Enova Int.

Enova International, Inc. engages in the provision of online financial services. Its products and services include short-term consumer loan, line of credit accounts, instalment loans, receivables purchase agreements, credit services organization program, bank program, and decision management platform-as-a-service & analytics-as-a-service. It caters non-prime credit consumers and small businesses in the United States and Brazil. The company was founded by Albert Goldstein and Alexander Goldstein in 2003 and is headquartered in Chicago, IL.

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Enova International excels in Q4 2022, eyes growth opportunities

Enova International's Q4 2022 earnings call highlighted strong financial performance, strategic shifts towards consumer line of credit products, and growth opportunities in 2023.
The company's focus on credit risk management, SMB business expansion, and shareholder value creation positions them well for future success.
While challenges include balancing growth and risk, Enova's strengths in diversification, product mix, and market positioning offer a solid foundation for navigating the evolving economic landscape.

Enova International excels in Q1 2023, eyes growth opportunities

Enova International delivered strong financial performance in Q1 2023, showcasing growth in revenue, EBITDA, and EPS, driven by a focus on small business and consumer segments.
The company's emphasis on credit metrics, efficient cost management, and strategic growth plans position it well to navigate challenges and capitalize on opportunities.
With a commitment to balancing growth and risk, Enova International remains confident in its ability to adapt to market dynamics and create value for shareholders.

Enova International reports strong Q2 results, poised for strategic growth

Enova International demonstrated robust financial performance in Q2 2023, marked by significant revenue growth, improved credit quality, and strong liquidity. The company's strategic focus on consumer products and efficient operations underpin its growth prospects and resilience.
While facing challenges such as high operating costs and the need to sustain credit quality improvements, Enova has opportunities to leverage its capital strength, product strategy, and operational efficiency for future growth and market expansion.

Enova Int. reports record Q3 results, eyes growth opportunities in Q4

Enova Int. delivered strong Q3 results with record originations and revenue, despite lower adjusted EPS. The company's focus on credit performance, excess liquidity, and share repurchase program highlights financial stability. Opportunities for revenue and EPS growth in Q4 exist through portfolio evaluation and fair value accounting.

Enova International reports robust Q4 earnings and strategic growth plans

Enova International's Q4 2023 earnings call highlighted strong financial performance, with revenue growth, improved credit metrics, and strategic financial maneuvers. The company's outlook for 2024 underscores a focus on stable credit, growth in originations, and enhancing shareholder value through profitable growth strategies.

Enova International reports robust Q1 results and anticipates sequential EPS growth

Enova International's Q1 performance reflects strong growth in originations and revenue, supported by a robust balance sheet and prudent risk management.
While challenges in the non-prime lending landscape persist, Enova's focus on efficient expense management and sustained asset quality bodes well for future profitability.
With opportunities for further growth and a positive outlook for Q2, Enova remains well-positioned to drive shareholder value and navigate market dynamics.

Enova International excels in Q2 2024, eyes growth amid economic optimism

Enova International's Q2 2024 earnings call reflects a successful quarter marked by strong financial performance, growth in originations, and improved profitability. The company's focus on talent, analytics, and product offerings has driven revenue growth and solid credit quality, positioning Enova for continued success amidst economic opportunities and challenges.

Enova International reports stellar Q3 results, eyes sustained growth

Enova International's Q3 results underscore a robust operational performance, marked by record originations and revenue growth above 25% in key metrics.
The company's strong credit quality, focus on shareholder value, and solid financial position position it well for sustained growth and capital return initiatives.
While challenges in expense management and market dynamics persist, Enova's strategic focus on efficiency and growth opportunities bode well for future performance.

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Enova International Inc.'s stock ENVA, -0.11% was down by 0.9% on Wednesday after the Chicago-based online lending company said it reached an agreement with the Consumer Financial Protection Bureau (CFPB) to pay a $15 million civil penalty. The company said the agreement came after, “consumer loan processing issues that arose from unintentional technical systems and processing errors which have since been addressed.

Feds fine Enova $15 million for allegedly withdrawing funds from customer bank accounts without their permission and other violations

Errors have been addressed and a settlement, aligned with current Enova business practices, has been reached CHICAGO , Nov. 15, 2023 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, announced today that it has reached an agreement with the Consumer Financial Protection Bureau ("CFPB") regarding consumer loan processing issues that arose from unintentional technical systems and processing errors which have since been addressed. The majority of items were self-reported by Enova to the CFPB and Enova provided appropriate redress to impacted customers.

