Core Insights - Ezcorp (EZPW) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, and up from $0.26 per share a year ago, representing an earnings surprise of +17.24% [1] - The company achieved revenues of $336.81 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 6.93% and increasing from $294.55 million year-over-year [2] - Ezcorp's stock has increased approximately 47.3% year-to-date, significantly outperforming the S&P 500's gain of 16.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $345 million, and for the current fiscal year, it is $1.45 on revenues of $1.33 billion [7] - The estimate revisions trend for Ezcorp was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - Consumer Loans industry, to which Ezcorp belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Revenue and Profit Growth - Fourth quarter total revenues increased 14% to $336.8 million, while gross profit increased 13% to $198.6 million[8] - Full year total revenues increased 10% to $1,274.3 million, with gross profit rising 9% to $746.1 million[8] - Adjusted EBITDA for the fourth quarter rose 33% to $47.9 million, and for the full year, it increased 26% to $191.2 million[8] - Net income for the fourth quarter surged 76% to $26.7 million, while full year net income rose 32% to $109.6 million[8] - Diluted earnings per share (EPS) for the fourth quarter increased 62% to $0.34, and for the full year, it rose 29% to $1.42[8] - Total revenues for the twelve months ended September 30, 2025, were $1.27 billion, compared to $1.45 billion for the previous year, a decline of 12.4%[29] - The company reported a segment contribution of $67.4 million for the three months ended September 30, 2025, down from $75.0 million in the same quarter of 2024[26] - The company reported a segment contribution of $211.6 million, with U.S. Pawn contributing $165.3 million and Latin America Pawn contributing $38.8 million[31] Store Expansion and Operations - The company opened 40 de novo stores and acquired 52 locations in fiscal 2025, more than doubling the total acquisitions from the previous two years[6] - The company opened 17 new locations and acquired 8 locations during the quarter, bringing the total store count to 1,360[34] - The company experienced a total of 11 locations combined or closed over the twelve months, resulting in a net increase of 81 locations[34] Cash and Assets - Cash and cash equivalents increased to $469.5 million from $170.5 million, primarily due to the issuance of Senior Notes and cash from operating activities[10] - Total current assets reached $1.1 billion as of September 30, 2025, a 54.5% increase from $729.0 million in 2024[22] - The company’s total equity grew to $1.03 billion as of September 30, 2025, up from $804.6 million in 2024, indicating a growth of 27.2%[22] - Consolidated gross profit for Q4 2025 was $198.6 million, up 13% year-over-year, with full year gross profit at $746.1 million, a 9% increase[40] Expenses and Liabilities - Store expenses increased 8% in the fourth quarter, primarily due to labor costs and new store openings[9] - Total liabilities increased to $925.7 million as of September 30, 2025, from $688.7 million in 2024, marking a rise of 34.4%[22] - Store expenses for the three months ended September 30, 2025, were $129.0 million, an increase from $119.0 million in the prior year[26] - General and administrative expenses for the same period were $23.4 million, compared to $20.7 million in the previous year[26] - The company incurred an interest expense of $8.1 million for the three months ended September 30, 2025[26] - Interest expense increased to $8.1 million from $3.2 million year-over-year, while interest income also rose to $(5.3) million from $(2.1) million[38] Pawn Loans and Service Charges - Pawn loans outstanding (PLO) increased 12% to $307.5 million in the fourth quarter, with a same-store basis increase of 10%[9] - The company reported a 20.5% increase in pawn service charges, totaling $125.97 million for the three months ended September 30, 2025, compared to $115.1 million in 2024[20] - Pawn service charges contributed $125.9 million, down from $140.0 million, indicating a decrease of 10.0%[26] - The company made loans totaling $1.01 billion during the twelve months ended September 30, 2025, compared to $937.0 million in 2024, reflecting an increase of 7.9%[24] Currency and Market Performance - The average exchange rate for the Mexican peso was 18.3 for the quarter, compared to 19.7 in the same quarter last year, indicating a strengthening of the peso[37] - The company provided non-GAAP financial information to enhance understanding of its operations, particularly in Latin America, where results are affected by currency fluctuations[35] - Constant currency consolidated revenues for Q4 2025 were $335.9 million, a 14% increase, and $1,304.3 million for the full year, a 12% increase[40] - Latin America Pawn segment gross profit for Q4 2025 was $54.0 million, a 19% increase, with full year gross profit at $195.4 million, an 8% increase[40] - Latin America Pawn merchandise sales for Q4 2025 were $59.3 million, a 17% increase, with full year sales at $225.7 million, a 10% increase[40]

