Jefferies resumed coverage on CURO Group with a new price target
$CURO
Finance: Consumer Services
Finance
Jefferies resumed coverage of CURO Group with a rating of Buy and set a new price target of $25.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2024 | Buy → Hold | Jefferies | |
| 2/24/2023 | $7.00 → $4.00 | Neutral → Underperform | Credit Suisse |
| 11/3/2022 | Buy → Neutral | Janney | |
| 7/26/2022 | $15.00 | Buy | Jefferies |
| 12/30/2021 | $29.00 → $26.00 | Outperform | Credit Suisse |
| 12/30/2021 | $25.00 | Buy | Jefferies |
| 11/18/2021 | $26.00 → $29.00 | Outperform | Credit Suisse |
| 7/30/2021 | $27.00 → $26.00 | Outperform | Credit Suisse |
-Gross loans receivables increased 3.3%, year-over-year, and 3.3%, sequentially, to $1.3 billion- -Total fourth quarter revenue of $168.2 million- -Net charge-off improvement of 440 bps, year-over-year, and 120 bps, sequentially, to 16.5%- -Cancels earnings conference call previously scheduled for Wednesday, February 7, 2024- CURO Group Holdings Corp. (NYSE:CURO) ("CURO" or the "Company"), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced preliminary financial results for its fourth quarter and full year ended December 31, 2023. "Throughout 2023, we executed on our plan to enhance our underwriting and credit performance and simplify
CURO Group Holdings Corp. (NYSE:CURO) ("CURO"), an omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that its fourth quarter and full year 2023 financial results will be released before market open on Wednesday, February 7, 2024. CURO will host a conference call to discuss its results at 8:00 a.m. Eastern Time on Wednesday, February 7. 2024. The live webcast of the call can be accessed at the CURO Investors website at http://ir.curo.com/, along with CURO's earnings press release, and presentation slides. You may access the call at 1-646-960-0383 (Toll free: 1-888-210-4659; Conference ID: 7865680). Please ask to join the CURO Group Holdings c
-Gross loans receivables increased 2% sequentially to $1.25 billion- -Total revenue of $167.9 million- -Net charge-off improvement of 110 bps to 17.7%- CURO Group Holdings Corp. (NYSE:CURO) ("CURO" or the "Company"), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced financial results for its third quarter ended September 30, 2023. "The third quarter marked another significant milestone with the sale of the Flexiti business which allows us to focus on being an industry leader in Direct Lending in the U.S. and Canada," said Doug Clark, Chief Executive Officer at CURO. "We completed our conversion to a single loan management system acros
RSA Supported by More Than 74% of each of 1L Lenders, 1.5L Noteholders and 2L Noteholders Filed Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan Restructuring Plan Expected to Reduce Debt by ~$1 billion, Saving ~$75 million in Cash Interest Annually and Enabling CURO to Invest in Long-Term Growth All CURO Branches Are Open and Operating As Usual; Customer Loans Unaffected Secures $70 Million in Debtor-in-Possession Financing CURO Group Holdings Corp. (OTC:CURO) ("CURO" or the "Company") today announced that, on March 22, 2024, it entered into a Restructuring Support Agreement ("RSA") that is supported by holders (or their investment managers) of more than 7
CURO Group Holdings Corp. (OTC:CURO) ("CURO" or the "Company"), an omni-channel consumer finance company serving consumers in the United States and Canada, today announced that it has received notice on behalf of certain holders of the Company's 7.500% Senior 1.5 Lien Secured Notes due 2028 (the "1.5L Noteholders") and certain holders of the Company's 7.500% Senior Secured Notes due 2028 (the "2.0L Noteholders") that the requisite 1.5L Noteholders and requisite 2.0L Noteholders, in each case, consent to an extension of the scheduled expiration date under the forbearance agreements entered into on March 1, 2024 (the "Amendments to the Forbearance Agreements") and that lenders (together with
CURO Group Holdings Corp. (NYSE:CURO) ("CURO" or the "Company"), an omni-channel consumer finance company serving consumers in the United States and Canada, today announced that it entered into forbearance agreements (the "Forbearance Agreements") with the holders of approximately 84% of the outstanding aggregate principal amount of the Company's 7.500% Senior 1.5 Lien Secured Notes due 2028 (the "1.5L Noteholders") and the holders of approximately 74% of the outstanding aggregate principal amount of the Company's 7.500% Senior Secured Notes due 2028 (the "2.0L Noteholders") and that it obtained a waiver (the "Waiver") of certain events of default from lenders holding more than 80% in amoun
SC 13G/A - CURO Group Holdings Corp. (0001711291) (Subject)
SC 13G/A - CURO Group Holdings Corp. (0001711291) (Subject)
SC 13G/A - CURO Group Holdings Corp. (0001711291) (Subject)
15-12G - CURO Group Holdings Corp. (0001711291) (Filer)
EFFECT - CURO Group Holdings Corp. (0001711291) (Filer)
8-K - CURO Group Holdings Corp. (0001711291) (Filer)
Brings More Than 20 Years of Public Company Experience to CURO's Financial Organization CURO Group Holdings Corp. (NYSE:CURO) ("CURO" or the "Company"), a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, today announced that it has appointed Ismail (Izzy) Dawood as Chief Financial Officer, effective January 3, 2023. He succeeds Roger Dean, who recently retired. Tamara Schulz, who has served as CURO's Interim Chief Financial Officer, will return to her role as Chief Accounting Officer. A public company veteran, Mr. Dawood brings more than 20 years of experience building and leading financial teams, including deep knowledge ac
CURO Group Holdings Corp. (NYSE:CURO) ("CURO"), a tech-enabled, omni-channel consumer finance company serving a full spectrum of non-prime and prime consumers in the U.S. and Canada, today announced Rebecca Fox will lead CURO's legal function when Vin Thomas departs next month to pursue a new career opportunity. Ms. Fox has been with CURO since July 2017 and currently serves as our General Counsel and Chief Privacy Officer. Prior to joining CURO, Ms. Fox served as Sr. Associate General Counsel at Lending Club from 2014 to 2017. Prior to Lending Club, Ms. Fox had extensive and broad experience in the alternative and specialty finance industries. "We have nothing but confidence in Becca's c
- Dow Jones
CURO Group Holdings Corp. (NYSE:CURO) ("CURO" or the "Company"), an omni-channel consumer finance company serving consumers in the United States and Canada, today announced that it entered into forbearance agreements (the "Forbearance Agreements") with the holders of approximately 84% of the outstanding aggregate principal amount of the Company's 7.500% Senior 1.5 Lien Secured Notes due 2028 (the "1.5L Noteholders") and the holders of approximately 74% of the outstanding aggregate principal amount of the Company's 7.500% Senior Secured Notes due 2028 (the "2.0L Noteholders") and that it obtained a waiver (the "Waiver") of certain events of default from lenders holding more than 80% in amount
Jefferies downgraded CURO Group from Buy to Hold
Credit Suisse downgraded CURO Group from Neutral to Underperform and set a new price target of $4.00 from $7.00 previously
Janney downgraded CURO Group from Buy to Neutral
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