Shares of Open Lending Corporation (LPRO), a lending enablement and risk analytics solutions provider for financial institutions, are up more than 12% Friday morning at $7.57, after the company announced a share buyback to the tune of $75 million.
The share repurchase is valid through November 17, 2023.
"The Board's decision to approve this share repurchase program reflects the confidence in our business model, free cash flow profile, strength of our balance sheet, and the attractive levels to acquire our common stock," said Keith Jezek, CEO of Open Lending.
LPRO has traded in the range of $6.11- $28.53 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.