Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; income share agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan. It also provides Enova Decisions, an analytics as a service designed to automate or augment customer decisions, which include credit risk, fraud risk, identity verification, customer profitability, payments, and collection. The company markets its financing products under the CashNetUSA, NetCredit, OnDeck, Headway Capital, The Business Backer, and Simplic names. Enova International, Inc. was incorporated in 2011 and is headquartered in Chicago, Illinois.
IPO Year: 2014
Exchange: NYSE
Website: enova.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/26/2024 | Buy → Neutral | Janney | |
| 8/14/2024 | $90.00 | Buy | BTIG Research |
| 1/10/2024 | $57.00 | Market Perform | BMO Capital Markets |
| 11/1/2023 | $45.00 | Market Perform | TD Cowen |
| 3/14/2022 | $49.00 | Neutral → Buy | Janney |
| 2/11/2022 | $46.00 → $48.00 | Buy → Neutral | Janney |
| 2/7/2022 | $55.00 | Hold → Buy | Maxim Group |
| 2/7/2022 | $48.00 → $54.00 | Market Outperform | JMP Securities |
Strong top-line growth with total company revenue increasing 25% and originations increasing 28% from the third quarter of 2023Diluted earnings per share of $1.57 increased 22% and adjusted earnings per share of $2.45 increased 63% compared to the third quarter of 2023Credit performance remained strong compared to a year ago with lower consolidated net charge-off and delinquency ratios, a stable net revenue margin and a higher fair value premium on the total company portfolioLiquidity, including cash and marketable securities and available capacity on facilities, totaled $1.2 billion at September 30CHICAGO, Oct. 22, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial se
CHICAGO, Oct. 8, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced the company's third quarter 2024 financial results will be released after the market close on Tuesday, October 22, 2024. Enova will host a conference call to discuss its results at 4 p.m. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations website at http://ir.enova.com, along with the company's earnings press rele
CHICAGO, Sept. 26, 2024 /PRNewswire/ -- Small businesses are overwhelmingly optimistic about their future growth, according to the latest Small Business Cash Flow Trend Report from OnDeck, the leading small business lending company at Enova (NYSE:ENVA) and Ocrolus, the document AI and cash flow analytics platform for lenders. Key findings include: Optimism and Growth. A large majority of small businesses remain optimistic about business growth opportunities over the next 12 months.Payments: The use of alternative and digital payment methods continues to grow, as 60.8% of busin
CHICAGO, Aug. 12, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE:ENVA) ("Enova" or the "Company"), a leading financial services company powered by machine learning and world-class analytics, today announced that its Board of Directors has authorized a new share repurchase program totaling $300 million that expires December 31, 2025. Enova's existing $300 million repurchase program that would have expired on December 31, 2024 will terminate and be replaced by this new program. "The board's authorization of a new $300 million share repurchase program and our balance sheet
CHICAGO, Aug. 12, 2024 /PRNewswire/ -- Today, Enova International, Inc. (NYSE:ENVA) ("Enova" or the "Company"), a leading financial services company powered by machine learning and world-class analytics, issued $500 million in aggregate principal amount of Senior Notes due 2029 (the "Notes"). The Notes were offered at a price of 100.000% of the principal amount and will bear interest at 9.125% per annum. Enova is using the net proceeds from the offering of the Notes (1) to repurchase its outstanding series of senior notes due 2025 (the "2025 Notes") pursuant to the previously
CHICAGO, Aug. 12, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE:ENVA) ("Enova" or the "Company") announced today the early tender results in connection with its previously announced cash tender offer (the "Tender Offer") for any and all of the outstanding U.S.$375,000,000 aggregate principal amount of its 8.500% Senior Notes due 2025 (the "Notes"). The Company also announced receipt of the requisite consents in connection with its previously announced consent solicitation (the "Consent Solicitation") from the holders of the Notes (the "Holders") for the adoption of Proposed Amendments (as defined below). The terms and conditions of the Tender Offer and the Consent Solicitation are de
CHICAGO, Aug. 7, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial services company powered by machine learning and world-class analytics, announced today that Lindsay Corby will join Enova's Board of Directors, effective immediately. "We are excited to welcome Lindsay to Enova's Board," said David Fisher, Enova CEO. "Her extensive financial industry experience will be a tremendous asset as we continue to execute our focused growth strategy and deliver value to shareholders." Corby currently serves as Chief Financial Officer at Chicago Trading Company.
