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LPRO

7.16USD+0.01(+0.14%)Market Closed

Open Lending Corp

Market Summary

USD7.16+0.01Market Closed
0.14%

LPRO Alerts

LPRO Stock Price

RSI Chart

Valuation

Market Cap

916.4M

Price/Earnings

8.85

Price/Sales

4.31

Price/Cashflow

7.92

MarketCap/EBT

6.65

Price/Sales

Profitability

Operating Margin

91.24%

EBT Margin

64.79%

Return on Equity

49.9%

Return on Assets

28.23%

Fundamentals

Revenue

Revenue (TTM)

204.4M

Revenue Y/Y

-13.98%

Revenue Q/Q

-2.66%

Earnings

Earnings (TTM)

98.6M

Earnings Y/Y

-16.61%

Earnings Q/Q

6.07%

Price Action

52 Week Range

6.1124.99
(Low)(High)

Last 7 days

6.1%

Last 30 days

3.8%

Last 90 days

-23.4%

Trailing 12 Months

-66.9%

Financial Health

Current Ratio

18.48

Debt/Equity

0.7

Debt/Cashflow

0.8

Investor Care

Shares Dilution (1Y)

0.09%

Diluted EPS (TTM)

0.77

Peers (Alternatives to Open Lending)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
394.3B
5.96% -8.87%
23.61
5.98
7.79% 5.41%
1.8T
203.1B
13.33% -21.82%
25.2
8.66
15.22% 2.81%
1.3T
282.1B
15.19% -29.93%
18.7
4.44
17.94% -5.14%
960.3B
502.2B
0.03% -46.30%
84.81
1.91
9.66% -56.89%
MID-CAP
2.5B
8.6B
5.53% -41.10%
-5.69
0.31
76.30% -20.89%
SMALL-CAP
1.9B
628.4M
22.83% -47.71%
-4.08
3.1
64.35% -18.14%
1.9B
1.6B
-1.30% 23.47%
12.45
1.23
81.91% 208.48%
1.5B
-
31.31% -56.76%
-0.54
1.95
-4.11% -144.36%
1.4B
40.0M
-9.80% -71.75%
-1.84
34.64
34.91% -55.12%
1.0B
247.8M
7.17% -13.23%
-17.78
4.46
23.41% -194.70%
1.0B
412.4M
6.58% -29.93%
-153.63
2.47
51.09% -102.33%
988.1M
439.7M
-1.58% -78.81%
-2.97
2.13
-5.64% -199.38%
861.5M
1.2B
10.79% -44.94%
2.31
0.73
7.66% 583.60%
551.2M
2.2M
-12.32% -70.02%
-1.55
343.43
-72.60% -50.32%

Financials for Open Lending

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-3.9%204213222216204
Gross Profit-3.7%185192202197187
Operating Expenses15.1%60524947
  S&GA Expenses18.6%1714131211
  R&D Expenses15.5%87643
Earnings Before Taxes-9.8%124138205191173
Net Income-4.7%99104156146133
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets8.8%399367343319293
  Current Assets9.3%283259221203166
    Cash Equivalents20.3%20216814711691
  Net PPE-0.1%33333
Liabilities4.0%166159159160166
  Current Liabilities21.2%1714121217
  Long Term Debt2.3%148145146146147
    LT Debt, Current-4.0%44333
    LT Debt, Non Current2.5%144141142143144
Shareholder's Equity12.4%233207183159128
  Retained Earnings10.4%-211.63-236.16-259.29-282.44-310.16
  Additional Paid-In Capital0.2%500499498497494
Shares Outstanding0.0%126126126126126
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-3.5%1121161089577
  Share Based Compensation4.4%54443
Cashflow From Investing44.4%-0.84-1.51-2.17-1.99-1.88
Cashflow From Financing115.8%1-3.19-85.29-77.81-98.81
  Dividend Payments-100.0%00
  Buy BacksNaN%002077
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on LPRO?

27.2%


Probability that Open Lending stock will be more than 20% underwater in next one year

22.4%


Probability that Open Lending stock will be more than 30% underwater in next one year.

21.6%


Probability that Open Lending stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LPRO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Open Lending was unfortunately bought at previous high price.

Returns

Cumulative Returns on LPRO

-11.3%


3-Year Cumulative Returns

Which funds bought or sold LPRO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
105,000
105,000
0.11%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-319,000
1,077,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-45,000
-
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-100
-8,000
-
-%
2022-11-15
STATE STREET CORP
ADDED
2.92
-4,606,000
19,496,000
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
UNCHANGED
-
-29,000
107,000
-%
2022-11-15
Balyasny Asset Management LLC
SOLD OFF
-100
-528,000
-
-%
2022-11-15
KB FINANCIAL PARTNERS, LLC
ADDED
21.95
-8,000
183,000
0.06%
2022-11-15
Almanack Investment Partners, LLC.
NEW
-
1,000
1,000
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
UNCHANGED
-
-410,000
1,505,000
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying LPRO calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own LPRO

