Welcome to our dedicated page for Ezcorp news (Ticker: EZPW), a resource for investors and traders seeking the latest updates and insights on Ezcorp stock.
EZCORP Inc (NASDAQ: EZPW) operates a unique dual model in consumer finance and retail, providing pawn loan services across 1,250+ locations in the United States and Latin America. This news hub offers investors and financial professionals centralized access to verified corporate developments and market-moving information.
Key updates include earnings reports, store expansion announcements, regulatory filings, and leadership changes. Our curated news stream covers operational milestones like collateral loan performance metrics and pre-owned merchandise sales trends without speculative commentary.
Regularly updated content enables users to track pawn industry developments and consumer credit market dynamics impacting EZPW. All material undergoes strict verification to ensure compliance with financial reporting standards. Bookmark this page for efficient monitoring of EZCORP's strategic initiatives in secured lending and secondary retail markets.
EZCORP, Inc. (NASDAQ:EZPW) has announced a definitive agreement to acquire 53 pawn stores in Mexico from Presta Dinero, S.A. de C.V., operating as "Auto Dinero". The acquisition targets a company specializing in auto pawn and title pawn transactions across 21 Mexican states. Auto Dinero's founder, Jorge Hernandez, will join EZCORP post-acquisition.
EZCORP CEO Lachie Given highlighted the strategic benefits of this move, including geographic expansion in a core market, product diversification with higher-value collateral, and attracting a new customer demographic. The transaction, agreed upon on September 10, 2024, is expected to close by October 31, 2024, subject to customary conditions.
EZCORP (NASDAQ: EZPW), a leading pawn transaction provider in the US and Latin America, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The event will take place at the InterContinental Hotel in Boston, MA from August 13-15, 2024.
Key points:
- EZCORP will participate in a fireside chat on August 13 at 8:30 A.M. Eastern time
- The fireside chat will be webcast live and available for replay
- The company will host one-on-one meetings throughout August 13
- Interested parties can request meetings with the EZPW team through Canaccord representatives or by emailing EZPW@elevate-ir.com
EZCORP (NASDAQ: EZPW) reported strong Q3 fiscal 2024 results, with record pawn loans outstanding (PLO) of $261.7 million, up 14% year-over-year. Total revenues increased 10% to $281.4 million, while gross profit rose 12% to $166.7 million. Net income was $18.0 million, with diluted earnings per share of $0.25. On an adjusted basis, net income increased 14% to $17.0 million, with diluted earnings per share of $0.23.
The company expanded its footprint by adding 12 new stores, bringing the total to 1,258 locations. EZCORP's EZ+ Rewards program now has 5 million members, up 51% year-over-year. Online payments in the U.S. increased 49% to $21.7 million. The company maintains a strong balance sheet with $218.0 million in cash and cash equivalents, enabling continued growth and strategic acquisitions.
EZCORP, Inc. (NASDAQ: EZPW), a leading pawn transactions provider in the US and Latin America, has announced the release of its third quarter fiscal 2024 financial results on Wednesday, July 31, 2024, after market close. The company will host a webcast and conference call on Thursday, August 1, 2024, at 9:00 a.m. Eastern Time to discuss the results.
Presentation slides will be available on the Investor Relations section of EZCORP's website after market close on July 31. Interested parties can register for the conference call and access the live webcast through provided links. A replay of the call will be available online at the company's investor relations website shortly after the live call concludes.
EZCORP (NASDAQ: EZPW) has announced its participation in two major investor conferences in June 2024. On June 12, Tim Jugmans, CFO, will present at the 14th Annual East Coast IDEAS Investor Conference in New York, NY, with meetings scheduled throughout the day. Following this, CEO Lachie Given and CFO Tim Jugmans will attend the Jefferies Consumer Conference in Nantucket, MA, on June 17-18, 2024, also conducting meetings over the two days. The presentation materials and webcast will be available on the company's Investor Relations page.
EZCORP, Inc. (NASDAQ: EZPW) reported strong Q2 results with net income of $21.5 million, up from a net loss of $6.8 million, and diluted earnings per share of $0.29, up from a loss per share of $0.12. Total revenues increased by 11% and gross profit by 12%. Pawn loans outstanding rose by 14% to $235.8 million, with a strong return on earning assets of 165%. The company continues to expand, open new stores, and invest in technology while returning capital to shareholders. Online payments have seen significant growth, and customer engagement initiatives are driving growth. Despite increased store and general expenses, the company's balance sheet remains robust with $229.1 million in cash and cash equivalents. The U.S. Pawn segment saw a 10% increase in revenue and gross profit, while the Latin America Pawn segment reported a 12% revenue growth. Overall, EZCORP's solid performance and strategic investments position it well for future growth.
EZCORP, Inc. (NASDAQ: EZPW) will release its second quarter fiscal 2024 financial results on May 1, 2024, after the market closes. A webcast and conference call to discuss the results will be held on May 2, 2024, at 9:00 a.m. Eastern Time. Presentation slides will be available on the Investor Relations website. Details for the webcast can be found on the company's website. A replay of the conference call will also be available online.
