Enova International (ENVA)
NYSE:ENVA
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Enova International
(NYSE:ENVA)
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Rating:74Outperform
Price Target:
$187.00
▲(14.86% Upside)
Action:Reiterated
Date:05/14/26
The score is driven by strong cash generation and a favorable, raised growth outlook from the latest earnings call, supported by a low earnings multiple. Offsetting factors are balance-sheet leverage, margin/expense pressure, and ongoing credit and regulatory/timing risks.
Positive Factors
Strong free cash flow
Enova’s TTM free cash flow near $1.86B with FCF-to-net income ~0.98 is a durable strength: it funds originations, underwriting technology, and debt servicing internally, supports reinvestment and optionality through cycles, and reduces reliance on volatile external capital.
Negative Factors
High leverage
Leverage at ~3.45x debt-to-equity materially raises sensitivity to funding cost increases and credit stress. In a credit-services business, elevated leverage limits strategic flexibility, amplifies earnings volatility when charge-offs rise, and can constrain capital allocation over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Enova’s TTM free cash flow near $1.86B with FCF-to-net income ~0.98 is a durable strength: it funds originations, underwriting technology, and debt servicing internally, supports reinvestment and optionality through cycles, and reduces reliance on volatile external capital.
Read all positive factors
Enova International (ENVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.15B
Dividend YieldN/A
Average Volume (3M)205.71K
Price to Earnings (P/E)9.3
Beta (1Y)1.38
Revenue Growth17.46%
EPS Growth46.61%
CountryUS
Employees1,787
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)13.08
Shares Outstanding24,884,895
10 Day Avg. Volume168,970
30 Day Avg. Volume205,706
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)2.91
Price to Sales (P/S)1.23
P/FCF Ratio2.20
Enterprise Value/Market Cap2.20
Enterprise Value/Revenue2.78
Enterprise Value/Gross Profit4.34
Enterprise Value/Ebitda14.16
Forecast
1Y Price Target
$201.00Price Target Upside23.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)15.83
Revenue Forecast (FY)$3.78B
Enova International Business Overview & Revenue Model
Company Description
Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; ...
How the Company Makes Money
Enova primarily makes money by originating loans and earning finance revenue over the life of those loans. Key revenue streams generally include: (1) interest income and similar finance charges assessed on consumer and small business loans it hold...
Enova International Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call was broadly positive: management reported strong top-line growth (originations +33%, revenue +17%), record revenue and meaningful EPS expansion (+30%), improved credit metrics (consolidated NCO down 100 bps to 7.6%), solid liquidity and funding execution, and raised near-term guidance. Key risks discussed include higher operating and marketing expenses (operating expenses 36% of revenue; marketing 22%), still-elevated consumer charge-offs (14.3%), ongoing macro sensitivity to energy prices, and regulatory/timing uncertainty around the Grasshopper Bank acquisition. On balance, the favorable growth, improved credit trends, raised outlook, and strategic initiatives outweigh the manageable headwinds.Positive Updates
Record Revenue and Strong EPS Expansion
Total company revenue increased 17% year over year to a record $875.0M in Q1 2026; adjusted EPS rose 30% year over year to $3.87 per diluted share.
Negative Updates
Higher Operating Expenses and Elevated Marketing Spend
Total operating expenses rose to 36% of revenue in Q1 2026 versus 33% in 2025. Marketing increased to 22% of revenue ($189M) from 19% ($139M) in 2025; company expects marketing to normalize to ~20% of revenue but near-term margin pressure intensified.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Revenue and Strong EPS Expansion
Total company revenue increased 17% year over year to a record $875.0M in Q1 2026; adjusted EPS rose 30% year over year to $3.87 per diluted share.
