EZCORP (EZPW) AI Stock Analysis

• Market Cap: $1.63B
• Dividend Yield: N/A
• Average Volume (3M): 1.05M
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.10
• Revenue Growth: 9.70%
• EPS Growth: 26.63%
• Country: US
• Employees: 8,000
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 0.55
• Shares Outstanding: 58,727,055
• 10 Day Avg. Volume: 995,379
• 30 Day Avg. Volume: 1,052,898
• PEG Ratio: 0.77
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.86
• P/FCF Ratio: 9.91
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 1.33
• Enterprise Value/Gross Profit: 2.27
• Enterprise Value/Ebitda: 8.12
• 1Y Price Target: $32.25
• Price Target Upside: 28.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 1.69
• Revenue Forecast (FY): $1.52B

• Rating: 74 Outperform
• Price Target: $29.00 ▲(15.31% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 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.

Strong cash generation & liquidity

Robust operating cash flow and sizable unrestricted cash provide the company dry powder for organic investment, M&A and working-capital needs. Consistent FCF generation supports resilience through cyclical demand shifts and funds scale initiatives without immediate reliance on external equity.

Scale expansion via M&A and store growth

Immediate accretive acquisitions and steady store additions deepen geographic footprint and market share in both U.S. and Latin America. Increased scale improves procurement, brand recognition and cross-market best-practice deployment, supporting sustainable revenue diversification and competitive positioning.

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.

Inventory and turnover pressure

Rising inventory and slower turnover—driven by higher jewelry mix—tie up working capital and can depress cash conversion. Extended sales cycles for higher-ticket merchandise increase markdown and aging risk, which could erode margins and amplify quarter-to-quarter cash flow variability.

Rising operating and integration costs

Higher structural labor costs in Latin America and near-term acquisition onboarding expenses raise the baseline cost structure. If revenue synergies or efficiency gains from M&A are slower to materialize, elevated G&A and wage pressure could constrain margin durability and free-cash-flow conversion.

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 merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers. In addition, it offers Lana and EZ+ web-based engagement platforms to manage pawn loans. As of September 30, 2021, the company owned and operated 516 pawn stores in the United States; 508 pawn stores in Mexico; and 124 pawn stores in Guatemala, El Salvador, and Honduras. EZCORP, Inc. was founded in 1989 and is headquartered in Austin, Texas.

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. Additionally, the company earns revenue from the retail sale of unredeemed pawned items and merchandise acquired through other means. Significant partnerships with various financial service providers enhance its offerings, while factors such as market demand for short-term loans and the resale value of pawned goods contribute to its earnings. Overall, the company's revenue model is centered around providing financial solutions to customers while managing risk associated with pawn transactions.

EZCORP Financial Statement Overview

Summary

Overall fundamentals are solid: strong profitability (gross margin ~59%; EBIT ~13%), healthy absolute free cash flow (~$131M TTM) and improving earnings. Offsets are only moderate balance-sheet strength (debt-to-equity ~0.75) and cash conversion below net income (~75%), plus slowing revenue growth (~4.9% TTM).

Income Statement

TTM (Trailing-Twelve-Months) results show solid profitability with strong gross margin (~59%) and improved operating performance (EBIT margin ~13%, EBITDA margin ~16%). Net margin is healthy for the business (~8.6%) and net income has scaled materially versus prior years. Revenue growth is positive in TTM (~4.9%) but has clearly slowed versus the higher growth rates seen in 2022–2024, which is the main near-term momentum concern.

Balance Sheet

Leverage looks manageable with debt running at roughly three-quarters of equity (debt-to-equity ~0.75) and returns on equity have improved to ~11–12% in the most recent periods. That said, the balance sheet still carries a meaningful debt load for a credit-services model, and leverage has not meaningfully de-risked versus prior years (ratios remain broadly in the ~0.70–0.82 range).

Cash Flow

Cash generation is solid, with TTM (Trailing-Twelve-Months) operating cash flow of ~$164M and free cash flow of ~$131M, plus strong TTM free-cash-flow growth (~16.7%). However, cash conversion is not perfect: operating cash flow and free cash flow are both below net income (each ~75% of net income in TTM), suggesting working-capital or timing headwinds that can create quarter-to-quarter variability.

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

• Technical Analysis Sentiment: Positive
• Last Price: 25.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EZPW, the sentiment is Positive. The current price of 25.15 is below the 20-day moving average (MA) of 25.21, above the 50-day MA of 22.62, and above the 200-day MA of 17.93, indicating a bullish trend. The MACD of 1.20 indicates Negative momentum. The RSI at 68.56 is Neutral, neither overbought nor oversold. The STOCH value of 79.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EZPW.

EZCORP Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EZPW	74 Outperform	$1.63B	6.71	12.97%	―	9.70%	26.63%
YRD	73 Outperform	$317.98M	2.91	12.53%	10.37%	10.48%	-30.67%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FCFS	67 Neutral	$8.59B	21.69	15.26%	0.99%	3.86%	28.06%
OPRT	64 Neutral	$242.97M	18.74	6.79%	―	-5.29%	―
RM	62 Neutral	$304.84M	8.66	11.43%	2.99%	9.63%	77.14%
WRLD	60 Neutral	$693.58M	-193.38	14.57%	―	2.31%	-27.81%

EZCORP Corporate Events

EZCORP posts strong Q1 results and expands footprint

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% to $223.0 million. Pawn loans outstanding grew 14% to $314.4 million, driven by higher average loan size and robust pawn demand, while adjusted EBITDA climbed 36% to $70.3 million, supported by improved margins on merchandise and jewelry scrap sales and higher pawn service charges despite rising labor and administrative costs. The company expanded its store base by 23 locations during the quarter and, in early January 2026, completed major acquisitions including a controlling stake in Founders One and Simple Management Group, adding 105 stores across 12 countries, as well as 12 pawn stores in Texas, moves that management says are immediately accretive and significantly enhance EZCORP’s scale and competitive position in both U.S. and international pawn markets.

The most recent analyst rating on (EZPW) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on EZCORP stock, see the EZPW Stock Forecast page.

EZCORP Acquires Controlling Stake in Founders One Pawn Network

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 Jewelry and CashWiz brands, offering traditional pawn loans, buy/sell transactions, and in Puerto Rico, auto pawn and auto title loans. The deal, which closed on January 2, 2026, saw EZCORP convert $55 million of existing preferred equity and notes receivable into common equity, contribute an additional $9.4 million in cash, and establish a three-year senior secured debt facility of $156.4 million at 13% per annum to refinance Simple Management Group’s prior obligations, resulting in EZCORP holding 87.7% of Founders and consolidating its financial results; based on unaudited figures showing strong revenue and gross profit growth in 2024 versus 2023, this transaction is expected to be immediately accretive to earnings, expand EZCORP’s geographic footprint in markets such as Florida and Puerto Rico, deepen its partnership with Founders’ management, and lift its total store count to 1,488 pawn locations across 16 countries.

The most recent analyst rating on (EZPW) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on EZCORP stock, see the EZPW Stock Forecast page.

EZCORP Reports Record Q4 and Fiscal Year Results

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 in full-year diluted earnings per share. The expansion of its store network by 81 locations and strong demand for pawn services contributed to a 10% increase in total revenues for the year. EZCORP’s strategic acquisitions and store openings, particularly in the U.S. and Latin America, have bolstered its market presence and operational scale, driving strong earnings momentum and positioning the company for sustainable growth.

The most recent analyst rating on (EZPW) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on EZCORP stock, see the EZPW Stock Forecast page.