Financial Data and Key Metrics Changes - Adjusted EBITDA increased 18% year-over-year and 15% sequentially to $149 million, while adjusted EPS rose 7% year-over-year and 4% sequentially to $1.91 [4][14] - Total company revenue for Q1 2024 was $610 million, a 26% increase from Q1 2023, with originations rising 30% year-over-year to $1.4 billion [85][42] - The net charge-off ratio for the small business portfolio declined to 4.7% from 4.8% last quarter, aligning with the expected range of 4% to 5% [11] Business Line Data and Key Metrics Changes - Small business revenue increased 22% year-over-year to $236 million, while consumer revenue rose 30% to $365 million [58] - Consumer originations grew 43% year-over-year to $417 million, with expectations for total company revenue to increase slightly sequentially in Q2 [10][42] - Marketing expenses were 18% of total revenue, down from 73% in Q1 of the previous year, indicating improved efficiency [43] Market Data and Key Metrics Changes - The company reported a record $3.5 billion in combined loan and finance receivables, a 23% increase year-over-year [43] - Originations in Brazil increased 29% sequentially and 83% year-over-year on a constant currency basis, highlighting growth opportunities in international markets [81] Company Strategy and Development Direction - The company aims to unlock shareholder value while maintaining significant liquidity for growth, with a focus on a diversified portfolio to capture market share in non-prime lending [5][84] - Management emphasized the importance of credit quality and efficient marketing strategies to drive growth and profitability [60][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive profitable growth, citing strong credit performance and a solid job market as key factors [54][5] - The company anticipates continued growth in originations for 2024, with expectations of at least 15% growth compared to 2023 [15] Other Important Information - The company executed the largest quarterly return of capital through share repurchases in its history, acquiring approximately 2.4 million shares for $139 million [9][46] - The balance sheet remains strong with $738 million in liquidity, including $232 million in cash and marketable securities [61] Q&A Session Summary Question: Is the stock undervalued and will there be more capital returns? - Management believes the stock is undervalued and plans to continue returning capital to shareholders while maintaining liquidity [7][66] Question: How does the composition of new versus recurring customers look? - The mix of new customers has remained steady, with improvements in digital channels contributing to growth [23][70] Question: What is the outlook for marketing expenses and their efficiency? - Marketing expenses are expected to be around 20% of revenue in Q2, with ongoing improvements in marketing efficiency [60][104] Question: How does the company view the competitive environment? - Management noted that the competitive environment is currently favorable, with many competitors struggling, allowing the company to execute effectively [33][84] Question: What are the expectations for credit losses moving forward? - Management expects credit losses to follow seasonal patterns, with slight increases in charge-offs anticipated due to a shift towards higher-yielding products [59][68]

Enova International (ENVA) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.70%. A quarter ago, it was expected that this online financial services company would post earnings of $1.71 per share when it actually produced earnings of $1.83, delivering a surprise of 7.02%.Over the las ...

Exhibit 99.1 Enova Reports First Quarter 2024 Results CHICAGO, April 23, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced financial results for the first quarter ended March 31, 2024. "We are pleased to start the year with another quarter of consistent and profitable growth," said David Fisher, Enova's CEO. "This year marks the 20th year since Enova's founding and the 10th year as a public com ...

CHICAGO, April 9, 2024 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's first quarter 2024 financial results will be released after the market close on Tuesday, April 23, 2024.Enova will host a conference call to discuss its results at 4 p.m. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations webs ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Enova International (ENVA) .Enova International currently has an average b ...

Despite the roaring market and economy, the magnitude of plastic debt forces an uncomfortable and cynical discussion: stocks benefiting from credit card delinquencies.Last year, Americans’ collective plastic balance reached past the $1 trillion level. Earlier this year, the metric landed at $1.13 trillion. And this isn’t just some high-level number that has no economic bearing. Indeed, the New York Federal Reserve reported that credit card and auto loan delinquencies are continuing to rise. This trend is pa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Enova International, Inc. (Exact name of registrant as specified in its charter) Delaware 45-3190813 (State or other jurisdiction of incorporation or organization) 175 Wes ...

New survey analyzes small business sentiment and cash flow data for holistic overview of small business healthCHICAGO, Feb. 15, 2024 /PRNewswire/ -- Today, OnDeck Capital, the leading small business lending company at Enova (NYSE: ENVA), and Ocrolus, the document AI and cash flow analytics platform for lenders, released the first-of-its-kind Small Business Cash Flow Trend Report. The new quarterly report combines small business survey results with cash flow data from companies to provide deeper insights int ...

There are many types of companies in the financial markets, firstly from different sectors, and secondly, they can vary according to their capitalization size. Their capitalization can go by various factors, either the time they have been in the stock market, their attractiveness, or the great appetite of investors for the company, among many others. Still, in theory, the capitalization of a company is not an indication by itself that a company is good or bad; to determine that, you must study the company. ...

Enova International, Inc. (NYSE:ENVA) Q4 2023 Earnings Conference Call January 30, 2024 5:00 PM ET Company Participants Lindsay Savarese - Investor Relations David Fisher - Chief Executive Officer Steve Cunningham - Chief Financial Officer Conference Call Participants David Scharf - JMP Securities Moshe Orenbuch - TD Cowen John Rowan - Janney Alexander Villalobos - Jefferies Operator Good afternoon and welcome to the Enova International Fourth Quarter 2023 Earnings Conference Call. All participants will be ...