Is Enova International (ENVA) a Solid Growth Stock? 3 Reasons to Think "Yes"

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]