Core Viewpoint - Enova International has authorized a new share repurchase program totaling $400 million, the largest in the company's history, which reflects confidence in its business model and long-term growth prospects [2][3]. Group 1: Share Repurchase Program - The new share repurchase program will replace the existing $300 million program and will expire on June 30, 2027 [1][2]. - The repurchases will be conducted in accordance with applicable securities laws and may occur in the open market or through privately negotiated transactions [2]. Group 2: Financial Position - Enova's CFO emphasized the company's strong balance sheet and liquidity position, which provide the financial flexibility to enhance shareholder value through investments and share repurchases [2]. - The company has provided over $65 billion in loans and financing to more than 13 million customers over the past 20 years, showcasing its significant market presence [3].
ENOVA ANNOUNCES NEW $400 MILLION SHARE REPURCHASE PROGRAM