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Linda Johnson Rice, a director at Enova International, Inc. (NYSE:ENVA), recently sold 2,532 shares of the company’s common stock. The shares were sold at an average price of $103.11, amounting to a total transaction value of $261,075. Following this transaction, Rice retains ownership of 2,754 shares directly. This sale was reported in a recent SEC filing and reflects Rice’s ongoing management of her investment in the company.The transaction comes as Enova demonstrates robust financial health, earning a "GREAT" rating from InvestingPro. The company’s stock has delivered an impressive 66% return over the past year, trading at a P/E ratio of 13.1. While this director reduced her position, management has been actively buying back shares, showing confidence in the company’s prospects. For deeper insights into Enova’s valuation and growth potential, investors can access comprehensive analysis through InvestingPro, which offers 8 additional key insights about the company’s performance.
In other recent news, Enova International reported strong fourth-quarter 2024 earnings, with adjusted earnings per share (EPS) reaching $2.61, marking an over 40% increase from the previous year. The company’s revenue grew 25% year-over-year to $730 million, although slightly below forecasts. Analysts have responded positively to these results, with Stephens raising Enova’s price target to $136, maintaining an Overweight rating, and BTIG lifting its price target to $129, keeping a Buy rating. JMP Securities also increased their price target to $135, retaining a Market Outperform rating, highlighting Enova’s stable credit performance and effective portfolio management.
The earnings beat and robust revenue growth reflect Enova’s strong loan originations and stable credit margins. The company demonstrated balanced growth across both Consumer and Small and Medium-sized Business (SMB) sectors, leading to a consolidated portfolio growth of over 20%. Analysts at BTIG project a yearly growth rate of at least 15% for Enova, based on expected EPS growth. Enova’s guidance for the first quarter and full year of 2025 aligns with or exceeds expectations, indicating a positive outlook attributed to the scalability of its platform and favorable market dynamics.
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