Open Lending Corporation (LPRO) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Open Lending Corporation (“Open Lending” or the “Company”) (NASDAQ: LPRO) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN OPEN LENDING CORPORATION (LPRO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [e-mail], by telephone at [phone] or visit our website at www.howardsmithlaw.com.

What Happened?

On March 17, 2025, Open Lending disclosed that it would be unable to timely file its Annual Report for 2024 as it “requires additional time to finalize its accounting and review processes specifically related to its profit share revenue and related contract assets.”

On this news, Open Lending’s stock price fell $0.40, or 9.3%, to close at $3.91 per share on March 17, 2025, thereby injuring investors.

Then, on March 31, 2025, Open Lending released its fourth quarter and full year 2024 financial results, revealing that quarterly revenue was negative $56.9 million due in part to “a $81.3 million reduction in estimated profit share revenues related to business in historic vintages” . . . “primarily due to heightened delinquencies and corresponding defaults associated with loans originated in 2021 through 2024.” Additionally, the Company disclosed a net loss of $144 million, which was “negatively impacted by the recording of a valuation allowance on [its] deferred tax assets of $86.1 million, which increased [its] income tax expense during the period.”

On this news, Open Lending’s stock price fell as much as 47% during intraday trading on April 1, 2025, thereby injuring investors further.

Contact Us To Participate or Learn More:
If you purchased Open Lending securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: [phone]
Email: [e-mail]
Visit our website at: www.howardsmithlaw.com.

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