Open Lending News

MarketBeat

Open Lending Co. (NASDAQ:LPRO) Sees Large Growth in Short Interest.3 days ago

San Francisco Chronicle

LPRO Fair Value

Recent SEC filings of Open Lending

View All Filings
Date Filed Form Type Document
Nov 17, 2022
8-K
Current Report
Nov 15, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 04, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Oct 21, 2022
4
Insider Trading
Oct 18, 2022
8-K
Current Report
Oct 12, 2022
4
Insider Trading
Oct 12, 2022
3
Insider Trading

Latest Insider Trading transactions for LPRO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-05
Jehl Charles D
ACQUIRED
-
-
1,572
Chief Financial Officer
2022-11-05
Jehl Charles D
SOLD FOR TAXES
-2,635.8
6.9
-382
Chief Financial Officer
2022-10-27
Flynn John Joseph
SOLD FOR TAXES
-112,441
7.16
-15,704
-
2022-10-27
Flynn John Joseph
ACQUIRED
-
-
64,495
-
2022-08-05
Flynn John Joseph
SOLD (Taxes)
-6,982.4
10.91
-640
See Remarks
2022-08-05
Jessup Ross M.
SOLD (Taxes)
-4,985.87
10.91
-457
See Remarks
2022-08-05
Jehl Charles D
SOLD (Taxes)
-4,167.62
10.91
-382
See Remarks
2022-08-05
Jehl Charles D
ACQUIRED
-
-
1,572
See Remarks
2022-08-05
Jessup Ross M.
ACQUIRED
-
-
1,878
See Remarks
2022-08-05
Flynn John Joseph
ACQUIRED
-
-
2,631
See Remarks

1–10 of 50

John J. Flynn
130
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company's LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.

LPRO Income Statement

2022-09-30
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue    
Total revenue$ 50,661$ 58,892$ 152,773$ 164,025
Cost of services5,1996,38015,07213,882
Gross profit45,46252,512137,701150,143
Operating expenses    
General and administrative9,3357,19724,78523,790
Selling and marketing5,9813,30813,7088,659
Research and development2,3551,2686,3662,632
Total operating expenses17,67111,77344,85935,081
Operating income27,79140,73992,842115,062
Interest expense(1,608)(959)(3,535)(5,370)
Interest income32135368177
Gain on extinguishment of tax receivable agreement00055,422
Loss on extinguishment of debt000(8,778)
Other income (expense)(239)3(239)(130)
Income before income taxes26,26539,81889,436156,383
Income tax expense1,73610,40418,62738,141
Net income$ 24,529$ 29,414$ 70,809$ 118,242
Net income per common share    
Basic (in dollars per share)$ 0.19$ 0.23$ 0.56$ 0.94
Diluted (in dollars per share)$ 0.19$ 0.23$ 0.56$ 0.94
Weighted average common shares outstanding    
Basic (in shares)126,228,723126,190,351126,222,084126,405,822
Diluted (in shares)126,228,723126,247,499126,222,415126,451,119
Profit share    
Revenue    
Total revenue$ 26,523$ 35,447$ 83,990$ 102,019
Program fees    
Revenue    
Total revenue21,84521,63862,30257,146
Claims administration and other service fees    
Revenue    
Total revenue$ 2,293$ 1,807$ 6,481$ 4,860

LPRO Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 201,807$ 116,454
Restricted cash3,3493,055
Accounts receivable, net6,6546,525
Current contract assets, net65,55570,542
Income tax receivable2,3291,345
Other current assets3,5154,873
Total current assets283,209202,794
Property and equipment, net2,7892,663
Operating lease right-of-use assets, net4,7585,189
Non-current contract assets, net34,38542,414
Deferred tax asset, net73,36365,503
Other non-current assets459262
Total assets398,963318,825
Current liabilities  
Accounts payable1831,285
Accrued expenses8,8383,984
Current portion of debt3,7503,125
Third-party claims administration liability3,3583,050
Other current liabilities851621
Total current liabilities16,98012,065
Long-term debt, net of deferred financing costs144,478143,135
Non-current operating lease liabilities4,2314,643
Total liabilities165,689159,843
Commitments and contingencies
Stockholders’ equity  
Preferred stock, $0.01 par value; 10,000,000 shares authorized, none issued and outstanding00
Common stock, $0.01 par value; 550,000,000 shares authorized, 128,198,185 shares issued and 126,230,762 shares outstanding as of September 30, 2022 and 128,198,185 shares issued and 126,212,876 shares outstanding as of December 31, 20211,2821,282
Additional paid-in capital499,843496,983
Accumulated deficit(211,630)(282,439)
Treasury stock at cost, 1,967,423 shares as of September 30, 2022 and 1,985,309 shares as of December 31, 2021(56,221)(56,844)
Total stockholders’ equity233,274158,982
Total liabilities and stockholders’ equity$ 398,963$ 318,825