World Acceptance Corp SVP Scott McIntyre sells shares for $300,444

Published 18/02/2025, 15:40
World Acceptance Corp SVP Scott McIntyre sells shares for $300,444

Scott McIntyre, the Senior Vice President of Accounting at World Acceptance Corp (NASDAQ:WRLD), recently sold a total of 2,000 shares of the company’s common stock. The company, currently valued at $836 million, has shown strong momentum with a 36% return over the past six months. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, trading at a P/E ratio of 10.4 with a GREAT financial health score. The transactions, which took place on February 14, 2025, were executed at prices ranging from $150.22 to $150.63 per share, amounting to a total sale value of $300,444.

Following these transactions, McIntyre holds 7,183 shares in the company. This sale was disclosed in a regulatory filing with the Securities and Exchange Commission.

In other recent news, World Acceptance Corporation announced a new stock repurchase program, authorized by its Board of Directors. The program will allow the company to buy back up to $25 million of its outstanding common stock, including the remaining amount from previous authorizations. The exact number of shares to be bought back and the timing will depend on various factors including the company’s stock price and broader market conditions. The program may be halted or terminated at any point at the company’s discretion.

In addition to this, World Acceptance Corporation reported its Q3 2025 earnings, significantly surpassing analyst expectations. The company posted an earnings per share (EPS) of $2.45, compared to the forecasted $1.23, and achieved a revenue of $138.6 million, exceeding the anticipated $136.67 million. The company’s portfolio grew by 6.6%, a substantial increase from the 1.5% growth seen in Q3 2024.

These recent developments reflect World Acceptance Corporation’s ongoing strategy to manage its capital efficiently and deliver value to its shareholders. The company’s decision to implement the repurchase plan and its impressive Q3 earnings performance indicate its financial stability and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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