Q2]

24% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 25

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$5

8%

downside

Avg. target

$6.67

23%

upside

High target

$8

48%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

DA Davidson Peter Heckmann 76% 1-year accuracy 31 / 41 met price target	48%upside $8	Buy Maintained	12 Aug 2024
JMP Securities David Scharf 69% 1-year accuracy 37 / 54 met price target	29%upside $7	Market Outperform Maintained	9 Aug 2024
Morgan Stanley James Faucette 62% 1-year accuracy 16 / 26 met price target	8%downside $5	Equal-Weight Maintained	9 Aug 2024

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Financial journalist opinion

Based on 3 articles about LPRO published over the past 30 days

Near- and Non-Prime Consumers Continue to Face Barriers in the New and Used Vehicle Markets, Open Lending Research Finds

AUSTIN, Texas--(BUSINESS WIRE)--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 quarte.

Near- and Non-Prime Consumers Continue to Face Barriers in the New and Used Vehicle Markets, Open Lending Research Finds

Open Lending to Attend the Canaccord Genuity 44th Annual Growth Conference

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.

Open Lending to Attend the Canaccord Genuity 44th Annual Growth Conference

Open Lending Corporation (LPRO) Q2 2024 Earnings Call Transcript

Open Lending Corporation (NASDAQ:LPRO ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Chuck Jehl - CFO and Interim CEO Cecilia Camarillo - Chief Accounting Officer Conference Call Participants Kyle Peterson - Needham & Company Michael Grae - Morgan Stanley Vincent Caintic - BTIG Taylor Reading - Raymond James Operator Good afternoon, and welcome to Open Lending's Second Quarter 2024 Earnings Conference Call. As a reminder, today's conference call is being recorded.

Open Lending Corporation (LPRO) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Open Lending (LPRO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Open Lending (LPRO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Open Lending (LPRO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Open Lending (LPRO) Misses Q2 Earnings and Revenue Estimates

Open Lending (LPRO) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago.

Open Lending (LPRO) Misses Q2 Earnings and Revenue Estimates

Open Lending Reports Second Quarter 2024 Financial Results

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.

Open Lending Reports Second Quarter 2024 Financial Results

Open Lending to Announce Second Quarter 2024 Results on August 8, 2024

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.

Open Lending to Announce Second Quarter 2024 Results on August 8, 2024

Open Lending Announces Dan Berger, Former President and CEO of NAFCU, as a Strategic Advisor

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, is pleased to announce Dan Berger, former President and CEO of the National Association of Federally-Insured Credit Unions (“NAFCU”) will be a strategic advisor to Open Lending's executive leadership team. As a trusted advisor, Berger will collaborate closely with Open Lending.

Open Lending Announces Dan Berger, Former President and CEO of NAFCU, as a Strategic Advisor

Automotive Lenders Are Overlooking the Value of Alternative Data and Instant Decisioning, Open Lending Research Finds

AUSTIN, Texas--(BUSINESS WIRE)--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 its second annual Lending Enablement Benchmark Report. Report findings reveal that traditional methods of assessing borrower creditworthiness are exposing automotive lenders to risk and volatility as delinquencies rise. Open Lending surveyed senior leaders across.

Automotive Lenders Are Overlooking the Value of Alternative Data and Instant Decisioning, Open Lending Research Finds

Open Lending Partners with Core Specialty Insurance Holdings

AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions recently partnered with Core Specialty Insurance Holdings, Inc. (“Core Specialty”), enabling Core Specialty to begin providing credit default insurance policies for Open Lending's Lenders Protection™ platform. “One of the central reasons why auto lenders have come to rely upon O.

Open Lending Partners with Core Specialty Insurance Holdings

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