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Is Enova Stock a Buy, Sell, or Hold After Its CFO Sells Shares Worth $1.8 Million?
The Motley Fool· 2025-11-02 22:16
Core Insights - Enova's CFO Steven E. Cunningham sold 14,874 shares for approximately $1.8 million on October 29, 2025, following an option exercise [1][2] - The transaction occurred during a period of strong stock performance, with a 36.54% price increase over the past year [5][7] Transaction Details - The sale involved the exercise of 11,436 stock options, with proceeds likely covering tax and exercise costs, while providing liquidity [3] - Post-transaction, Cunningham retains 127,719 shares valued at approximately $15.5 million [6] Market Context - The weighted average sale price was $120.70 per share, reflecting a strong market environment [5] - The sale represented 10.43% of Cunningham's direct holdings, consistent with his recent transaction patterns [4] Company Performance - Enova reported a 16% year-over-year revenue increase in Q3, reaching $803 million, and a 93% rise in diluted EPS to $3.03 [10] - The company's market capitalization stands at $3.0 billion, with a TTM revenue of $2.93 billion and net income of $256.20 million [7] Business Overview - Enova International specializes in online financial services, including installment loans and lines of credit, targeting near-prime consumers and small businesses [8][9] - The company employs a technology-driven model leveraging analytics for underwriting and servicing loans, enhancing its competitive position in the non-bank lending sector [9]