PRA Group

PRA Group, Inc. engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States. The company was founded by Steven D. Fredrickson and Kevin P. Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

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PRA Group reports resilient Q4 performance and eyes strategic growth

PRA Group showcased solid financial performance in Q4 2022 with strong cash collections and improved cost management. The company celebrated milestones and discussed strategic achievements.
While facing challenges like inconsistent fresh flows and rising costs, PRA Group is poised for growth with opportunities in M&A, debt purchases, and digital collections.
Efficiency gains through digital initiatives and a focus on strategic objectives position PRA Group for continued success and expansion in the market.

PRA Group reports Q1 loss, eyes legal collections for growth

PRA Group faces challenges in the US market but remains optimistic about future performance and growth opportunities. Legal collections are on the rise, impacting costs compared to call center collections. The company's strategic focus on seller relationships and market growth aims to address economic challenges.
Despite a net loss and decreased cash collections, PRA Group's strong foundation, global presence, and confidence in strategic objectives position it well for future success. The company's investments in the Americas and Europe signal expectations of growing ERC levels and improved supply environment.

PRA Group excels in Q2 2023 with focus on profitability

PRA Group's Q2 2023 earnings call highlighted a mix of successes and challenges, with a clear focus on profitability, shareholder value creation, and operational improvements.

PRA Group maintains stability in Europe, focuses on operational enhancements

PRA Group's Q3 2023 earnings call highlighted stable performance in Europe and strategic initiatives in the U.S. to enhance collections. The company's strong capital structure and focus on operational effectiveness are key strengths. Challenges include efficiency improvements and market dynamics, while opportunities lie in outsourcing strategies and portfolio purchases.

PRA Group reports robust Q4 earnings, eyes growth amid challenges

PRA Group delivered strong financial results in Q4 2023, driven by portfolio income growth and effective debt collection strategies.
Despite cautionary statements on risks, the company's solid capital structure and growth in portfolio value position it well for future opportunities.
Challenges lie in achieving targeted returns and sustaining growth momentum amidst market uncertainties, while opportunities exist for expansion and cost optimization.

PRA Group reports robust Q1 earnings, eyes U.S. expansion for growth

PRA Group delivered a solid performance in Q1 2024, driven by strong revenues, cash collections, and strategic investments in the U.S.
Efficient cost management, robust portfolio purchases, and a focus on profitability pillars position the company for continued growth and value creation.
While facing challenges in maintaining growth targets and managing expenses, PRA Group's strong financial position and strategic outlook offer opportunities for sustained performance and shareholder value.

PRA Group reports robust Q2 performance amidst strategic investments

PRA Group's Q2 2024 performance showed strong cash collections growth and strategic investments.
While challenges like rising legal collection costs exist, opportunities in global expansion and portfolio investments are promising.
The company aims for sustained growth with 2024 targets set for portfolio investments and ROATE.
Overall, PRA Group's financials reflect a balance between performance, strengths, challenges, and opportunities.

PRA Group (PRAA) reports robust Q3 performance and sets ambitious 2025 goals

PRA Group delivered impressive financial results in Q3 2024, with notable increases in revenues, cash collections, and portfolio purchases. While facing challenges related to operational aspects and cost management, the company remains focused on leveraging opportunities for growth and profitability in the upcoming year.

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NORFOLK, Va. , Oct. 13, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its third quarter 2022 results after market close on Thursday, November 3, 2022, followed by a webcast and conference call at 5 p.m.

PRA Group to Announce Third Quarter 2022 Results on November 3

NORFOLK, Va. , Oct. 11, 2022 /PRNewswire/ -- Today Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA), delivered the keynote address at the Virginia Chamber of Commerce's 2022 Virginia Education and Workforce Conference in Richmond, Va.

PRA Group's Kevin Stevenson Gives Virginia Chamber's Capstone Speech on Investing in Education

NORFOLK, Va. , Sept. 14, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans ("NPLs"), today published a new investor presentation, which provides an overview of the Company's business, industry, financials, and other relevant information.

PRA Group Publishes New Investor Presentation

PRA Group (PRAA) reported earnings 30 days ago. What's next for the stock?

PRA Group (PRAA) Down 6.5% Since Last Earnings Report: Can It Rebound?

PRA Group's Kevin Stevenson honored for third consecutive year as Virginia leader NORFOLK, Va. , Sept. 1, 2022 /PRNewswire/ -- Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA), has been named to Virginia Business Magazine's Virginia 500 Power List for 2022-23.

Virginia 500 Power List Recognizes PRA Group President and CEO

Global company's management team receives premier workplace recognition NORFOLK, Va. , Aug. 22, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, was named the winner of a Bronze Stevie® Award for Management Team of the Year in the 19th Annual International Business Awards® today.

PRA Group Wins Bronze Stevie® Award in 2022 International Business Awards®

PRA Group (PRAA) expects the credit card charge-off rates to increase in the coming days, as the current level is unsustainable.