Core Insights - EZCORP, Inc. reported record revenue and pawn loans outstanding (PLO) for fiscal year 2025, driven by strong demand for cash solutions and secondhand goods [5][6] - The company achieved a 26% increase in adjusted EBITDA to $191.2 million and a 27% rise in adjusted diluted EPS to $1.43 [5][9] - The growth strategy included disciplined acquisitions and de novo store openings, resulting in a total of 1,360 stores across five countries [6][7] Fourth Quarter Highlights - Total revenues for Q4 increased by 14% to $336.8 million, with gross profit rising by 13% to $198.6 million [9][10] - Net income surged by 76% to $26.7 million, while diluted EPS increased by 62% to $0.34 [9][10] - Pawn loans outstanding reached $307.5 million, a 12% increase, reflecting higher average loan sizes and strong demand [12] Full Year 2025 Highlights - Full year total revenues rose by 10% to $1,274.3 million, with gross profit increasing by 9% to $746.1 million [9][10] - Net income for the year was $109.6 million, a 32% increase, with diluted EPS up 29% to $1.42 [9][10] - The company expanded its footprint by 81 stores, including 52 acquisitions and 40 de novo openings [9][10] Segment Results - In the U.S. pawn segment, PLO increased by 9% to $233.8 million, driven by higher average loan sizes and improved operational performance [11] - Latin America pawn segment saw PLO improve by 23% to $73.7 million, with total revenues up 11% on a constant currency basis [13] - Jewelry scrap sales in Q4 increased by 91%, contributing to a gross margin increase of 1,010 basis points to 29% [12] Financial Position - Cash and cash equivalents rose significantly to $469.5 million from $170.5 million, primarily due to a $300 million issuance of Senior Notes [12] - The company maintained a flexible balance sheet, focusing on high-return growth and opportunistic share repurchases [7][12] - Total assets increased to $1,951.2 million, up from $1,493.2 million year-over-year [22][23]

Operations and Locations - As of September 30, 2025, EZCORP operated a total of 1,360 locations, including 545 in the U.S., 622 in Mexico, and 193 in Guatemala, El Salvador, and Honduras[16] - The company opened 40 new pawn locations in fiscal 2025, contributing to a total of 1,360 locations[18] - In fiscal 2025, the company opened 40 de novo stores and acquired 52 stores, bringing the total to 1,360 stores, with 60% in Latin America and 40% in the U.S.[57] - The company has 1,360 stores as of September 30, 2025, with 545 located in the U.S. and 622 in Mexico[146] Financial Performance - The company reported a net income of $109.6 million for fiscal 2025, representing a 32% increase compared to $83.1 million in fiscal 2024[171] - Total revenues increased by $112.7 million (10%) in fiscal 2025, driven by higher pawn service charges and merchandise sales[172] - Pawn service charges rose by $37.7 million (9%) due to an increase in average pawn loan amounts[173] - Gross profit for fiscal 2025 was $195.4 million, an increase of 8% from $181.0 million in fiscal 2024, with a 17% increase on a constant currency basis[182] - Cash flows from operating activities increased by 31% to $149.0 million, driven by higher net income and favorable changes in working capital[197] Revenue Sources - In fiscal 2025, pawn service charges (PSC) accounted for approximately 37% of total revenues and 64% of gross profit, with a closing pawn loan outstanding (PLO) balance of $307.5 million[21] - EZCORP's gross profit sources for fiscal 2025 included PSC, merchandise sales gross profit, and jewelry scrap gross profit, with a focus on optimizing the balance of PLO to increase PSC[14] - Merchandise sales rose 10% to $225.7 million, with a 20% increase on a constant currency basis, while same-store merchandise sales increased by 8% (18% on a constant currency basis)[187] - Jewelry scrap sales surged by 62%, with gross margin increasing by 1,160 basis points to 26.6% due to rising gold prices[173] Employee Engagement and Development - The company achieved an 89% participation rate in its annual Global Employee Engagement Survey, with an overall engagement score of 85, which is eleven points higher than the global benchmark[29] - Approximately 82% of managerial positions were filled via internal promotion, reflecting the company's commitment to talent management and development[36] Sustainability and Compliance - The company prioritizes sustainability and has developed foundational elements of a comprehensive sustainability program[12] - The company has installed energy-efficient LED lighting in 85% of U.S. stores and 60% of Latin America stores to reduce energy consumption[58] - The company’s corporate office in Austin, Texas, has achieved LEED Certified Silver status, reflecting its commitment to sustainability[58] - The company maintains a strong compliance culture, monitored by the Board of Directors, to adhere to regulatory standards across all jurisdictions[49] Market Presence and Competition - EZCORP holds a 43.7% equity interest in Cash Converters International Limited, which operates 659 stores across 15 countries, enhancing its market presence[16] - The pawn industry in the U.S. is large and highly fragmented, with the company being the second largest operator[62] - Significant competition exists from pawn stores, consumer lending companies, and online retailers, which could adversely affect operations[103] Risks and Challenges - A significant portion of collateral for pawn loans is gold jewelry, and fluctuations in gold values could materially impact earnings and financial position[93] - The company is exposed to risks associated with firearms transactions, including potential regulatory fines and liabilities[100] - The company faces risks related to natural disasters, particularly in regions susceptible to hurricanes and earthquakes, which could impact operations and financial performance[111] - Foreign operations in Latin America expose the company to risks related to political instability and economic volatility, potentially impacting growth plans[123] Debt and Financial Obligations - The company issued $300 million of 7.375% senior notes due 2032, which could restrict funds available for growth and other corporate purposes[121] - Debt obligations total $530,000,000, with $230,000,000 due in 3-5 years and $300,000,000 due in more than 5 years[210] - Total cash needs to meet future aggregate contractual obligations as of September 30, 2025, amount to $1,035,045,000[210] Stock Performance - The Class A Common Stock closing price was $19.04 per share as of September 30, 2025[150] - The company’s stock performance increased from $100 in 2020 to $378.42 in 2025, representing a 278.42% increase[154]

