Open Lending ( (LPRO) ) has issued an update.
On January 21, 2025, Open Lending Corporation announced the retirement of its co-founder, John J. Flynn, from the Board of Directors, effective January 16, 2025. Although Mr. Flynn is stepping down, he will continue to contribute to the company as a consultant through the end of 2025. This transition is not due to any disagreements but marks a planned succession, with the company under the leadership of CEO Chuck Jehl. Flynn’s retirement reflects a strategic continuity for Open Lending, aiming to maintain its growth and innovation in the automotive lending industry.
More about Open Lending
Open Lending Corporation, listed on NASDAQ as LPRO, is a pioneer in lending enablement and risk analytics solutions catering to financial institutions in the United States. The company specializes in loan analytics, risk-based pricing, risk modeling, and default insurance, focusing on making vehicle ownership accessible to individuals in the near- and non-prime credit spectrum.
YTD Price Performance: -9.98%
Average Trading Volume: 334,783
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $613.5M
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