Depth Check – Enova International (ENVA) – 3Q Earnings Support the Investment Thesis

Overview: Last week, Enova International (ticker: ENVA) announced third quarter earnings.  The headline numbers were strong with revenue of $320MM up 57% from last year and beating analyst estimates of $286MM.  Adjusted Earnings of $1.50 were down from $2.97 last year and beat analyst estimates of $1.11.  We’ll go over the reason for the drop…...

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Depth Check– Enova International (ENVA) – Specialty Finance in a Rising Rate Environment

Overview: The biggest question in finance today relates to the Federal Reserve and interest rates. We’ve had years of rates at or around 0%, and unprecedented creation of dollars. Now, with inflation starting to rise, unemployment coming down, and widespread re-opening of the economy, it’s apparent that the Fed will need to raise interest rates … Read more

Depth Check– Enova International (ENVA) – Less Risky Than We Initially Thought

Overview: A few weeks ago, we recommended purchase of Enova International (ticker: ENVA). While we are positive on the company, we did express some concerns in the initial report: We do note concern regarding 1Q loan growth, entry of lower-priced traditional banks and credit unions into Enova’s market, and a much longer than usual risk … Read more

The Depth Report – Enova International (ENVA) – Tested in Bad Times with Great Risk/Reward

Overview: Enova International (Ticker: ENVA) is a specialty finance/fintech company that provides short-term loans in the non-prime space; typically, sub-prime and near-prime. Customers include the large and growing number of consumers and small businesses who have bank accounts, but use alternative financial services because of their limited access to more traditional credit from banks, credit…...

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