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An announcement from Pra Group ( (PRAA) ) is now available.
PRA Group, a leader in acquiring nonperforming loans, has announced strong financial results for Q3 2024, showcasing a net income of $27.2 million and total cash collections of $477.1 million. The company has achieved record estimated remaining collections of $7.3 billion, driven by robust portfolio purchases and an effective operational strategy. With a cash efficiency ratio of 60.1%, PRA Group is on track to surpass its 2024 targets and has set ambitious goals for 2025, emphasizing growth, profitability, and shareholder value.
Learn more about PRAA stock on TipRanks’ Stock Analysis page.