Enova International (NYSE:ENVA – Get Free Report) issued its earnings results on Thursday. The credit services provider reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.35, FiscalAI reports. The business had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.23 EPS.
Here are the key takeaways from Enova International’s conference call:
- Enova reported a strong second quarter, with originations up 27% year over year to nearly $2.3 billion and revenue up 22% to $929 million, both ahead of expectations.
- Credit performance improved across the business: consolidated net charge-offs fell to 7.3%, consumer net charge-offs declined to 12.8%, and small business credit remained stable at 4.8%.
- The company delivered another period of strong profitability, with adjusted EPS up 33% year over year to $4.31 and its eighth straight quarter of 30%+ EPS growth.
- Management raised full-year guidance, now expecting 2026 revenue growth of 20%-25% and adjusted EPS growth of 30%-35%, while Q3 revenue is seen roughly 25% higher year over year.
- Enova said it remains in a constructive regulatory dialogue on the pending Grasshopper Bank acquisition and continues to expect a closing later this year, with integration planning largely complete.
Enova International Price Performance
NYSE ENVA opened at $218.67 on Friday. The company has a market cap of $5.44 billion, a PE ratio of 17.71 and a beta of 1.21. The firm’s 50 day moving average price is $200.09 and its 200-day moving average price is $169.08. The company has a debt-to-equity ratio of 3.45, a quick ratio of 20.42 and a current ratio of 20.42. Enova International has a 52-week low of $99.61 and a 52-week high of $246.38.
Key Headlines Impacting Enova International
- Positive Sentiment: Enova reported adjusted earnings of $4.31 per share, beating consensus estimates, while revenue came in at $928.93 million, also above forecasts. Enova Reports Second Quarter 2026 Results
- Positive Sentiment: Quarterly originations rose 27% year over year, showing continued growth in lending activity across the business. Resilient Shoppers and Confident Small Businesses Drive Enova Lending to Record High
- Positive Sentiment: Credit performance improved, with the consolidated net charge-off ratio declining, which supports the view that loan quality remains manageable even as lending expands. Resilient Shoppers and Confident Small Businesses Drive Enova Lending to Record High
- Neutral Sentiment: Management said resilient consumer spending and improving small-business sentiment helped drive the quarter, and the company’s earnings call and transcript provided additional detail on the results. Enova International, Inc. (ENVA) Q2 2026 Earnings Call Transcript
Insider Buying and Selling at Enova International
In other Enova International news, Chairman David Fisher sold 33,060 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at $60,997,678.20. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Tebbe sold 20,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total value of $4,027,400.00. Following the sale, the director directly owned 50,029 shares in the company, valued at $10,074,339.73. This trade represents a 28.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 106,882 shares of company stock worth $19,757,389. 8.40% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Enova International
A number of large investors have recently added to or reduced their stakes in ENVA. Informed Momentum Co LLC purchased a new position in shares of Enova International in the 4th quarter worth approximately $6,243,000. Arkadios Wealth Advisors boosted its stake in Enova International by 8.1% in the fourth quarter. Arkadios Wealth Advisors now owns 33,894 shares of the credit services provider’s stock valued at $5,328,000 after acquiring an additional 2,532 shares in the last quarter. Marshall Wace LLP acquired a new stake in Enova International in the fourth quarter valued at approximately $4,412,000. California State Teachers Retirement System grew its holdings in Enova International by 0.4% in the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after purchasing an additional 105 shares during the last quarter. Finally, Horizon Investments LLC grew its holdings in Enova International by 5.9% in the third quarter. Horizon Investments LLC now owns 14,054 shares of the credit services provider’s stock worth $1,617,000 after purchasing an additional 789 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ENVA. Zacks Research lowered Enova International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Jefferies Financial Group lifted their target price on Enova International from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. BTIG Research upped their target price on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. TD Cowen increased their price target on Enova International from $190.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Citizens Jmp raised their price target on Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $246.67.
View Our Latest Stock Analysis on ENVA
About Enova International
Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.
In addition to its U.S.
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