Open Lending Corp
NASDAQ:LPRO

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Open Lending Corp
NASDAQ:LPRO
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Price: 5.72 USD -2.56%
Market Cap: 682.7m USD
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Gross Margin
Open Lending Corp

76.1%
Current
86%
Average
65.5%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
76.1%
=
Gross Profit
72.9m
/
Revenue
95.9m

Gross Margin Across Competitors

Country US
Market Cap 700m USD
Gross Margin
76%
Country US
Market Cap 152.2B USD
Gross Margin
69%
Country US
Market Cap 85.7B USD
Gross Margin
80%
Country US
Market Cap 84.9B USD
Gross Margin
0%
Country US
Market Cap 84.3B USD
Gross Margin
73%
Country UK
Market Cap 59.7B GBP
Gross Margin
87%
Country US
Market Cap 67B USD
Gross Margin
87%
Country CN
Market Cap 408.8B CNY
Gross Margin
94%
Country HK
Market Cap 377.3B HKD
Gross Margin
0%
Country US
Market Cap 47.3B USD
Gross Margin
82%
Country US
Market Cap 44.6B USD
Gross Margin
65%
No Stocks Found

Open Lending Corp
Glance View

Market Cap
682.1m USD
Industry
Financial Services

Open Lending Corp. provides lending enablement and risk analytics to credit unions, regional banks and the captive finance companies of original equipment manufacturers (OEM Captives). The company is headquartered in Austin, Texas and currently employs 132 full-time employees. The company went IPO on 2018-03-02. The firm provides lending enablement and risk analytics to credit unions, regional banks, and the captive finance companies of original equipment manufacturer (OEM). The company also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on those automotive loans. Its Lenders Protection Program (LPP) is an automotive lending program designed to underwrite default insurance on loans made to near-prime and non-prime borrowers. LPP uses risk-based pricing models combined with loan default insurance provided by third-party insurers. LPP enables automotive lenders to assess the credit risk of a potential borrower using data driven analysis, enabling the lender to generate an all-inclusive, insured, interest rate for a loan for the borrower. The company caters to 396 lenders.

LPRO Intrinsic Value
6.9 USD
Undervaluation 17%
Intrinsic Value
Price

See Also

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
76.1%
=
Gross Profit
72.9m
/
Revenue
95.9m
What is the Gross Margin of Open Lending Corp?

Based on Open Lending Corp's most recent financial statements, the company has Gross Margin of 76.1%.