Core Points - EZCORP, Inc. will release its fourth quarter and full year fiscal 2025 results on November 13, 2025, after market close [1] - A conference call and webcast to discuss the results will take place on November 14, 2025, at 9:00 a.m. Eastern time [2][3] Company Overview - EZCORP, formed in 1989, is a leading provider of pawn transactions in the United States and Latin America, also selling pre-owned and recycled merchandise [4] - The company focuses on meeting the short-term cash needs of consumers who are cash and credit constrained, emphasizing an industry-leading customer experience [4]

Core Insights - EZCORP (NASDAQ:EZPW) is highlighted as a top credit services stock to buy due to the US interest rate cuts, with Canaccord Genuity reiterating a 'Buy' rating and raising the price target to $27 from $25 [1][2]. Group 1: Business Performance - Canaccord Genuity conducted 12 rounds of store checks at EZCORP and FirstCash locations, confirming solid trends in the pawn sector and consumer demand for value through the company's services despite financial pressures [2]. - The robust performance of certain EZCORP locations is noted, supported by positive feedback from store managers and improvements in business execution, including enhanced inventory management [3]. Group 2: Company Overview - EZCORP primarily provides short-term financial solutions through pawn loans and generates revenue from selling pre-owned and recycled merchandise, which includes items forfeited from pawn loans and goods purchased from customers [4].

