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Open Lending Corp - LPRO STOCK NEWS

Welcome to our dedicated news page for Open Lending (Ticker: LPRO), a resource for investors and traders seeking the latest updates and insights on Open Lending.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Open Lending's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Open Lending's position in the market.

Rhea-AI Summary
Open Lending (NASDAQ: LPRO) partners with OneAZ Credit Union to expand access to auto loans for underserved populations in Arizona. The partnership aims to protect assets of members with deposits from the downside risk of defaults on auto loans. OneAZ will utilize Open Lending's Lenders Protection™ platform to evaluate and insure auto loans for near- and non-prime borrowers, enhancing loan approvals and efficiency in the loan origination process.
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Rhea-AI Summary
Open Lending (LPRO) will host a conference call to discuss first quarter 2024 financial results on May 7, 2024. The Company is a leader in automotive lending enablement and risk analytics solutions for financial institutions.
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Rhea-AI Summary
Open Lending (NASDAQ: LPRO) releases a quarterly report on near- and non-prime automotive lending trends, highlighting the challenges faced by underserved consumers and the potential for increased access to electric vehicles. Key findings include a decline in used near- and non-prime registrations, rising monthly payments despite lower vehicle prices, significant growth in EV registrations among near- and non-prime consumers, and a renewed interest in leasing. The report emphasizes the importance of leveraging data and AI-powered risk analysis to provide affordable loan opportunities to lower-credit consumers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
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Rhea-AI Summary
Open Lending announces CEO Keith Jezek's resignation and appointment of Chuck Jehl as Interim CEO. The company reiterates Q1 2024 Certified Loan Guidance. Chuck Jehl to lead the company through the interim period.
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Rhea-AI Sentiment
End-of-Day
-14.71%
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management
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Rhea-AI Summary
Open Lending (NASDAQ: LPRO) and TransUnion release a study on Millennials and Gen Zers' borrowing habits, highlighting their credit potential and loyalty in automotive loan payments.
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End-of-Day
-14.71%
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Rhea-AI Summary
Open Lending Corporation (NASDAQ: LPRO) recognizes 20 credit unions and banks for exceptional automotive lending practices in the near- and non-prime category. The winners of the Economic Vehicle Accessibility Awards ('EVAAs') are driving vehicle access for creditworthy borrowers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.44%
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Rhea-AI Summary
Open Lending Corporation (NASDAQ: LPRO) releases its 2024 Vehicle Accessibility Report, highlighting challenges faced by near- and non-prime consumers in accessing vehicle loans. The report aims to assist automotive lenders in providing fair loan opportunities to this underserved credit segment.
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Rhea-AI Sentiment
End-of-Day
-8.6%
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Rhea-AI Summary
Open Lending Corporation (LPRO) reported financial results for Q4 and full year 2023, exceeding certified loans and revenue guidance. Despite a negative change in profit share estimate, the company aims to optimize core business and expand into the bank segment in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.6%
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Rhea-AI Summary
Open Lending Corporation (NASDAQ: LPRO) releases data highlighting the creditworthiness of borrowers with Individual Taxpayer Identification Numbers (ITIN) compared to Social Security Number (SSN) holders, showcasing the opportunities for financial institutions in automotive lending.
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Rhea-AI Sentiment
End-of-Day
1.5%
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Rhea-AI Summary
Open Lending Corporation (NASDAQ: LPRO) partners with Akur8 to enhance automotive lending with accurate predictive insurance pricing models, empowering customers to expand portfolios and manage risk effectively.
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Rhea-AI Sentiment
End-of-Day
-1.49%
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partnership
Open Lending Corp

Nasdaq:LPRO

LPRO Rankings

LPRO Stock Data

606.48M
89.94M
5.73%
80.02%
2.36%
All Other Nondepository Credit Intermediation
Finance and Insurance
Link
United States
Austin

About LPRO

open lending provides automated lending services to financial institutions. the company specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the united states. the company was founded in austin, tx in 2000 and is privately owned. open lending had been recognised as one of austin's fast 50 growing companies for the past 4 years and has been voted to one of austin's best places to work for the last two years. its flagship product, the lenders protection program is a unique auto lending program for direct and/or indirect loans that provides a powerful and safe way for lenders to increase near and non-prime auto loan volumes and yields without adding risk to their loan portfolio. lenders protection combines sophisticated risk-based pricing models, configured to each lender’s individual cost factors and financial targets, with reliable loan default insurance provided by amtrust financial services, an “a” rated t