CHICAGO—Linda Johnson, a director at Enova International, Inc. (NYSE:ENVA), recently sold 2,200 shares of the company's common stock. The transaction, completed on October 28, involved a weighted average sale price of $86.7158 per share, with prices ranging from $86.6639 to $86.76. The total value of the transaction amounted to $190,774.
Following this sale, Johnson retains ownership of 5,286 shares in the company. The transaction was executed in multiple trades, and Johnson has committed to providing full details of the trades upon request to relevant parties, including the SEC and shareholders.
In other recent news, Enova International has reported strong financial results in its third-quarter earnings call. The company highlighted a record $1.6 billion in loan originations, marking a 28% increase year-over-year, and revenue surged 25% to reach $690 million. Significantly, small business loans surpassed $1 billion for the first time, showing a 33% growth from the previous year.
Enova also demonstrated a robust profitability trajectory, with adjusted EBITDA and EPS growing by 42% and 63%, respectively. The company announced a share repurchase program valued at $300 million, underlining their commitment to shareholder value. In terms of liquidity, Enova is in a strong position with nearly $1.2 billion in available funds.
According to recent analyst notes, the company's financial health appears robust, supported by a diverse portfolio and a favorable macroeconomic climate. The company's total loan and finance receivables reached $3.8 billion, a 23% increase from the previous year. Looking ahead, Enova International anticipates sequential revenue growth of approximately 5% in Q4 and year-over-year growth expected to exceed 20%.
InvestingPro Insights
Linda Johnson's recent sale of Enova International shares comes at a time when the company's stock has shown remarkable performance. According to InvestingPro data, Enova has delivered a strong return over the last year, with a one-year price total return of 120.36% as of the most recent data. This impressive gain aligns with one of the InvestingPro Tips, which highlights the company's high return over the last year.
The company's financial health appears robust, with InvestingPro data showing a market capitalization of $2.31 billion and a price-to-earnings ratio of 13.74. Enova's revenue growth is also noteworthy, with a 14.8% increase over the last twelve months, reaching $1.17 billion. This growth trajectory is complemented by a solid gross profit margin of 81.8%, indicating efficient operations.
InvestingPro Tips further reveal that management has been aggressively buying back shares, which could be seen as a vote of confidence in the company's future prospects. Additionally, analysts predict that Enova will remain profitable this year, a positive sign for investors considering the company's financial outlook.
For those interested in a deeper analysis, InvestingPro offers 10 additional tips for Enova International, providing a more comprehensive view of the company's potential and challenges. These insights can be particularly valuable for investors looking to understand the context of insider transactions like Johnson's recent sale.
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