Enova International (NYSE:ENVA) Issues Quarterly Earnings Results

Enova International (NYSE:ENVA) released its earnings results on Thursday. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.32, FiscalAI reports. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The business had revenue of $928.93 million during the quarter, compared to analysts’ expectations of $909.61 million. During the same period last year, the business earned $3.23 earnings per share. The firm’s revenue was up 21.6% on a year-over-year basis.

Here are the key takeaways from Enova International’s conference call:

• Enova reported a strong second quarter, with originations up 27% year over year to nearly $2.3 billion and revenue up 22% to $929 million, both ahead of expectations.
• Credit performance improved across the business: consolidated net charge-offs fell to 7.3%, consumer net charge-offs declined to 12.8%, and small business credit remained stable at 4.8%.
• The company delivered another period of strong profitability, with adjusted EPS up 33% year over year to $4.31 and its eighth straight quarter of 30%+ EPS growth.
• Management raised full-year guidance, now expecting 2026 revenue growth of 20%-25% and adjusted EPS growth of 30%-35%, while Q3 revenue is seen roughly 25% higher year over year.
• Enova said it remains in a constructive regulatory dialogue on the pending Grasshopper Bank acquisition and continues to expect a closing later this year, with integration planning largely complete.

Enova International Price Performance

ENVA stock traded down $3.82 during mid-day trading on Thursday, hitting $218.67. The stock had a trading volume of 466,657 shares, compared to its average volume of 393,791. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45. Enova International has a 52 week low of $99.61 and a 52 week high of $246.38. The firm has a market capitalization of $5.44 billion, a P/E ratio of 17.29 and a beta of 1.21. The firm has a fifty day simple moving average of $200.09 and a 200 day simple moving average of $169.08.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ENVA. Citizens Jmp lifted their target price on Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, June 26th. Jefferies Financial Group raised their price target on shares of Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. BTIG Research increased their target price on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.67.

Insider Activity

In other Enova International news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the transaction, the director directly owned 50,029 shares in the company, valued at $10,074,339.73. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William M. Goodyear sold 3,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the transaction, the director directly owned 50,820 shares of the company’s stock, valued at $9,555,176.40. This trade represents a 6.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 106,882 shares of company stock worth $19,757,389. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENVA. EverSource Wealth Advisors LLC increased its position in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 350 shares in the last quarter. California State Teachers Retirement System boosted its position in Enova International by 0.4% in the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock valued at $2,706,000 after buying an additional 105 shares in the last quarter. Horizon Investments LLC boosted its position in Enova International by 5.9% in the third quarter. Horizon Investments LLC now owns 14,054 shares of the credit services provider’s stock valued at $1,617,000 after buying an additional 789 shares in the last quarter. Danske Bank A S bought a new stake in shares of Enova International during the third quarter worth $991,000. Finally, Informed Momentum Co LLC acquired a new position in shares of Enova International during the fourth quarter worth $6,243,000. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.