Open Lending provides loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders throughout the U.S., which allows each lending institution to book incremental near-prime and non-prime automotive loans out of their existing business flow. Co. also operates as a third-party administrator that adjudicates insurance claims and premium adjustments on those automotive loans. Co.'s product LPP, is an automotive lending program designed to underwrite default insurance on loans made to near-prime and non-prime borrowers. The program uses risk-based pricing models and links automotive lenders and insurance companies. The LPRO stock yearly return is shown above.
The yearly return on the LPRO stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2023 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the LPRO annual return calculation with any dividends reinvested as applicable (on ex-dates).
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