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Enova Intl Inc - ENVA STOCK NEWS

Welcome to our dedicated page for Enova Intl news (Ticker: ENVA), a resource for investors and traders seeking the latest updates and insights on Enova Intl stock.

Enova International, Inc. (NYSE: ENVA) is a pioneering financial technology company headquartered in Chicago, Illinois. With a robust team of over 800 employees, Enova specializes in providing online financial services to both consumers and small businesses that are underserved by traditional banking institutions. The company operates primarily in the United States, United Kingdom, Australia, and Canada, delivering short-term consumer loans, line of credit accounts, and installment loans.

Enova's core business model revolves around leveraging cutting-edge machine learning and world-class analytics to facilitate quick and reliable lending decisions. Consumers can apply for credit online and receive a decision almost immediately, with funds typically disbursed within a day. The company functions as either the direct lender or as a third-party facilitator between borrowers and other lenders, generating revenue from interest income, finance charges, and transaction fees.

Enova's diverse product offerings are built on a solid foundation of proprietary credit models and advanced technology. This allows the company to cater to individualized customer needs, regardless of their credit history. Recent achievements include launching a $300 million share repurchase program and maintaining a strong balance sheet to support continued growth.

In addition to its consumer-focused services, Enova also operates OnDeck Capital, a leading small business lending platform. OnDeck recently partnered with Ocrolus to release a comprehensive Small Business Cash Flow Trend Report, underlining its commitment to supporting the entrepreneurial ecosystem.

Financially, Enova is in a strong position, having provided over $55 billion in loans and financing to more than 10 million customers. The company's recent financial results reflect steady revenue growth and profitable margins, driven by a strategic focus on diversified product offerings and risk management through machine learning algorithms. Enova remains committed to delivering shareholder value while continuously innovating in the financial services sector.

For more information, visit www.enova.com.

News

Enova Reports Fourth Quarter and Full Year 2023 Results

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Enova International (ENVA) reported a 20% increase in total revenue to $584 million for the fourth quarter of 2023. The company's diluted earnings per share were $1.13, and adjusted earnings per share were $1.83. Total combined loans and finance receivables increased by 16% to $3.3 billion, with a record quarterly originations of $1.4 billion. The net revenue margin was 56% with a fair value increase of the consolidated portfolio to 115% at December 31. The company's liquidity stood at $870 million, and they repurchased $66 million of common stock. Full year 2023 saw a 22% increase in total revenue to $2.1 billion, with a net revenue margin of 58%. Net income from continuing operations was $175 million, and adjusted EBITDA was $503 million. The company's CFO expressed confidence in their strong financial position heading into 2024.
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Enova Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call

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Enova International (ENVA) is set to release its fourth quarter and full year 2023 financial results on January 30, 2024. The company will host a conference call on the same day to discuss the results. The live webcast and supplemental financial information can be accessed on the Enova International Investor Relations website. A replay of the conference call will also be available, along with an archived version of the webcast.
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ENOVA ANNOUNCES CLOSING OF $400.0 MILLION OF SENIOR UNSECURED NOTES DUE 2028

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Enova International, Inc. (NYSE: ENVA) issued $400 million in Senior Notes due 2028 at a price of 99.058% of the principal amount, with an 11.25% annual interest rate. CEO David Fisher expressed confidence in the company's growth strategy and financial performance, emphasizing Enova's ability to access capital markets and deliver long-term shareholder value. The net proceeds will be used for redeeming outstanding senior notes, prepaying borrowings, and general corporate purposes.
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Enova Celebrates 11 Consecutive Years as One of Computerworld's Best Places to Work in IT

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Enova International (NYSE: ENVA) has been recognized by Computerworld as one of the top 100 Best Places to Work in IT, ranking 14th among midsize organizations. This marks the 11th consecutive year that Enova has been named to the list. Enova's commitment to empowering team members, fostering career growth, and diversity in tech has contributed to this recognition.
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ENOVA ANNOUNCES PRIVATE OFFERING OF $400.0 MILLION OF SENIOR NOTES DUE 2028

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Enova International, Inc. (NYSE: ENVA) intends to offer $400.0 million in senior notes due 2028 to redeem outstanding senior notes due 2024, prepay borrowings, and for general corporate purposes.
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Enova Reaches Agreement with CFPB on Consumer Loan Processing Errors

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Enova International, Inc. (NYSE: ENVA) has reached a $15 million settlement with the Consumer Financial Protection Bureau (CFPB) regarding unintentional technical systems and processing errors. The company has self-reported the majority of issues, provided redress to impacted customers, and agreed to pay a civil money penalty. Enova's President of Consumer Lending, Ranning Li, emphasized the commitment to investing in technology and compliance processes to prevent future errors. The settlement aligns with the company's current business practices and is not expected to have a material impact on its operations.
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Enova To Present at the Stephens Annual Investment Conference

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Enova International's Chief Financial Officer, Steve Cunningham, will present at the Stephens Annual Investment Conference on November 14, 2023. The presentation will be available via live audio webcast on the company's website.
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Enova Reports Third Quarter 2023 Results and New $300 Million Share Repurchase Program

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Enova International reports strong financial results for Q3 2023 with record revenue of $551 million and diluted earnings per share of $1.29. The company also announces a new $300 million share repurchase program.
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Enova Announces Date of Third Quarter 2023 Financial Results Conference Call

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Enova International to release Q3 2023 financial results on October 24, 2023
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Enova Announces Successful Consent Solicitation for Senior Notes due 2025

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Enova International, Inc. successfully completes consent solicitation to approve amendment to indenture governing its outstanding Senior Notes due 2025.
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FAQ

What is the current stock price of Enova Intl (ENVA)?

The current stock price of Enova Intl (ENVA) is $102.75 as of February 21, 2025.

What is the market cap of Enova Intl (ENVA)?

The market cap of Enova Intl (ENVA) is approximately 2.7B.

What does Enova International, Inc. do?

Enova International provides online financial services, including short-term consumer loans, line of credit accounts, and installment loans, primarily in the United States and the United Kingdom.

How does Enova generate revenue?

Enova generates revenue from interest income, finance charges, and other fees, including fees on transactions between borrowers and third-party lenders.

What recent achievements has Enova International made?

Enova recently launched a $300 million share repurchase program and has maintained a strong balance sheet to support its continued growth.

How does Enova support small businesses?

Enova supports small businesses through its OnDeck Capital platform, offering term loans and lines of credit. OnDeck recently partnered with Ocrolus to release a Small Business Cash Flow Trend Report.

What technology does Enova use for its services?

Enova uses advanced machine learning algorithms and world-class analytics to facilitate quick and reliable lending decisions.

How many customers has Enova served?

Enova has served over 10 million customers and provided more than $55 billion in loans and financing.

Where is Enova International located?

Enova International is headquartered in downtown Chicago, Illinois.

What is Enova's business model?

Enova operates as either a direct lender or a third-party facilitator between borrowers and other lenders, focusing on quick online credit approvals and fund disbursements.

What regulatory challenges has Enova faced?

Enova recently settled a $15 million civil penalty with the CFPB regarding technical systems and processing errors, most of which were self-reported and addressed.

Where can I find more information about Enova?

You can find more information about Enova International at their website www.enova.com.
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Enova Intl Inc

NYSE:ENVA

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ENVA Stock Data

2.73B
24.73M
4.01%
216.97%
6.74%
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Personal Credit Institutions
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United States
CHICAGO