Open Lending Reports First Quarter 2024 Financial Results
Open Lending Corporation - Class A (LPRO)
Company Research
Source: GlobeNewswire
AUSTIN, Texas, May 07, 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 first quarter of 2024. “I am pleased to report that in the first quarter of 2024, we exceeded the high end of our guidance for both certified loans and revenue and exceeded the mid-point for Adjusted EBITDA,” said Chuck Jehl, Chief Financial Officer and Interim Chief Executive Officer. “We are encouraged that market conditions appear to be improving. We remain focused on optimizing our core credit union and captive finance company businesses, while expanding our penetration into bank and finance companies.” Three Months Ended March 31, 2024 Highlights The Company facilitated 28,189 certified loans during the first quarter of 2024, compared to 32,408 certified loans in the first quarter of 2023.Total revenue was $30.7
Show less
Read more
Impact Snapshot
Event Time:
LPRO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LPRO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LPRO alerts
High impacting Open Lending Corporation - Class A news events
Weekly update
A roundup of the hottest topics
LPRO
News
- Strong week for Open Lending (NASDAQ:LPRO) shareholders doesn't alleviate pain of three-year loss [Yahoo! Finance]Yahoo! Finance
- Open Lending Partners with Core Specialty Insurance Holdings [Yahoo! Finance]Yahoo! Finance
- Open Lending Partners with Core Specialty Insurance HoldingsBusiness Wire
- Open Lending Corporation (NASDAQ:LPRO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Open Lending Co. (NASDAQ: LPRO) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $7.00 to $6.00. They now have a "hold" rating on the stock.MarketBeat
LPRO
Earnings
- 5/7/24 - Miss
LPRO
Sec Filings
- 5/8/24 - Form 8-K
- 5/8/24 - Form 10-Q/A
- 5/8/24 - Form 10-Q
- LPRO's page on the SEC website