PRA Group (PRAA) Up 1.5% Since Q2 Earnings Beat Estimates

PRA Group, Inc. (NASDAQ:PRAA ) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Lauren Partin - Vice President of Global Financial Planning & Analysis Kevin Stevenson - President & Chief Executive Officer Peter Graham - Executive Vice President & Chief Financial Officer Conference Call Participants Bob Napoli - William Blair Mark Hughes - Truist Securities Robert Dodd - Raymond James David Scharf - JMP Securities Operator Good afternoon, and welcome to the PRA Group conference call. [Operator Instructions] Note, this event is being recorded.

PRA Group, Inc. (PRAA) CEO Kevin Stevenson on Q2 2022 Results - Earnings Call Transcript

PRA Group (PRAA) delivered earnings and revenue surprises of 71.70% and 10.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

PRA Group (PRAA) Q2 Earnings and Revenues Surpass Estimates

NORFOLK, Va. , Aug. 8, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2022 ("Q2 2022").

PRA Group Reports Second Quarter 2022 Results

NORFOLK, Va., Aug. 5, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, has named LaTisha Tarrant as Chief Human Resources Officer (CHRO), effective Aug. 15.

PRA Group Leader LaTisha Tarrant Named Chief Human Resources Officer

NORFOLK, Va. , July 28, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, today welcomes Giovanna Genard as vice president of external affairs and marketing leader.

External Affairs Leader Giovanna Genard to Drive PRA Group's Global Communication Strategy

NORFOLK, Va. , July 20, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Najim Mostamand, CFA, as vice president of investor relations.

PRA Group Welcomes Najim Mostamand, CFA, to Lead Investor Relations Strategy and Enhance Shareholder Value

NORFOLK, Va. , July 18, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2022 results after market close on Monday, August 8, 2022, followed by a webcast and conference call at 5 p.m.

PRA Group to Announce Second Quarter 2022 Results on August 8

Nonperforming Loan Purchaser Recognized for COVID-19 Response and CSR Achievements NORFOLK, Va. , June 13, 2022 /PRNewswire/ -- PRA Group, Inc.  (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans was named the winner of two Bronze Stevie® Awards in the Most Valuable Corporate COVID-19 Response and Corporate Social Responsibility Program of the Year categories in The 20th Annual American Business Awards®.

PRA Group Honored as Bronze Stevie® Award Winner for 2 Categories in the 2022 American Business Awards®

PRA Group (PRAA) Down 5.8% Since Last Earnings Report: Can It Rebound?

NORFOLK, Va. , June 6, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced it will partner with Truist to offer U.S. employees a financial wellness program to build financial confidence.

PRA Group Expands Employee Benefits to Include Financial Wellness Program

NORFOLK, Va. , May 31, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will present to investors attending the William Blair 42nd Annual Growth Stock Conference on Tuesday, June 7, 2022, at 1:00pm ET.

PRA Group to Present at the William Blair 42nd Annual Growth Stock Conference

Company Launches Partnership During Military Appreciation Month NORFOLK, Va., May 31, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, is pleased to announce it has partnered with America's VetDogs, a national nonprofit that trains and places service dogs with veterans and first responders with disabilities.

PRA Group Names America's VetDogs Puppy, "Ace"

NORFOLK, Va. , May 20, 2022 /PRNewswire/ -- Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, was recognized for his proven track record of outstanding leadership, exemplary service and advocacy for positive change during the Community Builders Award ceremony yesterday evening.

PRA Group President and CEO Honored with Community Builders Award

PRA Group (PRAA) expects the sales volume to increase by 2022 end, which will boost its quarterly performances.

PRA Group (PRAA) Down 6.8% Since Q1 Earnings Beat: Here's Why

NORFOLK, Va. , May 16, 2022 /PRNewswire/ -- Mental Health Awareness Month was designated in the U.S. to nationally decrease the stigma surrounding mental health and encourage open conversation to prevent suicides, violence, depression and other problems associated with low mental health.

Mental Well-Being Group Builds Awareness and Support for PRA Group Employees Worldwide

NORFOLK, Va., May 11, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the promotion of Jan Husby to the position of Chief Information Officer (CIO) of PRA Group.

PRA Group Announces Jan Husby as Global Chief Information Officer

PRA Group, Inc. (NASDAQ:PRAA ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Lauren Partin - Vice President of Global Financial Planning and Analysis Kevin Stevenson - President and Chief Executive Officer Peter Graham - Executive Vice President and Chief Financial Officer Conference Call Participants Mark Hughes - Truist Securities Spencer James - William Blair Robert Dodd - Raymond James Operator Good evening and welcome to the PRA Group First Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Ms.

PRA Group, Inc. (PRAA) CEO Kevin Stevenson on Q1 2022 Results - Earnings Call Transcript

PRA Group (PRAA) delivered earnings and revenue surprises of 31.08% and 4.02%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

News for PRA Group Stock (PRAA)