Stock Data
$4.93 (2.22%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
CREDIT SERVICES
Enova International Inc is a Chicago-based company that leverages technology and analytics to offer online financial services in the U.S., Brazil, and other countries. It provides a range of products such as installment loans, lines of credit, and services for arranging loans with third-party lenders. Enova markets its diverse financing solutions through brands like CashNetUSA, NetCredit, OnDeck, Headway Capital, Simplic, and Pangea, catering to various customer needs for financial assistance. Founded in 2003, Enova stands out for its innovative approach to online lending and financial services.
Enova crushed Q2 earnings with $4.31 adjusted EPS and $929M revenue as originations surged 27% year-over-year and credit quality tightened, marking eight straight quarters of 30% or more EPS growth. The company raised full-year guidance and expects to close the Grasshopper Bank acquisition later this year.
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