CHICAGO, July 29, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE:ENVA) ("Enova" or the "Company") today announced that it intends to offer, subject to market and other customary conditions, $400.0 million in aggregate principal amount of senior notes due 2029 (the "Notes"). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by Enova's existing and future domestic subsidiaries, subject to certain exceptions including for its securitization subsidiaries. The Notes and the related guarantees will be senior unsecured obligations of Enova and the guarantors.
CHICAGO, July 29, 2024 /PRNewswire/ -- Enova International, Inc. (NYSE:ENVA) ("Enova" or the "Company") announced today that it has commenced a cash tender offer (the "Tender Offer") for any and all of the outstanding U.S.$375,000,000 aggregate principal amount of its 8.500% Senior Notes due 2025 (the "Notes"). In conjunction with the Tender Offer, the Company is also soliciting consents (the "Consent Solicitation") from the holders of the Notes for the adoption of proposed amendments (the "Proposed Amendments"), which would, among other things, (i) eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture govern
Total revenue increased 26% from the second quarter of 2023 to $628 millionDiluted earnings per share and adjusted earnings per share increased 29% and 28% from the second quarter of 2023 to $1.93 and $2.21, respectivelyTotal company combined loans and finance receivables increased 25% from the end of second quarter of 2023 to a record $3.6 billion as total company originations were $1.4 billion for the quarterContinued solid credit performance and outlook with a second quarter net revenue margin of 59%Liquidity, including cash and marketable securities and available capacity on facilities, totaled $891 million at June 30Repurchased approximately $62 million of common stock under the company
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Strong top-line growth with total company revenue increasing 25% and originations increasing 28% from the third quarter of 2023Diluted earnings per share of $1.57 increased 22% and adjusted earnings per share of $2.45 increased 63% compared to the third quarter of 2023Credit performance remained strong compared to a year ago with lower consolidated net charge-off and delinquency ratios, a stable net revenue margin and a higher fair value premium on the total company portfolioLiquidity, including cash and marketable securities and available capacity on facilities, totaled $1.2 billion at September 30CHICAGO, Oct. 22, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial se
CHICAGO, Oct. 8, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced the company's third quarter 2024 financial results will be released after the market close on Tuesday, October 22, 2024. Enova will host a conference call to discuss its results at 4 p.m. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations website at http://ir.enova.com, along with the company's earnings press rele
Total revenue increased 26% from the second quarter of 2023 to $628 millionDiluted earnings per share and adjusted earnings per share increased 29% and 28% from the second quarter of 2023 to $1.93 and $2.21, respectivelyTotal company combined loans and finance receivables increased 25% from the end of second quarter of 2023 to a record $3.6 billion as total company originations were $1.4 billion for the quarterContinued solid credit performance and outlook with a second quarter net revenue margin of 59%Liquidity, including cash and marketable securities and available capacity on facilities, totaled $891 million at June 30Repurchased approximately $62 million of common stock under the company
CHICAGO, July 9, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial services company powered by machine learning and world-class analytics, today announced the company's second quarter 2024 financial results will be released after the market close on Tuesday, July 23, 2024. Enova will host a conference call to discuss its results at 4 p.m. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations website at http://ir.enova.com, along with the company's earnings press releas
Total revenue increased 26% from the first quarter of 2023 to $610 millionDiluted earnings per share and adjusted earnings per share increased 5% and 7% from the first quarter of 2023 to $1.64 and $1.91, respectivelyTotal company combined loans and finance receivables increased 23% from the end of first quarter of 2023 to a record $3.5 billion as total company originations were $1.4 billion for the quarterContinued solid credit performance and outlook with a first quarter net revenue margin of 57%Liquidity, including cash and marketable securities and available capacity on facilities, totaled $738 million at March 31Repurchased $139 million of common stock under the company's share repurchas
CHICAGO, April 9, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's first quarter 2024 financial results will be released after the market close on Tuesday, April 23, 2024. Enova will host a conference call to discuss its results at 4 p.m. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations website at http://ir.enova.com, along with the company's earnings press rel
Total revenue increased 20% from the fourth quarter of 2022 to $584 millionDiluted earnings per share totaled $1.13 and adjusted earnings per share totaled $1.83Total company combined loans and finance receivables increased 16% from the end of fourth quarter of 2022 to $3.3 billion as total company originations reached a quarterly record of $1.4 billionContinued solid credit performance and outlook with a fourth quarter net revenue margin of 56% and a sequential increase in the fair value of the consolidated portfolio as a percentage of principal to 115% at December 31Liquidity, including cash and marketable securities and available capacity on facilities, totaled $870 million at December 31
