World Acceptance Corp director Whitaker sells $389,329 in stock

Published 03/06/2025, 15:32
World Acceptance Corp director Whitaker sells $389,329 in stock

Darrell E. Whitaker, a director at World Acceptance Corp (NASDAQ:WRLD), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The sale comes as the company, currently valued at $805 million, trades near its 52-week high with a P/E ratio of 9.45. On June 2, Whitaker sold a total of 2,500 shares, amounting to a transaction value of approximately $389,329. The sales occurred at prices ranging from $155.61 to $156.22 per share. Following these transactions, Whitaker holds 5,074 shares of World Acceptance Corp. According to InvestingPro analysis, the company maintains a "GREAT" financial health score and has demonstrated strong returns over multiple timeframes. For deeper insights into insider trading patterns and 12+ additional ProTips, consider exploring InvestingPro’s comprehensive research tools.

In other recent news, World Acceptance Corporation reported its fourth-quarter earnings for 2025, significantly surpassing analyst expectations. The company achieved an earnings per share (EPS) of $8.13, well above the projected $5.20, and reported revenues of $165.3 million, exceeding the forecasted $152.46 million. These results reflect a strong financial performance, with a notable increase in their customer base by 3.5% and a strategic shift towards smaller loans. Additionally, World Acceptance announced a new share repurchase program, with the Board of Directors approving the buyback of up to $20 million of its outstanding common stock. This move is part of a strategy to return value to shareholders and could be adjusted based on various market conditions. The company is also piloting a new credit card product, aiming for a broader rollout in the coming months. Analysts from firms like Stephens and Janney Montgomery Scott have shown interest in the company’s strategic direction and financial maneuvers. These developments indicate World Acceptance’s focus on optimizing its loan portfolio and exploring new market opportunities.

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