Enova Reaches Agreement with CFPB on Consumer Loan Processing Errors

CHICAGO , Oct. 31, 2023 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced that Steve Cunningham, Chief Financial Officer, will present via a fireside chat format at the Stephens Annual Investment Conference on Tuesday, November 14, 2023 at 1:00 p.m. Central Time / 2:00 p.m.

Enova To Present at the Stephens Annual Investment Conference

Enova International, Inc. (NYSE:ENVA ) Q3 2023 Earnings Conference Call October 24, 2023 5:00 PM ET Company Participants Lindsay Savarese - Investor Relations David Fisher - Chief Executive Officer Steve Cunningham - Chief Financial Officer Conference Call Participants David Scharf - JMP Securities John Hecht - Jefferies Vincent Caintic - Stephens John Rowan - Janney Operator Hello. And welcome to the Enova Third Quarter 2023 Conference Call.

Enova International, Inc. (ENVA) Q3 2023 Earnings Call Transcript

Enova International (ENVA) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.74 per share a year ago.

Enova International (ENVA) Q3 Earnings Lag Estimates

Total revenue increased 21% from the third quarter of 2022 to a record $551 million Diluted earnings per share totaled $1.29 and adjusted earnings per share totaled $1.50 Total company combined loans and finance receivables increased 15% from the end of third quarter of 2022 to $3.1 billion as total company originations reached a quarterly record of $1.3 billion Continued solid credit performance and outlook with a third quarter net revenue margin of 58% and a sequential increase in the fair value of the consolidated portfolio as a percentage of principal to 114% at September 30 Liquidity, including cash and marketable securities and available capacity on facilities, totaled $952 million at September 30 Repurchased $36 million of common stock under our share repurchase program and purchased and retired $10 million of senior notes during the quarter The Board of Directors authorized a new share repurchase program totaling $300 million that expires December 31, 2024 CHICAGO , Oct. 24, 2023 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced financial results for the third quarter ended September 30, 2023.  "We are pleased to report another strong quarter of origination and revenue growth, driven by solid demand and stable credit," said David Fisher, Enova's CEO.

Enova Reports Third Quarter 2023 Results and New $300 Million Share Repurchase Program

Is Enova International (ENVA) a great pick from the value investor's perspective right now? Read on to know more.

Is Enova International (ENVA) a Great Stock for Value Investors?

CHICAGO , Oct. 10, 2023 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's third quarter 2023 financial results will be released after the market close on Tuesday, October 24, 2023. Enova will host a conference call to discuss its results at 4 p.m.

Enova Announces Date of Third Quarter 2023 Financial Results Conference Call

Enova International (ENVA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Enova International (ENVA) Could Beat Earnings Estimates Again

CHICAGO , Oct. 4, 2023 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) (the "Company"), a leading financial technology company powered by machine learning and world-class analytics, today announced that it has successfully completed its previously announced consent solicitation (the "Consent Solicitation") pursuant to terms and conditions of a Consent Solicitation Statement, dated September 26, 2023 (the "Consent Solicitation Statement") to approve an amendment (the "Proposed Amendment") to the indenture (the "Indenture") governing its outstanding 8.500% Senior Notes due 2025 (the "Notes") in order to increase the Company's ability to make restricted payments in connection with share repurchases and for other corporate purposes. Accordingly, the Company entered into the supplement to the Indenture, which is now effective.

Enova Announces Successful Consent Solicitation for Senior Notes due 2025

CHICAGO , Sept. 26, 2023 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) (the "Company"), a leading financial technology company powered by machine learning and world-class analytics, today announced that it has commenced a consent solicitation (the "Consent Solicitation") pursuant to terms and conditions of a Consent Solicitation Statement, dated September 26, 2023 (as it may be amended or supplemented from time to time, the "Consent Solicitation Statement") to amend the indenture (the "Indenture") governing its outstanding 8.500% Senior Notes due 2025 (the "Notes") in order to increase the Company's ability to make restricted payments in connection with share repurchases and for other corporate purposes.

Enova Announces Consent Solicitation for Senior Notes due 2025

CHICAGO , Aug. 30, 2023 /PRNewswire/ -- Today, the U.S. Chamber of Commerce and Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, announced Enova's sponsorship of the U.S. Chamber of Commerce's "America's Top Small Business" awards and small business summit. The annual event, held in Washington D.C.