Core Insights - The third quarter performance of the selected stocks was strong, with 14 out of 18 stocks finishing in positive territory, and 12 of those achieving double-digit gains [2][3] - Notably, four stocks have doubled in value year-to-date, while 13 stocks have recorded double-digit gains [2] - The report provides a ranking of the 18 stocks based on their year-to-date returns and offers insights into their outlook for the fourth quarter [2] Stock Performance Summary - **Beam Therapeutics (BEAM)**: Q3 gain of 42.68%, YTD return of 4.03% [3] - **Bloom Energy (BE)**: Exceptional Q3 gain of 253.55%, YTD return of 309.14% [3] - **Boeing (BA)**: Q3 gain of 3.01%, YTD return of 23.12% [3] - **Carvana (CVNA)**: Q3 gain of 11.95%, YTD return of 90.70% [3] - **CF Industries (CF)**: Q3 loss of 2.50%, YTD return of 6.03% [3] - **Coinbase Global (COIN)**: Q3 loss of 3.71%, YTD return of 50.98% [3] - **Dell Technologies (DELL)**: Q3 gain of 15.64%, YTD return of 26.09% [3] - **Deutsche Bank (DB)**: Q3 gain of 20.94%, YTD return of 108.91% [3] - **Ezcorp (EZPW)**: Q3 gain of 37.18%, YTD return of 49.39% [3] - **LendingClub (LC)**: Q3 gain of 26.27%, YTD return of -6.38% [3] - **Nebius Group (NBIS)**: Q3 gain of 102.91%, YTD return of 356.10% [3] - **Opera (OPRA)**: Q3 gain of 9.21%, YTD return of -2.85% [3] - **Rocket Lab (RKLB)**: Q3 gain of 33.94%, YTD return of 108.99% [3] - **Roku (ROKU)**: Q3 gain of 13.93%, YTD return of 39.22% [3] - **Sea (SE)**: Q3 gain of 11.75%, YTD return of 73.99% [3] - **SEI Investments (SEIC)**: Q3 loss of 5.58%, YTD return of 3.18% [3] - **SoFi Technologies (SOFI)**: Q3 gain of 45.09%, YTD return of 65.62% [3] - **STMicroelectronics NV (STM)**: Q3 loss of 7.07%, YTD return of 16.54% [3] - **Total Gain**: Cumulative YTD return of 1322.80% across all stocks [3] Notable Stock Insights - **Nebius Group NV (NBIS)**: Strong performance in the AI sector, with 10% of the stock's float sold short [3] - **Bloom Energy Inc (BE)**: Benefiting from the data center boom, with a significant Q3 gain [4] - **Rocket Lab Corp (RKLB)**: Showing bullish potential despite a recent stock sale [5] - **Deutsche Bank AG (DB)**: A solid performer in the banking sector, demonstrating value investing characteristics [5] - **Carvana Co (CVNA)**: Positive momentum following earnings, with decreasing short interest [6] - **Sea Limited (SE)**: Consistent performance with three consecutive profitable quarters [6] - **SoFi Technologies (SOFI)**: Testing support levels, with potential for further gains [7] - **Coinbase Global Inc (COIN)**: Continues to face skepticism from analysts despite its crypto focus [8] - **Ezcorp Inc (EZPW)**: Positive bounce off its 200-day moving average, indicating potential growth [8] - **Roku Inc (ROKU)**: Reinventing itself after being oversold [9] - **Dell Technologies Inc (DELL)**: Monitoring external factors like chip imports and tariffs [9] - **Boeing Co (BA)**: Currently in a channel of higher highs, indicating potential for recovery [9] - **STMicroelectronics NV (STM)**: Struggling to recover from a post-earnings gap [10] - **CF Industries (CF)**: Upcoming earnings report to be closely watched [10] - **Beam Therapeutics Inc (BEAM)**: Trading at its highest level since March, showing signs of recovery [10] - **SEI Investments Co (SEIC)**: Facing downward pressure, testing its 200-day moving average [10] - **Opera Ltd (OPRA)**: Struggling to capitalize on previous positive ratings [11] - **LendingClub Corp (LC)**: Despite being the worst performer, still showing resilience with a recent quarterly gain [11] Market Sentiment - Several stocks, including BEAM, COIN, DELL, NBIS, ROKU, and STM, have high Relative Strength Indexes, indicating potential overbought conditions [12] - Despite the strong performance, there are still bullish cases to be made for all 18 stocks listed [12]

Core Viewpoint - The article highlights the investment opportunity in EZCORP (NASDAQ: EZPW), suggesting that investors who capitalized on the stock's midyear pullback have seen gains [1]. Group 1 - The author made a case for purchasing EZCORP shares at the beginning of the year, indicating a positive outlook on the stock [1]. - The midyear pullback in EZPW stock provided a buying opportunity for investors, leading to favorable returns [1].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling even higher [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Ezcorp (EZPW) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperformance, with EZPW rated as 2 (Buy) [3] Group 2: Performance Metrics - EZPW shares have increased by 5.17% over the past week, outperforming the Zacks Financial - Consumer Loans industry, which rose by 3.46% [5] - Over the past quarter, EZPW shares have gained 18.96%, and over the last year, they have increased by 35.02%, compared to the S&P 500's gains of 11.03% and 17.4%, respectively [6] - The average 20-day trading volume for EZPW is 810,302 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions show one upward revision for the full year, increasing the consensus estimate from $1.28 to $1.31 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions in the same period [9] - These factors contribute to EZPW's 2 (Buy) rating and a Momentum Score of B, suggesting it is a promising pick for near-term investment [11]

Core Viewpoint - Ezcorp (EZPW) shares have increased by 9.8% in the past four weeks, closing at $15.64, with a mean price target of $21 indicating a potential upside of 34.3% [1] Price Targets and Analyst Consensus - The average price target consists of four estimates ranging from a low of $17.00 to a high of $25.00, with a standard deviation of $3.37, suggesting a potential increase of 8.7% to 59.9% from the current price [2] - A low standard deviation indicates a strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Optimism - Analysts show strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [11] - Over the last 30 days, one estimate has increased, leading to a 2.9% rise in the Zacks Consensus Estimate for the current year [12] Zacks Rank and Investment Potential - EZPW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - The consensus price target may not be a reliable indicator of the stock's potential gain, but it does suggest a positive price movement direction [14]