Open Lending Corp

Open Lending Corp. provides lending enablement and risk analytics to credit unions, regional banks and the captive finance companies of original equipment manufacturers (OEM Captives). It specializes in risk-based pricing and modeling and provides automated decision-technology for automotive lenders throughout the United States. The firm addresses the financing needs of near-prime and non-prime borrowers, or borrowers with a credit score who are underserved in the automotive finance industry. The company was founded by John J. Flynn, Sandy Watkins and Ross M. Jessup in 2000 and is headquartered in Austin, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Open Lending Corp reports revenue decline in 2022, eyes growth

Open Lending Corp faced revenue decline in 2022 but anticipates growth with a focus on refining sales channels and enhancing technology offerings in 2023.
Strong partnerships with insurance companies and quick underwriting decisions provide competitive advantages for the company.
Challenges in the automotive industry and margin pressures persist, but opportunities lie in market penetration, application volumes, and revenue growth strategies.
With a solid financial foundation, Open Lending Corp is poised for growth and remains optimistic about its position in the automotive retail industry.

Open Lending Corp surpasses Q1 expectations amidst industry challenges

Open Lending Corp's Q1 performance exceeded expectations despite challenges, with a focus on resilience and strategic investments. The company faces challenges from increased auto loan delinquencies and concentration risk from credit unions. Opportunities lie in market recovery, new auto market growth, and talent acquisition.

Open Lending Corp surpasses Q2 expectations amidst industry challenges

Open Lending Corp navigated challenges in the auto industry and credit union space by exceeding Q2 guidance and making strategic investments. The company's focus on pricing risk appropriately and preserving profit share unit economics positions it well for future growth.

Open Lending Corp (LPRO) exceeds Q3 guidance amidst market challenges

Open Lending Corp (LPRO) demonstrated resilience and strong financial performance in Q3 2023, exceeding guidance despite market challenges.
Strategic investments in product enhancements and technology have bolstered the company's ability to attract new customers and drive growth.
Analysts raised questions about the profit share change in estimate, underwriting impact, sales productivity, OEM demand, and share repurchases.

Open Lending Corp surpasses Q4 expectations, eyes growth in 2024

Open Lending Corp's Q4 performance exceeded expectations, with a focus on larger accounts and innovation in lenders protection.
While facing market challenges, the company remains optimistic about 2024, anticipating stabilization and growth opportunities.
With a strong position in the auto loan market and a unique solution for thin file borrowers, Open Lending is poised for continued success and expansion.

Open Lending Corp (LPRO) surpasses Q1 expectations, eyes new markets

Open Lending Corp (LPRO) delivered strong Q1 2024 results, focusing on growth strategies and risk management. Challenges in lending capacity for credit union customers highlighted.

Open Lending Corp reports strong Q3 performance amidst profit challenges

Open Lending Corp's Q3 2024 performance showcased growth in certified loans and revenue despite profit share challenges.
The company's focus on new customer acquisitions, credit tightening, and strategic changes position it for future success.
Addressing market challenges, stabilizing profit share, and leveraging growth opportunities are key priorities for Open Lending.

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Agreement Extended Through 2028 Agreement Extended Through 2028

Open Lending Announces Extension of Agreement with AmTrust

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 institutions, today announced that the Company will host a conference call to discuss fourth quarter and full year 2021 financial results on Thursday, February 24, 2022 at 5:00pm ET. Hosting the call will be John Flynn, Chairman and CEO, Ross Jessup, President and COO, and Chuck Jehl, CFO. A press release with fourth quarter and full year 2021 financial results will be issued after the market closes that same day.

Open Lending to Announce Fourth Quarter and Full Year 2021 Results on February 24, 2022

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 volumes

Open Lending signs 71 Financial Institutions to the Lenders Protection Program in 2021

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AUSTIN, Texas, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will be participating at the following virtual investor conferences in December:

Open Lending to Present at Upcoming Conferences

Open Lending (LPRO) delivered earnings and revenue surprises of -215.00% and 7.31%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Open Lending (LPRO) Reports Q3 Loss, Tops Revenue Estimates

Open Lending Corporation (LPRO) CEO John Flynn on Q3 2021 Results - Earnings Call Transcript

Open Lending (LPRO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Open Lending (LPRO) Beat Estimates Again in Its Next Earnings Report?

