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Pra Group ( (PRAA) ) has issued an announcement.
On May 7, 2026, PRA Group reported first-quarter 2026 results showing an 11% year-on-year increase in total cash collections to $551.9 million and net income of $28.2 million, or $0.73 per diluted share. The quarter also saw a cash efficiency ratio of 61.8%, 12‑month Adjusted EBITDA of $1.3 billion up 13.9%, portfolio purchases of $220.9 million, and estimated remaining collections rising 9.5% to $8.5 billion.
Management highlighted that the performance was driven by continued momentum in the U.S. legal collections channel and strong European results, delivering operating leverage as Adjusted EBITDA grew faster than collections. PRA said it remains on track with its PRA 3.0 strategy, including technology modernization, a new UK mobile app and global AI initiatives, positioning the firm as a more efficient, high-performing, technology-enabled allocator of capital for shareholders and other stakeholders.
The most recent analyst rating on (PRAA) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Pra Group stock, see the PRAA Stock Forecast page.
Spark’s Take on PRAA Stock
According to Spark, TipRanks’ AI Analyst, PRAA is a Neutral.
The score is held back primarily by weak financial quality (large GAAP loss and multi-year negative operating/free cash flow) despite improved leverage. Offsetting this are strong technical uptrend signals, a very low P/E valuation, and an earnings-call narrative indicating improving adjusted operational momentum and a path to lower leverage, with supportive financing actions.
To see Spark’s full report on PRAA stock, click here.
More about Pra Group
PRA Group, Inc., based in Norfolk, Va., is a global leader in acquiring and collecting nonperforming loans. The company focuses on purchasing and managing distressed consumer debt portfolios, with significant operations in the U.S. and Europe, and emphasizes legal collections channels and technology-enabled recovery strategies to drive cash generation and returns.
Average Trading Volume: 485,461
Technical Sentiment Signal: Hold
Current Market Cap: $818.7M
Find detailed analytics on PRAA stock on TipRanks’ Stock Analysis page.