Strong top-line growth with total company revenue increasing 25% and originations increasing 28% from the third quarter of 2023Diluted earnings per share of $1.57 increased 22% and adjusted earnings per share of $2.45 increased 63% compared to the third quarter of 2023Credit performance remained strong compared to a year ago with lower consolidated net charge-off and delinquency ratios, a stable net revenue margin and a higher fair value premium on the total company portfolioLiquidity, including cash and ma ...

Enova International (ENVA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

CHICAGO, Sept. 26, 2024 /PRNewswire/ -- Small businesses are overwhelmingly optimistic about their future growth, according to the latest Small Business Cash Flow Trend Report from OnDeck, the leading small business lending company at Enova (NYSE: ENVA) and Ocrolus, the document AI and cash flow analytics platform for lenders. Key findings include: Optimism and Growth. A large majority of small businesses remain optimistic about business growth opportunities over the next 12 months. Payments: The use of alt ...

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." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

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 ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging due to associated risks and volatility [1] Group 1: Company Overview - Enova International (ENVA) is recommended as a cutting-edge growth stock based on its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 13.2%, with projected EPS growth of 27.2% this year, significantly outperforming the industry average of 10.4% [5] Group 2: Financial Metrics - Enova International has an asset utilization ratio (sales-to-total-assets ratio) of 0.52, indicating it generates $0.52 in sales for every dollar in assets, compared to the industry average of 0.26 [7] - The company's sales are expected to grow by 23.2% this year, far exceeding the industry average growth of 0.9% [7] Group 3: Earnings Estimates - The current-year earnings estimates for Enova International have been revised upward, with the Zacks Consensus Estimate increasing by 7.6% over the past month [9] - The combination of a Growth Score of A and a Zacks Rank 2 positions Enova International favorably for potential outperformance [9][10]

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].

Core Viewpoint - Enova International, Inc. has announced a new share repurchase program totaling $300 million, which will replace the existing program and is set to expire on December 31, 2025 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program is authorized by the Board of Directors and aims to enhance long-term shareholder value through portfolio growth and capital returns [2]. - The existing $300 million repurchase program, which was set to expire on December 31, 2024, will be terminated and replaced by the new program [1]. - Repurchases will be conducted in accordance with applicable securities laws and may occur in the open market or through privately negotiated transactions [3]. Group 2: Company Overview - Enova is a leading financial services company that utilizes machine learning and analytics to provide online lending services to small businesses and underserved consumers [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 ...