Enova: Conservative Guidance Masks Multi-Year 20%+ EPS Growth and Market-Share Upside Supporting Buy Rating

Analyst Vincent Caintic of BTIG maintained a Buy rating on Enova International, retaining the price target of $199.00.

Vincent Caintic has given his Buy rating due to a combination of factors that point to stronger-than-expected earnings growth and conservative guidance. Management’s outlook for 2026 calls for revenue to rise at least in the mid-teens and EPS to increase by at least 20% year over year, materially above current consensus expectations. He views the stated revenue growth floor as deliberately cautious, noting Enova’s track record of meeting or beating its long-term goals for originations and earnings expansion. In addition, he believes the company’s proven ability to capture market share, along with a benign macro backdrop—including regulatory developments that may favor Enova versus traditional credit card lenders—supports a multi‑year runway of 20%+ EPS growth.

Caintic also highlights the business mix and capital deployment as important supports for the Buy rating. While recent consumer loan trends reflect prior credit tightening, he points out that growth has already reaccelerated and sees upcoming quarters as key to confirming a sustained recovery. More importantly, he emphasizes that small business lending is growing at a rapid pace and should continue to drive total originations above 20% year-over-year in 2026. Finally, he views the company’s active share repurchases and strong capital generation, within a disciplined capital ratio framework, as evidence of financial strength, and he notes that his valuation target—based on a mid‑to‑high single‑digit multiple of projected 2027 EPS—still implies upside versus both his earnings outlook and neobank peers.

In another report released today, Citizens JMP also maintained a Buy rating on the stock with a $182.00 price target.