In a recent transaction, Sunil Sajnani, Chief Audit/LP Executive at EZCORP Inc. (NASDAQ:EZPW), sold a significant portion of the company's Class A Non-Voting Common Stock. According to a Form 4 filing with the Securities and Exchange Commission, Sajnani disposed of 34,493 shares on November 22, 2024, at an average price of $12.42 per share. The total value of the shares sold amounted to $428,403.
Following this transaction, Sajnani retains ownership of 66,242 shares in the company. The sale was executed directly by Sajnani, as indicated in the filing.
In other recent news, EZCORP has reported record-breaking results for fiscal Q4 and full year 2024. The company's revenue saw a significant increase, with Q4 revenue rising by 11% year-over-year to $300.9 million. Pawn loan originations also experienced growth, with a 14% increase to $279.2 million. These recent developments are a result of strategic initiatives and expansion, which included the addition of 21 new stores, bringing the total to 1,279. Membership in the EZ+ Rewards program also surged by 44%, reaching 5.4 million members. Analysts from the company anticipate a return to normal seasonality in loan demand by 2025 and plan to open 40 new stores in Latin America, with a focus on Mexico. Despite some regions experiencing a slight slowdown post-disruption, the company's strong performance in Q4 and robust loan and sales growth across all regions suggest a positive outlook for EZCORP's future.
InvestingPro Insights
EZCORP Inc. (NASDAQ:EZPW) has been experiencing strong market performance, as evidenced by recent data from InvestingPro. The company's stock is trading near its 52-week high, with a remarkable 52.91% price total return over the past year. This upward trajectory aligns with the insider sale by Chief Audit/LP Executive Sunil Sajnani, who may be capitalizing on the stock's robust performance.
InvestingPro data shows that EZCORP has a market capitalization of $696.34 million and a P/E ratio of 8.43, suggesting the stock may be undervalued compared to its earnings. This valuation perspective is further supported by the company's price-to-book ratio of 0.86, indicating that the stock is trading below its book value.
InvestingPro Tips highlight that EZCORP has been profitable over the last twelve months and analysts predict continued profitability this year. The company's financial health appears solid, with liquid assets exceeding short-term obligations, which could provide reassurance to investors despite the insider sale.
For readers seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for EZCORP, providing deeper insights into the company's financial position and market outlook.
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