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LPRO News Highlights
- LPRO's 30 day story count now stands at 2.
- Over the past 12 days, the trend for LPRO's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest LPRO News From Around the Web
Below are the latest news stories about Open Lending Corp that investors may wish to consider to help them evaluate LPRO as an investment opportunity.
The top five financial gainers for the week are topped by two Argentinean banks, and include a Chinese fintech and two companies that provide products to banks to improve their lending processes. The advance of the two Argentina-based banks came a week after economic data that showed the country's economy...
Open Lending Corporation ( NASDAQ:LPRO ) just released its latest second-quarter results and things are looking...
Shares of Texas-based Open Lending Corp. (LPRO) gained 17.6% in Tuesday's extended trade after the company posted strong financial results for the second quarter of 2021. Open Lending offers default insurance, risk modeling, risk-based pricing and loan analytics to auto lenders. Earnings per share (EPS) came in at $0.60, compared to a loss of $1.01 in the second quarter of 2020. Further, it beat the Street’s estimate of $0.17. Total revenue increased 177% year-over-year to $61.1 million, exceeding analysts’ expectations of $48.98 million. Program fees rose to $20.6 million from $8.8 million in the previous year. Claims administration service fees amounted to $1.7 million, up from $1.1 million.
Shares of the auto lending platform Open Lending (NASDAQ: LPRO) traded nearly 10% higher as of 10:55 a.m. EDT after the company reported its earnings results for the second quarter of 2021. Open Lending reported diluted earnings per share of $0.60 on total revenue of more than $61 million in the second quarter, both numbers that are up significantly from the second quarter of 2020. Open Lending grew certified loans for its partners by 148% from the second quarter of 2020, which translated into significant growth in program and profit sharing fees.
Open Lending disclaims any obligation to update these statements to reflect future events or circumstances. Then I'm going to turn it over to Ross, and he is going to provide an update on our OEM opportunity.
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?
AUSTIN, Texas, Aug. 10, 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 second quarter of 2021. “We are pleased to report another record quarter, which included a 148% increase in certified loans, a 177% increase in revenue and a 199% increase in Adjusted EBITDA compared to the second quarter of 2020. June wa
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company...
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 h
Open Lending (LPRO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.