Open Lending extends its partnership with AmTrust North America through 2033, enhancing automotive lending solutions and risk analytics.
Quiver AI Summary
Open Lending Corporation has announced the early extension of its producer agreement with AmTrust North America, which is set to continue through 2033, extending their partnership that has lasted over 15 years. Barry Zyskind, CEO of AmTrust, emphasized their appreciation for Open Lending's innovative approach to automotive lending and its impact on car ownership for many Americans. Jessica Buss, CEO of Open Lending, highlighted the importance of this extension in securing credit capacity and reaffirming the company's value and effectiveness in generating profitable business for their partners. This collaboration enhances Open Lending's offerings, including their Lender’s Protection™ Program, as they continue to support financial institutions with automotive lending solutions.
Potential Positives
- The early extension of the partnership agreement with AmTrust North America solidifies Open Lending's relationship with its largest and longest-standing partner, enhancing its stability and market position.
- This extension, running through 2033, ensures continued access to crucial credit capacity, which is vital for supporting Open Lending's growth and service delivery.
- The agreement underscores the confidence that AmTrust has in Open Lending's business model and capabilities, suggesting a strong endorsement of the company's products and services.
Potential Negatives
- Limited details on the specific benefits or changes resulting from the extension of the agreement, which may lead to uncertainty about the future impact on the company's business performance.
- The extension of the agreement with AmTrust, while positive, may indicate a lack of new partnerships or diversification strategies that could strengthen the company's market position.
- No mention of financial performance metrics or forecasts that could demonstrate the anticipated positive impact of the agreement extension on Open Lending's revenue growth.
FAQ
What is the relationship between Open Lending and AmTrust?
Open Lending and AmTrust have a longstanding partnership, with the recent extension of their producer agreement running through 2033.
How long is the new agreement between Open Lending and AmTrust?
The newly extended agreement will last until 2033, five years longer than the original expiration date.
What services does Open Lending provide?
Open Lending offers loan analytics, risk-based pricing, risk modeling, and default insurance to automotive lenders across the U.S.
Who is the CEO of Open Lending?
Jessica Buss is the Chairman and CEO of Open Lending, leading the company in innovative automotive lending solutions.
What is the Lender's Protection™ Program?
The Lender's Protection™ Program is Open Lending's signature offering that helps mitigate risk for lenders in automobile financing.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LPRO Insider Trading Activity
$LPRO insiders have traded $LPRO stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $LPRO stock by insiders over the last 6 months:
- JESSICA E BUSS (Chief Executive Officer) has made 2 purchases buying 12,975 shares for an estimated $24,996 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LPRO Hedge Fund Activity
We have seen 71 institutional investors add shares of $LPRO stock to their portfolio, and 66 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LB PARTNERS LLC added 5,050,841 shares (+inf%) to their portfolio in Q2 2025, for an estimated $9,798,631
- WASATCH ADVISORS LP removed 3,296,970 shares (-19.7%) from their portfolio in Q1 2025, for an estimated $9,099,637
- ETHOS FINANCIAL GROUP, LLC added 2,948,771 shares (+inf%) to their portfolio in Q1 2025, for an estimated $8,138,607
- VANGUARD GROUP INC removed 2,068,056 shares (-20.3%) from their portfolio in Q1 2025, for an estimated $5,707,834
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,245,763 shares (+9.8%) to their portfolio in Q1 2025, for an estimated $3,438,305
- KORNITZER CAPITAL MANAGEMENT INC /KS removed 679,244 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,874,713
- WORKING CAPITAL ADVISORS (UK) LTD. added 619,060 shares (+6.8%) to their portfolio in Q1 2025, for an estimated $1,708,605
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LPRO Analyst Ratings
Wall Street analysts have issued reports on $LPRO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 05/09/2025
- DA Davidson issued a "Buy" rating on 04/16/2025
To track analyst ratings and price targets for $LPRO, check out Quiver Quantitative's $LPRO forecast page.
$LPRO Price Targets
Multiple analysts have issued price targets for $LPRO recently. We have seen 4 analysts offer price targets for $LPRO in the last 6 months, with a median target of $3.1.
Here are some recent targets:
- Mayank Tandon from Needham set a target price of $2.5 on 05/09/2025
- Peter Heckmann from DA Davidson set a target price of $4.0 on 04/16/2025
- John Hecht from Jefferies set a target price of $3.7 on 03/20/2025
Full Release
AUSTIN, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced the early extension of their producer agreement with AmTrust North America, Inc., a subsidiary of AmTrust Financial Services, Inc. (“AmTrust”). Set to expire in 2028, the agreement with Open Lending’s largest and longest standing partner will now run through 2033.
“We are thrilled to extend our agreement with Open Lending, building on a strong partnership of more than 15 years,” said Barry Zyskind, Chairman and CEO of AmTrust. “Open Lending has created an innovative and technology-driven business to bring the dream of car ownership to hundreds of thousands of Americans. We are honored to continue supporting the great work of Jessica and the Open Lending team.”
“This extension was driven by the strength of our partnership and the value they see in Open Lending and our signature Lender’s Protection™ Program,” said Jessica Buss, Chairman and CEO of Open Lending. “AmTrust is our largest and longest partner providing insurance coverage to our credit unions, and this early extension not only secures our credit capacity but demonstrates their faith in our product, team, and ability to generate profitable business. We're deeply grateful for their partnership and look forward to building value together in the years ahead.”
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit www.openlending.com .
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, business owner’s policy (BOP), general liability and extended service and warranty coverage. For more information about AmTrust, visit
www.amtrustfinancial.com
.
Contact information:
Investor Relations Inquiries:
[email protected]
Source: Open Lending Corporation
