LPRO Stock Analysis: Open Lending | NASDAQ
Credit Services | NASDAQ, USA | Market Cap: 370m USD | 12M Return: 24.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.37M
Qual. Beats: 0
Rev. Trend: -54.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 8.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Open Lending Corporation (NASDAQ: LPRO) provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance arms of automakers across the United States. Its core offering, the Lenders Protection Platform (LPP), is a cloud-based automotive lending platform that delivers loan analytics, risk-based loan pricing, risk modeling, and automated decision technology.
A central feature of the LPP is the automated issuance of credit default insurance through third-party insurance carriers, which protects originating lenders against borrower defaults on the loans booked through the platform. Founded in 2000 and headquartered in Austin, Texas, Open Lending operates within the Diversified Capital Markets sub-industry and focuses exclusively on the automotive lending vertical.
- Certified loan volume growth on LPP platform
- Subprime auto credit performance impacts insurance claim economics
- Share repurchase program reduces share count and supports EPS
| Net Income: -5.31m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 44.46 > 1.0 |
| NWC/Revenue: 189.2% < 20% (prev 1.32k%; Δ -1.13k% < -1%) |
| CFO/TA -0.00 > 3% & CFO -120k > Net Income -5.31m |
| Net Debt (-50.5m) to EBITDA (4.41m): -11.46 < 3 |
| Current Ratio: 4.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (117.8m) vs 12m ago -1.55% < -2% |
| Gross Margin: 77.24% > 18% (prev -36.88%; Δ 114.1% > 0.5%) |
| Asset Turnover: 33.37% > 50% (prev 5.81%; Δ 27.56% > 0%) |
| Interest Coverage Ratio: 0.22 > 6 (EBIT TTM 1.89m / Interest Expense TTM 8.40m) |
| A: 0.73 (Total Current Assets 218.1m - Total Current Liabilities 49.1m) / Total Assets 231.1m |
| B: -1.44 (Retained Earnings -333.5m / Total Assets 231.1m) |
| C: 0.01 (EBIT TTM 1.89m / Avg Total Assets 267.7m) |
| D: 0.48 (Book Value of Equity 75.3m / Total Liabilities 155.8m) |
| Altman-Z'' = 0.65 = B |
| DSRI: 0.19 (Receivables 27.3m/27.8m, Revenue 89.3m/17.7m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.58 (AQ_t 0.04 / AQ_t-1 0.07) |
| SGI: 5.05 (Revenue 89.3m / 17.7m) |
| TATA: -0.02 (NI -5.31m - CFO -120k) / TA 231.1m) |
| Beneish M = -1.03 (Cap -4..+1) = D |
As of July 10, 2026, the stock is trading at USD 3.13 with a total of 1,396,906 shares traded. Over the past week, the price has changed by +0.64%, over one month by +49.05%, over three months by +114.38% and over the past year by +24.21%.
Current recommended Stop Loss: 3.00 (which is 4.2% or 1.4 ATR below the current price).
Open Lending has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold LPRO.
- StrongBuy: 2
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 2.5 | -20.1% |
P/E Forward = 38.9105
P/S = 4.1466
P/B = 4.8938
Revenue TTM = 89.3m USD
EBIT TTM = 1.89m USD
EBITDA TTM = 4.41m USD
Long Term Debt = 100.2m USD (from longTermDebt, last quarter)
Short Term Debt = 7.50m USD (from shortTermDebt, last quarter)
Debt = 109.8m USD (corrected: LT Debt 100.2m + ST Debt 7.50m) + Leases 2.13m
Net Debt = -50.5m USD (calculated: Debt 109.8m - CCE 160.4m)
Enterprise Value = 319.8m USD (370.3m + Debt 109.8m - CCE 160.4m)
Interest Coverage Ratio = 0.22 (Ebit TTM 1.89m / Interest Expense TTM 8.40m)
EV/FCF = 173.5x (Enterprise Value 319.8m / FCF TTM 1.84m)
FCF Yield = 0.58% (FCF TTM 1.84m / Enterprise Value 319.8m)
FCF Margin = 2.06% (FCF TTM 1.84m / Revenue TTM 89.3m)
Net Margin = -5.95% (Net Income TTM -5.31m / Revenue TTM 89.3m)
Gross Margin = 77.24% ((Revenue TTM 89.3m - Cost of Revenue TTM 20.3m) / Revenue TTM)
Gross Margin QoQ = 76.31% (prev 75.99%)
Tobins Q-Ratio = 1.38 (Enterprise Value 319.8m / Total Assets 231.1m)
Interest Expense / Debt = 7.65% (Interest Expense 8.40m / Debt 109.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 1.49m (EBIT 1.89m * (1 - 21.00%))
Current Ratio = 4.39 (Total Current Assets 218.1m / Total Current Liabilities 49.7m)
Debt / Equity = 1.46 (Debt 109.8m / totalStockholderEquity, last quarter 75.3m)
Debt / EBITDA = -11.46 (Net Debt -50.5m / EBITDA 4.41m)
Debt / FCF = -27.43 (Net Debt -50.5m / FCF TTM 1.84m)
Total Stockholder Equity = 75.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.99% (Net Income -5.31m / Total Assets 231.1m)
RoE = -7.04% (Net Income TTM -5.31m / Total Stockholder Equity 75.5m)
RoCE = 1.08% (EBIT 1.89m / Capital Employed (Equity 75.5m + L.T.Debt 100.2m))
RoIC = 0.81% (NOPAT 1.49m / Invested Capital 185.0m)
WACC = 13.07% (E(370.3m)/V(480.2m) * Re(15.15%) + D(109.8m)/V(480.2m) * Rd(7.65%) * (1-Tc(0.21)))
Discount Rate = 15.15% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -24.44 | Cagr: -0.59%
[DCF] Terminal Value 60.78% ; FCFF base≈1.84m ; Y1≈1.85m ; Y5≈1.96m
[DCF] Fair Price = 0.57 (EV 16.9m - Net Debt -50.5m = Equity 67.5m / Shares 118.3m; r=13.07% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.02 | # QB: 0
Revenue Correlation: -54.54 | Revenue CAGR: -41.70% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.03 | Chg30d=N/A | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.07 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.13 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+235.0% | GrowthRev=+9.3%
EPS next Year (2027-12-31): EPS=0.19 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+46.2% | GrowthRev=+14.7%
[Analyst] Revisions Ratio: +10% (up=4, down=3)