Open Lending (LPRO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Open Lending (LPRO) Might Surprise This Earnings Season

AUSTIN, Texas, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will host a conference call to discuss third quarter 2021 financial results on Tuesday, November 9, 2021 at 5:00pm ET. Hosting the call will be John Flynn, Chairman and CEO, Ross Jessup, President and COO, and Chuck Jehl, CFO. A press release with third quarter 2021 financial results will be issued after the market closes that same day.

Open Lending to Announce Third Quarter 2021 Results on November 9, 2021

While recent results have been impressive, they come with an important caveat.

Can Open Lending Capitalize on AI the Same Way Upstart Did?

The stock price of Open Lending Corporation (NASDAQ: LPRO) increased by over 18% during intraday trading. This is why it happened.

LPRO Stock Price Increases Over 18% Intraday: Why It Happened

The company recently reported its earnings results from the second quarter of the year.

Why Shares of Open Lending Are Up Today

Open Lending Corporation (LPRO) CEO John Flynn on Q2 2021 Results - Earnings Call Transcript

Open Lending (LPRO) delivered earnings and revenue surprises of 47.06% and 23.57%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Open Lending (LPRO) Surpasses Q2 Earnings and Revenue Estimates

AUSTIN, Texas, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will be participating in a fireside chat at Canaccord Genuity's 41st Annual Growth Stock Conference on Thursday, August 12, 2021. The discussion will begin at 4:00pm ET and can be accessed by visiting the Company's investor relations website at https://investors.openlending.com/ under the “Events” section.

Open Lending to Present at Canaccord Genuity's 41st Annual Growth Stock Conference

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SAN FRANCISCO, July 30, 2021 /PRNewswire/ -- A Place for Rover, Inc. ("Rover"), the world's largest network of five-star pet sitters and dog walkers, and Nebula Caravel Acquisition Corp. (NASDAQ: NEBC) ("Caravel"), a special purpose acquisition company sponsored by True Wind Capital Management, L.P. ("True Wind Capital"), announced today that they have closed their previously announced business combination agreement.

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AUSTIN, Texas, July 20, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will host a conference call to discuss second quarter 2021 financial results on Tuesday, August 10, 2021 at 5:00pm ET. Hosting the call will be John Flynn, Chairman and CEO, Ross Jessup, President and COO, and Chuck Jehl, CFO. A press release with second quarter 2021 financial results will be issued after the market closes that same day.

Open Lending to Announce Second Quarter 2021 Results on August 10, 2021

SAN FRANCISCO, July 12, 2021 /PRNewswire/ -- Nebula Caravel Acquisition Corp (Nasdaq: NEBC) ("Caravel"), a special purpose acquisition company sponsored by True Wind Capital, L.P. ("True Wind Capital"), announced today its registration statement on Form S-4 (File No.

Nebula Caravel Acquisition Corp. Announces Effectiveness of Registration Statement and Special Meeting Date of July 28, 2021 to Approve the Proposed Business Combination with A Place for Rover, Inc.

American National will be the Company's Third Insurance Carrier Partner American National will be the Company's Third Insurance Carrier Partner

Open Lending Signs Agreement with American National Affiliates

AUSTIN, Texas, May 21, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will be participating in a fireside chat at William Blair's 41st Annual Growth Stock Conference on Wednesday, June 2, 2021. The discussion will begin at 1:00pm ET and can be accessed by visiting the Company's investor relations website at https://investors.openlending.com/ under the “Events” section.

Open Lending to Present at William Blair's 41st Annual Growth Stock Conference

Westerra CU partners with Open Lending to help serve the underserved Westerra CU partners with Open Lending to help serve the underserved

Open Lending Signs Westerra Credit Union to the Lenders Protection™ Program

Open Lending Corporation (LPRO) CEO John Flynn on Q1 2021 Results - Earnings Call Transcript

AUSTIN, Texas, May 11, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (the “Company” or “Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today reported financial results for its first quarter of 2021.

News for Open Lending Corp Stock (LPRO)