Overview

• Open Lending Q3 revenue rose and beat analyst expectations

• Company reported a Q3 net loss of $7.6 mln, compared to a profit last year

• Adjusted EBITDA for Q3 beats consensus, indicating operational improvements

Outlook

• Company expects Q4 2025 certified loans between 21,500 and 23,500

Result Drivers

• UNDERWRITING CHANGES - Co implemented enhanced underwriting standards and conservative booking approach to reduce volatility in profit share unit economics

• APEXONE AUTO LAUNCH - Launch of ApexOne Auto platform expands capabilities to serve full spectrum of auto borrowers

• RESELLER AGREEMENT AMENDMENT - Amendment with Allied Solutions included a one-time payment of $11 mln, affecting ongoing compensation rights

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the professional information services peer group is "buy"

• Wall Street's median 12-month price target for Open Lending Corp is $3.15, about 44.1% above its November 5 closing price of $1.76

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNX5YbWxB

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)