Read all positive updates
Company Guidance
Enova raised its outlook: for Q2 2026 the company expects revenue to be up 15–20% year‑over‑year with a net revenue margin of 55–60%, marketing around 20% of revenue, operations & technology roughly 8–8.5% of revenue, and G&A near 5% (ex‑one‑time items); these assumptions, with a normalized tax rate, imply adjusted EPS for 2026 of +20–25% versus 2025. For full‑year 2026 management expects originations to grow ~20% y/y, revenue growth roughly in line with originations, and adjusted EPS growth of at least 25% (guidance excludes any contribution from the pending Grasshopper Bank acquisition). Management also noted balance sheet capacity of ~$1.1B (cash & marketable securities $436M, available facility capacity $654M), recent warehouse upsizes of $377M, a Q1 cost of funds of 8.2%, and that Grasshopper synergies are expected to drive >25% adjusted EPS accretion within two years post‑close (targeting close in H2 2026).Enova International Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.28B | 3.15B | 2.66B | 2.12B | 1.74B | 1.21B |
| Gross Profit | 2.10B | 1.58B | 1.24B | 1.04B | 1.00B | 947.75M |
| EBITDA | 644.22M | 529.82M | 334.52M | 265.51M | 304.97M | 371.93M |
| Net Income | 326.54M | 308.39M | 209.45M | 175.12M | 207.42M | 256.30M |
Balance Sheet | ||||||
| Total Assets | 6.88B | 6.47B | 5.27B | 4.59B | 3.78B | 2.76B |
| Cash, Cash Equivalents and Short-Term Investments | 96.13M | 71.71M | 73.91M | 377.44M | 100.17M | 165.48M |
| Total Debt | 4.86B | 4.56B | 3.60B | 2.99B | 2.29B | 1.43B |
| Total Liabilities | 5.48B | 5.13B | 4.07B | 3.35B | 2.59B | 1.67B |
| Stockholders Equity | 1.40B | 1.34B | 1.20B | 1.24B | 1.19B | 1.09B |
Cash Flow | ||||||
| Free Cash Flow | 1.86B | 1.77B | 1.50B | 1.12B | 850.37M | 442.19M |
| Operating Cash Flow | 1.90B | 1.82B | 1.54B | 1.17B | 894.00M | 471.87M |
| Investing Cash Flow | -2.69B | -2.45B | -1.91B | -1.49B | -1.67B | -980.37M |
| Financing Cash Flow | 896.61M | 711.82M | 318.88M | 526.54M | 724.87M | 365.15M |
Enova International Technical Analysis
Positive
162.81
Price Trends
143.35
Positive
148.47
Positive
131.93
Positive
Market Momentum
4.44
Negative
75.40
Negative
91.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENVA, the sentiment is Positive. The current price of 162.81 is above the 20-day moving average (MA) of 142.33, above the 50-day MA of 143.35, and above the 200-day MA of 131.93, indicating a bullish trend. The MACD of 4.44 indicates Negative momentum. The RSI at 75.40 is Negative, neither overbought nor oversold. The STOCH value of 91.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ENVA.
Enova International Risk Analysis
Enova International disclosed 59 risk factors in its most recent earnings report. Enova International reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Failure to complete the Grasshopper acquisition could negatively affect our share price, future business and financial results. Q4, 2025
2.
We expect to incur substantial expenses related to the mergers. Q4, 2025
3.
Regulatory approvals may not be received, may take longer than expected or may impose conditions that are not presently anticipated, cannot be met, or that could have an adverse effect on us following the consummation of the acquisition of Grasshopper. Q4, 2025
Enova International Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.20B | 5.42 | 15.80% | 5.20% | 4.05% | 8.52% | |
74 Outperform | $4.15B | 9.27 | 24.88% | ― | 17.46% | 46.61% | |
71 Outperform | $3.51B | 4.43 | 17.08% | 1.12% | -0.65% | 118.03% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $2.60B | 10.62 | 47.95% | 10.18% | -2.34% | -49.33% | |
65 Neutral | $1.83B | 8.01 | 11.92% | ― | 17.38% | 237.98% | |
| ― | $2.33B | ― | -2.37% | ― | ― | ― |
* Financial Sector Average
ENVA
Enova International
166.79
69.45
71.35%
BFH
Bread Financial Holdings
86.83
33.05
61.45%
WU
Western Union
8.31
-0.49
-5.53%
LC
LendingClub
15.86
5.27
49.76%
FINV
FinVolution Group
4.94
-3.12
-38.73%
LU
Lufax Holding
1.91
-1.01
-34.59%
Enova International Corporate Events
Executive/Board ChangesShareholder Meetings
Enova International Shareholders Back Board, Pay and Auditor
Positive
May 13, 2026
Enova International, Inc. held its 2026 Annual Meeting of Stockholders on May 13, 2026, with 22,823,203 of 24,945,366 eligible common shares represented in person or by proxy, reflecting strong shareholder participation. Stockholders elected eleve...
Business Operations and StrategyPrivate Placements and Financing
Enova International Expands Credit Facilities and Funding Capacity
Positive
Apr 1, 2026
On March 30 and 31, 2026, Enova International’s wholly owned indirect subsidiaries executed multiple amendments to their existing credit and note purchase facilities, significantly expanding overall funding capacity. Receivable Assets of OnD...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.