Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers lenders protection platform (LPP), which is a cloud-based automotive lending enablement platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers. Its LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. The company was founded in 2000 and is headquartered in Austin, Texas.
Underwriting Overhaul | Delve into Open Lending's comprehensive restructuring of its underwriting models, aimed at regaining partner confidence and improving risk assessment accuracy |
Financial Headwinds | Explore the company's financial challenges, including profit share revenue underperformance and downward revisions of adjusted EBITDA estimates for 2025 and 2026 |
Market Positioning | Uncover Open Lending's struggle with partner retention and its impact on market share, as certified loans from current customers drop from 95% to 85% |
Future Prospects | Analyst price targets range from $1.60 to $7.00 per share, reflecting mixed views on Open Lending's recovery potential amid ongoing market challenges |
Metrics to compare | LPRO | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipLPROPeersSector | |
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P/E Ratio | −1.7x | −4.1x | 9.8x | |
PEG Ratio | 0.00 | −0.03 | 0.03 | |
Price/Book | 3.1x | 1.6x | 1.0x | |
Price / LTM Sales | 14.8x | 3.2x | 2.9x | |
Upside (Analyst Target) | 26.8% | 28.3% | 10.1% | |
Fair Value Upside | Unlock | 6.1% | 0.9% | Unlock |