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 Q4 2020

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

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AUSTIN, Texas, Sept.  03, 2020  (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced the appointment of Eric A. Feldstein to its Board of Directors, effective August 28, 2020. Mr. Feldstein was appointed to serve on the Audit Committee and the Risk Committee. 

Open Lending Appoints Eric A. Feldstein to Board of Directors

AUSTIN, Texas, Sept.  01, 2020  (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 presenting at the Deutsche Bank Technology Conference on Tuesday, September 15, 2020. The presentation will begin at 9:00am ET. The presentation 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 the Deutsche Bank Virtual Technology Conference

Open Lending Strengthens Executive Team

A+ Federal Credit Union of Texas signs with Open Lending. A+ Federal Credit Union of Texas signs with Open Lending.

Open Lending Signs A+ Federal Credit Union to Lenders Protection™ Program

AUSTIN, Texas, Aug.  12, 2020  (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced the appointments of Jessica Snyder and Shubhi Rao to its Board of Directors, effective August 5, 2020. Ms. Snyder was appointed to serve on the Nominating and Corporate Governance Committee and as the Chair of the Audit Committee.  Ms. Rao was appointed to serve on the Audit Committee.

Open Lending Announces New Board Appointments

Open Lending Corporation (LPRO) CEO John Flynn on Q2 2020 Results - Earnings Call Transcript

AUSTIN, Texas, Aug.  11, 2020  (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 second quarter of 2020.

Open Lending Reports Second Quarter 2020 Financial Results

AUSTIN, Texas, July  30, 2020  (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LRPO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will be presenting at the 40th Annual Canaccord Genuity Virtual Growth Conference on Thursday, August 13, 2020. The presentation will begin at 2:30pm ET. The presentation 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 the Canaccord Genuity Virtual Growth Conference

Clark County Credit Union of Nevada signs with Open Lending Clark County Credit Union of Nevada signs with Open Lending

Open Lending Signs Clark County Credit Union to Lenders Protection™ Program

AUSTIN, Texas--(BUSINESS WIRE)-- #autoloan--Kasasa®, an award-winning financial technology and marketing provider, has partnered with Open Lending (NASDAQ: LPRO), a leading provider of lending enablement and risk analytics solutions to financial institutions, to bring a higher level of assurance and reduced risk to the lending process. Together, Kasasa and Open Lending will provide community financial institutions the ability to automatically approve a greater volume of auto loans.

Open Lending Partners with Kasasa to Launch Take-Back™ Feature for Auto Loans

The Company will Host its Second Quarter 2020 Earnings Call on August 11, 2020 The Company will Host its Second Quarter 2020 Earnings Call on August 11, 2020

Open Lending Announces Second Quarter 2020 Certified Loans

Open Lending stock could provide investors with a fresh opportunity in the loan-analytics space

Why It May Be a Good Time to Invest in Open Lending Stock

News for Open Lending Corp Stock (LPRO)