Upstart (UPST) Explodes 40% on Earnings Beat and Strong Guidance, Triggering Upgrade to 'Outperform'

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Go back to Upstart (UPST) Explodes 40% on Earnings Beat and Strong Guidance, Triggering Upgrade to 'Outperform'

Upstart to Acquire Prodigy Software, a Leading Automotive Retail Software Provider

March 17, 2021 4:07 PM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)-- Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced it has entered into a definitive agreement to acquire Prodigy Software, Inc., a provider of cloud-based automotive retail software.

Each year, approximately $1 trillion of cars are sold in the US, and most of them are financed.1 Yet purchasing a car consistently ranks among the worst consumer experiences, with less than 1% of buyers satisfied with the current process.

While Amazon and Shopify have modernized the online shopping experience, the auto... More

Upstart Announces Fourth Quarter 2020 and Fiscal Year 2020 Results

March 17, 2021 4:05 PM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)-- Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.

Were excited to share our financial results for the first time as a public company. Despite the COVID-19 pandemic, we delivered strong... More