BUZZ-Open Lending hits record low after fourth-quarter loss

Reuters

Apr 02, 2025

** Lending platform Open Lending's LPRO.O shares slump 51.6% to $1.34, hitting record low

** LPRO late Monday reported Q4 loss vs Wall Street expectations of a profit

** Co has missed profit expectations for six straight quarters, per LSEG data

** LPRO also announced it had appointed Jessica Buss as its CEO effective immediately

** Co went public in New York in June 2020 through a $1.3 billion blank-check deal

** Jefferies says it looks to gradual performance improvement in the next quarters with the change in management and refocus of strategic priorities

** 5 of 9 brokerages rate the stock "buy" and 4 "hold"; median PT $7 - data compiled by LSEG

** LPRO stock down 77.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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