Enova and OnDeck Announce Sponsorship of the U.S. Chamber's "America's Top Small Business" Awards and Summit

Enova International, Inc. (NYSE:ENVA ) Q2 2023 Earnings Conference Call July 25, 2023 5:00 PM ET Company Participants Lindsay Savarese – Investor Relations David Fisher – Chief Executive Officer Steve Cunningham – Chief Financial Officer Conference Call Participants David Scharf – JMP John Rowan – Janney Vincent Caintic – Stephens Alexander Villalobos – Jefferies Operator Good afternoon and welcome to the Enova International Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Enova International, Inc. (ENVA) Q2 2023 Earnings Call Transcript

Enova International (ENVA) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.64 per share a year ago.

Enova International (ENVA) Q2 Earnings and Revenues Top Estimates

Total revenue increased 22% from the second quarter of 2022 to $499 million Strong profitability with diluted earnings per share of $1.50 and adjusted earnings per share of $1.72 Total company combined loans and finance receivables increased 20% from the end of second quarter of 2022 to $2.9 billion and total company originations exceeded $1 billion for the seventh consecutive quarter Continued solid credit performance and outlook with a second quarter net revenue margin of 60%, a sequential decline in the quarterly total consolidated portfolio net charge-offs as a percentage of average combined loan and finance receivables to 7.6% and a sequential increase in the fair value of the consolidated portfolio as a percentage of principal to 112% at June 30 At June 30, total liquidity, including cash and marketable securities and available capacity on facilities, totaled $1.1 billion Repurchased $28 million of common stock under our share repurchase program and purchased and retired $26 million of senior notes during the quarter CHICAGO, July 25, 2023 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced financial results for the second quarter ended June 30, 2023.  "This quarter we continued to demonstrate our ability to consistently deliver strong financial results," said David Fisher, Enova's CEO.

Enova Reports Second Quarter 2023 Results

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The improving loan scenario is likely to drive origination volume and revenues for Enova (ENVA) when it reports Q2 earnings results this week.

Enova (ENVA) to Report Q2 Earnings: What's in the Offing?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Enova International (ENVA) Stock?

Enova International (ENVA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Enova International, Inc. (ENVA) Hit a 52 Week High, Can the Run Continue?

CHICAGO , July 11, 2023 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's second quarter 2023 financial results will be released after the market close on Tuesday, July 25, 2023. Enova will host a conference call to discuss its results at 4 p.m.

Enova Announces Date of Second Quarter 2023 Financial Results Conference Call

ENVA has solid fundamentals and positioning to address a very large TAM. Growth may slow down in the near term despite a projected increase in marketing spend. I rate the stock neutral. My target price model suggests a 4% upside at year's end, which is not a compelling return in my view.

Enova: Small Upside, But Not A Screaming Buy

Enova International (ENVA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Enova International (ENVA)

Enova International, Inc. (ENVA) Q1 2023 Earnings Call Transcript.

Enova International, Inc. (ENVA) Q1 2023 Earnings Call Transcript

Enova International (ENVA) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.67 per share a year ago.

Enova International (ENVA) Beats Q1 Earnings Estimates

Total revenue increased 25% from the first quarter of 2022 to $483 million Strong profitability with diluted earnings per share of $1.56 and adjusted earnings per share of $1.79 Total company combined loans and finance receivables increased 28% from the end of first quarter of 2022 to $2.8 billion and total company originations increased 2% from the first quarter of 2022 to $1.1 billion Continued solid credit performance and outlook with a first quarter net revenue margin of 59%, a sequential decline in the quarterly total consolidated portfolio net charge-offs as a percentage of average combined loan and finance receivables to 8.2% and a sequential increase in the fair value of the consolidated portfolio as a percentage of principal to 111% at March 31 At March 31, total liquidity, including cash and marketable securities and available capacity on facilities, totaled $905 million Repurchased $17 million of common stock under our share repurchase program and purchased and retired $44 million of senior notes during the quarter CHICAGO , April 25, 2023 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology company powered by machine learning and artificial intelligence, today announced financial results for the first quarter ended March 31, 2023.  "We delivered another quarter of solid top- and bottom-line results, with our balanced approach to growth enabling us to successfully navigate the current macroeconomic backdrop," said David Fisher, Enova's CEO.

News for Enova Int. Stock (ENVA)