EZCORP Inc (EZPW)
NASDAQ:EZPW
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EZCORP
(NASDAQ:EZPW)
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Rating:74Outperform
Price Target:
$29.00
▲(15.03% Upside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by solid financial performance (strong margins and healthy free cash flow) and supportive earnings-call commentary (record operating results and favorable near-term momentum). Technicals add support via a strong uptrend, but overbought indicators temper the outlook. Valuation appears reasonable at ~16.6x earnings, with no dividend yield support included.
Positive Factors
Margin expansion & profitability
Sustained margin improvement and EBITDA growth reflect operational leverage across pawn, merchandise and scrap channels. Higher merchandise and pawn service profitability supports durable cash generation and reinvestment capacity, strengthening returns even as top-line growth normalizes.
Negative Factors
Meaningful leverage
A material ongoing debt load limits financial flexibility and increases interest exposure, especially amid active M&A. Sustained leverage constrains capital allocation choices, raises refinancing risk if credit markets tighten, and can pressure returns if integration synergies lag expectations.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion & profitability
Sustained margin improvement and EBITDA growth reflect operational leverage across pawn, merchandise and scrap channels. Higher merchandise and pawn service profitability supports durable cash generation and reinvestment capacity, strengthening returns even as top-line growth normalizes.
Read all positive factors
EZCORP (EZPW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.56B
Dividend YieldN/A
Average Volume (3M)841.40K
Price to Earnings (P/E)6.7
Beta (1Y)0.14
Revenue Growth9.70%
EPS Growth26.63%
CountryUS
Employees8,000
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.55
Shares Outstanding58,727,055
10 Day Avg. Volume778,461
30 Day Avg. Volume841,405
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)1.07
Price to Sales (P/S)0.86
P/FCF Ratio9.91
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue1.33
Enterprise Value/Gross Profit2.26
Enterprise Value/Ebitda8.09
Forecast
1Y Price Target
$32.25Price Target Upside27.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.69
Revenue Forecast (FY)$1.52B
EZCORP Business Overview & Revenue Model
Company Description
EZCORP, Inc. provides pawn loans in the United States and Latin America. It offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments. The company also sells merch...
How the Company Makes Money
EZCORP generates revenue primarily through its pawn and consumer finance services. The core revenue streams include interest income from pawn loans and title loans, where customers borrow money against the value of their collateralized items. Addi...
EZCORP Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call communicated a strong operational and financial quarter with broad-based revenue and profit growth, strategic acquisitions that materially expand scale and addressable markets, and a robust liquidity position. Key near-term challenges include elevated inventories and slightly lower U.S. turnover, higher operating expenses (notably in LatAm from wage increases), and the transient nature of elevated scrap margins tied to gold prices. Management emphasized disciplined capital deployment, integration focus, and continued organic opportunity.Positive Updates
Record PLO and Strong Revenue Growth
Pledged loan outstanding (PLO) reached an all-time Q1 high of $307.3M, up 12%; total revenue was a record $374.5M, up 17% year-over-year.
Negative Updates
Rising Inventory and Turnover Pressure (U.S.)
U.S. inventory rose 29% to $190.9M while inventory turnover declined from 2.5x to 2.2x, driven by higher jewelry mix which typically carries a longer sales cycle.
Read all updates
Q1-2026 Updates
Positive
Negative
Record PLO and Strong Revenue Growth
Pledged loan outstanding (PLO) reached an all-time Q1 high of $307.3M, up 12%; total revenue was a record $374.5M, up 17% year-over-year.
