Microvast Holdings announces departure of chief financial officer
EZCORP , Inc. (NASDAQ:EZPW), a leading provider of pawn loans in the United States and Latin America, has reached a new 52-week high, with its stock price climbing to $14.07. The company, with a market capitalization of $772 million and an impressive gross profit margin of 59%, has demonstrated strong momentum with a 14% return in just the past week. This milestone reflects a significant period of growth for the company, which has seen its stock value increase by 34.5% over the past year. The ascent to this 52-week high underscores investor confidence in EZCORP’s business model and its ability to generate value amidst a dynamic economic landscape. The company’s strategic initiatives and operational efficiencies have played a crucial role in driving this positive trend, marking a period of robust financial performance and heightened shareholder interest. According to InvestingPro analysis, EZCORP is currently trading below its Fair Value, with a modest P/E ratio of 9x and an overall financial health score rated as "GREAT." For deeper insights and 10+ additional ProTips about EZCORP, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, EZCORP has been the subject of several significant developments. The company reported a 7% increase in Q4 sales and a 13% rise in pawn loans outstanding to $274.8 million. Adjusted earnings per share and EBITDA exceeded expectations by 13% and 14%, respectively. These results led Canaccord Genuity analyst Brian McNamara to increase the price target for EZCORP to $22.00, up from the previous $19.00, while maintaining a Buy rating.
EZCORP also announced the appointment of Michael Croney as its new Chief Accounting Officer. Croney, who previously served as Vice President and Global Controller at EZCORP, brings a wealth of experience to his new role. This executive move reflects EZCORP’s ongoing commitment to strengthening its leadership team and ensuring robust financial management and reporting practices.
Furthermore, EZCORP reported record-breaking fiscal fourth quarter and full year 2024 results, with total Q4 revenue increasing by 11% year-over-year to $300.9 million. Pawn loan originations grew by 14% to $279.2 million. The company also added 21 new stores, bringing the total to 1,279 and saw a 44% increase in membership in the EZ+ Rewards program. These are recent developments that highlight the company’s strategic initiatives and expansion efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.