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Stock impact report

Open Lending Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Open Lending Corporation - Class A (LPRO) 
Company Research Source: Yahoo! Finance
in lending enablement and risk analytics solutions for financial institutions, today reported financial results for its third quarter of 2024. “I am pleased to report that in the third quarter of 2024, we were near or above the high end of our guidance for certified loans, revenue, and adjusted EBITDA, excluding the negative change in estimate associated with our profit share,” said Chuck Jehl, Chief Executive Officer and interim Chief Financial Officer of Open Lending. "We continue to be encouraged that market conditions are trending positive in the automotive industry, specifically improvement in inventory levels, retail sales volumes and ultimately affordability. Our team remains focused on taking prudent steps to maximize the opportunity ahead to ensure we are well positioned for when the market inevitably recovers." Three Months Ended September 30, 2024 Highlights The Company facilitated 27,435 certified loans during the third quarter of 2024, compared to 29,959 certified l Show less Read more
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