Enova International, Inc.'s (ENVA) board of directors has approved a new share repurchase plan. As part of the program, which expires on Dec 31, 2025, $300 million worth of shares are authorized for buyback. This new program replaces the existing $300 million share repurchase plan, announced in October 2023. The company repurchased roughly $201 million of shares during the first six months of 2024. Prior to the October 2023 program, ENVA announced a $100 million share repurchase plan in February 2022, which ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zack ...

CHICAGO, Aug. 12, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova" or the "Company"), a leading financial services company powered by machine learning and world-class analytics, today announced that its Board of Directors has authorized a new share repurchase program totaling $300 million that expires December 31, 2025. Enova's existing $300 million repurchase program that would have expired on December 31, 2024 will terminate and be replaced by this new program. "The board's authorizati ...

Core Viewpoint - Enova International, Inc. successfully issued $500 million in Senior Notes due 2029, reflecting strong investor confidence in its growth strategy and financial performance [1][3]. Group 1: Financial Details - The Senior Notes were offered at a price of 100.000% of the principal amount and will bear interest at 9.125% per annum [1]. - The net proceeds from the offering will be used for multiple purposes, including repurchasing outstanding senior notes due 2025, funding the redemption of remaining 2025 Notes, paying related fees and expenses, repaying outstanding indebtedness under the revolving credit facility, and for general corporate purposes [2]. Group 2: Company Overview - Enova is a leading financial services company that provides online lending to small businesses and consumers underserved by traditional banks, utilizing advanced analytics and machine learning [4]. - The company has served over 10.5 million customers, providing more than $56 billion in loans and financing [4].

CHICAGO, Aug. 12, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova" or the "Company") announced today the early tender results in connection with its previously announced cash tender offer (the "Tender Offer") for any and all of the outstanding U.S.$375,000,000 aggregate principal amount of its 8.500% Senior Notes due 2025 (the "Notes"). The Company also announced receipt of the requisite consents in connection with its previously announced consent solicitation (the "Consent Solicitation" ...

This combination positions Enova International well for outperformance, so growth investors may want to bet on it. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. Enova International (ENVA) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. Here are three of the most i ...

Earnings Outlook A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. Below, we take a look at Enova International (ENVA) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, tw ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

CHICAGO, July 29, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova" or the "Company") today announced that it intends to offer, subject to market and other customary conditions, $400.0 million in aggregate principal amount of senior notes due 2029 (the "Notes"). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by Enova's existing and future domestic subsidiaries, subject to certain exceptions including for its securitization subsidiaries. The Notes and the ...

In conjunction with the Tender Offer, the Company is also soliciting consents (the "Consent Solicitation") from the holders of the Notes for the adoption of proposed amendments (the "Proposed Amendments"), which would, among other things, (i) eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Notes and (ii) reduce the minimum required notice period for the redemption of Notes from at least 30 days to at least ...