Enova Intl Inc Stock Price, News & Analysis

Enova International (NYSE: ENVA) reported a strong performance for Q3 2022, with total revenue reaching $456 million, a 42% increase from Q3 2021. The company achieved diluted earnings per share of $1.57 and adjusted earnings per share of $1.74. Total originations were $1.2 billion, up 10% sequentially. The net revenue margin was stable at 64%, and liquidity stood at $769 million. Despite the uncertain economic environment, Enova remains cautiously optimistic about credit performance and sustainable growth.

Enova International (NYSE: ENVA) will release its third quarter 2022 financial results on October 27, 2022, after market close. A conference call to discuss these results is scheduled for the same day at 4 p.m. Central Time. Investors can access the live webcast on the Enova Investor Relations website. Enova, leveraging machine learning and AI, has provided over $40 billion in loans to more than 7 million customers, focusing on non-prime consumers and small businesses.

Enova International (NYSE: ENVA) reported a 54% increase in total revenue to $408 million for Q2 2022, compared to Q2 2021. The company achieved diluted earnings per share of $1.56 and adjusted earnings of $1.64. Total originations grew to $1.1 billion, a 5% increase sequentially. With liquidity exceeding $1 billion, and net charge-offs down to 7.2%, Enova's performance reflects strong loan growth and effective risk management. The company repurchased approximately 743,000 shares during the quarter, signaling confidence in its financial health.

Enova International (NYSE: ENVA) will announce its Q2 2022 financial results on July 28, 2022, after market close. A conference call will follow at 4 p.m. CT to discuss the results, accessible via the Enova Investor Relations website. Enova specializes in providing online financial services powered by artificial intelligence and machine learning, serving non-prime consumers and small businesses, with over $40 billion in loans provided to more than 7 million customers.

Enova International (NYSE: ENVA) announced a significant boost in its funding capacity, securing $550 million in June 2022. This includes a $420 million small business securitization warehouse designed to meet customer demand, along with a $130 million increase in its secured revolving corporate credit facility, now totaling $440 million. The facility's maturity has been extended to June 2026, improving the company's liquidity and financial flexibility. Enova currently holds over $800 million in capacity across its funding facilities.

GoHealth announces significant leadership changes, appointing Vijay Kotte as CEO and Jason Schulz as CFO, effective June 6, 2022. Co-Founder Clint Jones transitions to Executive Chairman and will later become Non-Executive Chairman. These changes aim to enhance operating efficiencies and shareholder value. GoHealth, a leader in the Medicare-focused health insurance marketplace, aims for profitable growth, leveraging its technology platform and extensive expertise as it navigates evolving market dynamics.

Enova International (NYSE: ENVA) has announced that CFO Steve Cunningham will participate in a fireside chat at the Jefferies Consumer Conference on June 20 at 8:00 a.m. ET. This event will focus on Enova's advancements in financial technology, leveraging machine learning and artificial intelligence to serve non-prime consumers and small businesses.

The event will be accessible via a live audio webcast on Enova's website, with an archive available afterward.

Enova International (NYSE: ENVA) reported strong first-quarter results for 2022, with total revenue of $386 million, a 49% increase from $259 million in Q1 2021. Diluted earnings per share stood at $1.50, compared to $2.03 in the previous year. Adjusted EBITDA was $106 million, down from $137 million. The company experienced a 7.6% net charge-off rate, up from 4.2% in Q1 2021. Enova's cash and marketable securities totaled $228 million as of March 31. The firm remains optimistic about its growth potential despite macroeconomic challenges.

Enova celebrates the recognition of five of its team members as winners of the 2022 Moxie Awards by Built In, honoring women in tech for their leadership and contributions. This acknowledgment reflects Enova's commitment to diversity, equity, and inclusion, as women represent more than half of the company's workforce. The awards were given after reviewing over 900 nominations, showcasing the achievements of women like Nicole Frapolly and Madhuri Gupta. Enova has also received multiple workplace awards in 2022, underlining its dedication to fostering an inclusive work environment.