Welcome to our dedicated page for Enova International news (Ticker: $ENVA), a resource for investors and traders seeking the latest updates and insights on Enova International stock.
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Enova International (ENVA) reported strong financial results for the first quarter of 2024, with total revenue increasing 26% to $610 million. Diluted earnings per share and adjusted earnings per share also saw growth. The company experienced a record $3.5 billion in combined loans and finance receivables, with solid credit performance and a net revenue margin of 57%. Enova's CEO highlighted the 20th year since the company's founding and the 10th year as a public company, emphasizing profitable growth and shareholder value.
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End-of-Day
-1.21%
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Enova International (ENVA) to Release First Quarter 2024 Financial Results on April 23, 2024
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-2.7%
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OnDeck Capital and Ocrolus release Small Business Cash Flow Trend Report, offering insights into small business health and sentiment in the US.
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4.64%
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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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End-of-Day
-7.38%
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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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-0.29%
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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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Rhea-AI Sentiment
End-of-Day
7.77%
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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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-3.44%
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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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4.9%
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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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-1.4%
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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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Rhea-AI Sentiment
End-of-Day
4.04%
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Enova International, Inc.
NYSE:ENVA
ENVA Rankings
ENVA Stock Data
1.70B
26.96M
4.3%
101%
4.24%
Credit Card Issuing
Finance and Insurance
United States of America
CHICAGO
About ENVA
enova is a web-based consumer lending company located in downtown chicago. what began as a dynamic management team, with roots in silicon valley and wall street, has grown at a tremendous pace since its inception. today, we are proud to have over 800 enova team members serving millions of customers in the united states, united kingdom, australia, and canada. at enova, we believe everyone should have access to simple and trustworthy financial services, regardless of their credit history. that’s why we’re dedicated to providing convenient and licensed financial services that allow our customers to face their financial needs responsibly. what sets us apart? enova and its businesses were built on the premise of providing convenient and reliable services by using the most innovative technology available. supported by a proprietary credit model, extensive marketing relationships and state-of-the-art technology, enova has the unique tools to meet individualized customer needs.