Curo Group (ticker: CURO) announced a strong first quarter after the close. Revenue of $290MM was up 48% and beat analyst estimates of $274MM. Adjusted earnings of $.15 also beat expectations by $.03. Like Enova International (ticker: ENVA), Curo is regrowing the loan book after a lack of economic activity caused by Covid shutdowns reduced … Read more
Enova International (ENVA) just announced an increased stock buyback of $100 million. The company had $27 million left on its existing buyback authorization so this represents an increase of $73 million. Given how cheap the stock is and that last quarter represented an all-time high for loan originations, we like the move.