OppFi reports Q3 EPS 46c, consensus 32c

Reports Q3 revenue $155.09M, consensus $153.4M. “OppFi (OPFI) continued to deliver strong performance in the Q3, achieving record quarterly revenue, profit and net originations. This continued outperformance has led to raising earnings guidance for the third time this year. Auto approval rates increased to 79.1%, which has improved operating efficiency year over year. We believe we are well positioned strategically with the Model 6.1 refit, risk-based pricing and dynamic seasonal modeling to mitigate exposure during periods of economic volatility,” said Todd Schwartz, CEO and Executive Chairman of OppFi.