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. We show 14 historical shares outstanding datapoints in our LPRO shares outstanding history coverage, used to compute LPRO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LPRO market cap history over the course of time is important for investors
interested in comparing LPRO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LPRO versus a peer is one thing; comparing
LPRO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LPRO can fluctuate over the course of history.
With this page we aim to empower investors researching LPRO by allowing them to research the LPRO market cap history. |
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Video: The Importance of Market Cap