CHICAGO, Jan. 16, 2024 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial technology company powered by machine learning and world-class analytics, today announced the company's fourth quarter and full year 2023 financial results will be released after the market close on Tuesday, January 30, 2024. Enova will host a conference call to discuss its results at 4 p.m. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations website at http://ir.enova.com, along with the company's e
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. Central Time / 5 p.m. Eastern Time the same day. The live webcast of the call can be accessed at the Enova International Investor Relations website at http://ir.enova.com, along with the company's earnings press r
Total revenue increased 22% from the second quarter of 2022 to $499 millionStrong profitability with diluted earnings per share of $1.50 and adjusted earnings per share of $1.72Total 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 quarterContinued 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
The AAS Group announces change in top leadership: Steve Tosh joins as new President. LAKEWOOD, Colo., June 2, 2022 /PRNewswire-PRWeb/ -- American Auto Shield announced today that Steve Tosh has been appointed as President of the AAS Group and its operating entities effective May 30, 2022. As an experienced business leader, Mr. Tosh will succeed Ted Terry, who has decided to step down as President of the organization after 15 years. Mr. Terry will stay involved in daily operations for a short period and continue to serve as Chairman of the Board of Directors indefinitely. Mr. Tosh, an energetic business leader, brings a wealth of senior management experience. He has an extensive background in
CHICAGO, May 3, 2021 /PRNewswire/ -- Enova International (NYSE:ENVA), a leading financial technology company powered by machine learning and artificial intelligence, today announced the postponement of its 2021 Annual Meeting of Stockholders (the "Annual Meeting") that was previously to be held on May 11, 2021, at 9:30 a.m. Central Time. The meeting will be rescheduled for a date yet to be determined by the Board of Directors, in order to give its stockholders the opportunity to vote on a proposal to ratify the appointment of Deloitte as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021. Deloitte was selected following a competitive prop
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Janney downgraded Enova International from Buy to Neutral
BTIG Research initiated coverage of Enova International with a rating of Buy and set a new price target of $90.00
BMO Capital Markets initiated coverage of Enova International with a rating of Market Perform and set a new price target of $57.00
TD Cowen initiated coverage of Enova International with a rating of Market Perform and set a new price target of $45.00
Janney upgraded Enova International from Neutral to Buy and set a new price target of $49.00
Janney downgraded Enova International from Buy to Neutral and set a new price target of $48.00 from $46.00 previously
Maxim Group upgraded Enova International from Hold to Buy and set a new price target of $55.00
JMP Securities reiterated coverage of Enova International with a rating of Market Outperform and set a new price target of $54.00 from $48.00 previously
Stephens & Co. downgraded Enova International from Overweight to Equal-Weight and set a new price target of $44.00 from $32.00 previously
JMP Securities reiterated coverage of Enova International with a rating of Outperform and set a new price target of $38.00 from $28.00 previously
TD Cowen analyst Moshe Orenbuch maintains Enova International (NYSE:ENVA) with a Hold and raises the price target from $70 to $76.
JMP Securities analyst David Scharf maintains Enova International (NYSE:ENVA) with a Market Outperform and raises the price target from $78 to $93.
Enova International (NYSE:ENVA) reported quarterly earnings of $2.21 per share which beat the analyst consensus estimate of $2.07 by 6.76 percent. The company reported quarterly sales of $628.436 million which beat the analyst consensus estimate of $622.927 million by 0.88 percent. This is a 25.83 percent increase over sales of $499.431 million the same period last year.
Maxim Group analyst Michael Diana maintains Enova International (NYSE:ENVA) with a Buy and raises the price target from $70 to $78.
BMO Capital analyst James Fotheringham maintains Enova International (NYSE:ENVA) with a Market Perform and raises the price target from $60 to $62.
Ratings for Enova International (NYSE:ENVA) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $71.25, with a high estimate of $78.00 and a low estimate of $59.00. This current average r
JMP Securities analyst David Scharf maintains Enova International (NYSE:ENVA) with a Market Outperform and raises the price target from $73 to $78.
Enova International (NYSE:ENVA) reported quarterly earnings of $1.91 per share which beat the analyst consensus estimate of $1.72 by 11.05 percent. This is a 14.37 percent increase over earnings of $1.67 per share from the same period last year. The company reported quarterly sales of $609.889 million which beat the analyst consensus estimate of $584.416 million by 4.36 percent. This is a 26.20 percent increase over sales of $483.256 million the same period last year.
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Jefferies analyst John Hecht maintains Enova International (NYSE:ENVA) with a Buy and raises the price target from $70 to $75.