Upbound Group: Strong Growth In Acima Provides Upside Potential

The headwinds due to high LCOs should reduce in upcoming quarters, which should lead to improving margins for the Acima business. The business is also expected to continue its strong growth, supported by recent merchant signings as it leverages its sizeable sales force. The company ended the first quarter with $1.31 billion in debt, of which around$850 million has been financed at floating rates. Its net debt to 2024 EBITDA ratio is 2.6. Quarterly net interest expenses are running at approximately $29 mill ...