Open Lending Corporation reported its first quarter ended March 31, 2025, financial results. CEO Jessica Buss expressed confidence in the company's business model and execution plan, noting actions taken to enhance customer experience and lender profitability. The company has introduced new loan measures and refined pricing strategies aimed at reducing volatility in future profit share revenue.
The Board of Directors authorized a $25 million share repurchase program on May 1, 2025, which will remain active until May 1, 2026. Repurchases may occur at management's discretion in the open market. This program signals management's belief in the company's intrinsic value and provides flexibility to return capital to shareholders.
For the second quarter of 2025, Open Lending expects total certified loans to be between 25,500 and 27,500. The company emphasized its strong balance sheet and dedicated team as foundations for generating value for stakeholders.
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