Read all positive updates
Company Guidance
Management said Q2 momentum should remain favorable — supported by tax‑refund season driving higher loan redemptions and retail activity — and reiterated its priorities to expand PLO, improve inventory efficiency, and scale operational best practices; they expect elevated scrap gross‑profit contributions to continue while gold rises (roughly two quarters of elevated scrap margin once gold stabilizes), but also a sequential increase in expenses as recent acquisitions are onboarded (SMG consideration ≈ $64M—~75% economic interest—and El Buffalo $27.5M). They pointed to a strong balance sheet and dry powder to fund growth (unrestricted cash $465.9M; net earning assets $554M, +17%; PLO:inventory ~1.2x; 1,500 stores across 16 countries) and said M&A remains active while capital allocation will stay disciplined.EZCORP Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.34B | 1.27B | 1.16B | 1.05B | 886.23M | 729.55M |
| Gross Profit | 783.63M | 746.07M | 682.27M | 609.84M | 528.15M | 449.49M |
| EBITDA | 218.93M | 202.34M | 162.26M | 100.22M | 109.83M | 117.39M |
| Net Income | 122.90M | 109.61M | 83.09M | 38.46M | 50.16M | 8.61M |
Balance Sheet | ||||||
| Total Assets | 1.99B | 1.95B | 1.49B | 1.47B | 1.35B | 1.27B |
| Cash, Cash Equivalents and Short-Term Investments | 465.91M | 469.52M | 170.51M | 220.59M | 206.03M | 253.67M |
| Total Debt | 765.52M | 764.04M | 566.94M | 610.48M | 545.99M | 477.78M |
| Total Liabilities | 916.78M | 925.72M | 688.67M | 721.94M | 655.65M | 594.67M |
| Stockholders Equity | 1.07B | 1.03B | 804.57M | 745.77M | 692.23M | 672.24M |
Cash Flow | ||||||
| Free Cash Flow | 123.44M | 110.42M | 77.84M | 61.39M | 34.64M | 22.84M |
| Operating Cash Flow | 163.85M | 148.99M | 113.60M | 101.83M | 66.53M | 46.44M |
| Investing Cash Flow | -136.49M | -117.86M | -111.85M | -110.89M | -113.28M | -84.61M |
| Financing Cash Flow | 275.00M | 274.42M | -50.18M | 23.69M | -2.83M | -16.25M |
EZCORP Technical Analysis
Neutral
25.21
Price Trends
24.43
Positive
21.96
Positive
18.98
Positive
Market Momentum
0.23
Positive
47.69
Neutral
25.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EZPW, the sentiment is Neutral. The current price of 25.21 is below the 20-day moving average (MA) of 25.96, above the 50-day MA of 24.43, and above the 200-day MA of 18.98, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 47.69 is Neutral, neither overbought nor oversold. The STOCH value of 25.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EZPW.
EZCORP Risk Analysis
EZCORP disclosed 29 risk factors in its most recent earnings report. EZCORP reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EZCORP Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.56B | 6.71 | 12.48% | ― | 9.70% | 26.63% | |
73 Outperform | $145.16M | 28.48 | 0.54% | 10.37% | 10.48% | -30.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $8.40B | 21.69 | 15.23% | 0.99% | 3.86% | 28.06% | |
64 Neutral | $199.36M | 10.05 | 6.66% | ― | -5.29% | ― | |
63 Neutral | $294.69M | 8.66 | 12.12% | 2.99% | 9.63% | 77.14% | |
60 Neutral | $644.26M | -193.38 | 10.79% | ― | 2.31% | -27.81% |
* Financial Sector Average
EZPW
EZCORP
25.21
10.49
71.26%
FCFS
FirstCash
190.88
71.87
60.39%
RM
Regional Management
31.36
2.05
6.98%
WRLD
World Acceptance
130.50
3.95
3.12%
YRD
Yiren Digital
1.68
-4.77
-73.95%
OPRT
Oportun Financial
4.48
-1.01
-18.40%
EZCORP Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
EZCORP posts strong Q1 results and expands footprint
Positive
Feb 4, 2026
On February 4, 2026, EZCORP reported strong results for its first quarter ended December 31, 2025, with net income up 43% to $44.3 million and diluted EPS up 38% to $0.55, as total revenues rose 19% to $382.0 million and gross profit increased 20%...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
EZCORP Acquires Controlling Stake in Founders One Pawn Network
Positive
Jan 5, 2026
On January 5, 2026, EZCORP announced that it had acquired a controlling interest in Founders One, LLC, which, through its Simple Management Group subsidiary, operates 105 pawn stores in the U.S. and 11 other countries under the La Familia Pawn and...
Business Operations and StrategyFinancial Disclosures
EZCORP Reports Record Q4 and Fiscal Year Results
Positive
Nov 13, 2025
On November 13, 2025, EZCORP reported record financial results for its fourth quarter and full fiscal year ended September 30, 2025. The company achieved significant growth, with a 76% increase in net income for the fourth quarter and a 29% rise i...
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.