EZCORP Inc (EZPW)
NASDAQ:EZPW
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EZCORP
(NASDAQ:EZPW)
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Rating:78Outperform
Price Target:
$38.00
▲(24.43% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by improving financial performance (growth, margin expansion, and deleveraging) and supportive technical trend (price above key moving averages with positive momentum). Valuation adds upside support via a low P/E, while the earnings call was constructive but tempered by near-term cost pressures, inventory/turnover risks, and potentially temporary scrap-margin tailwinds.
Positive Factors
Revenue & Margin Expansion
Sustained revenue growth and multi-year net margin expansion reflect durable improvement in core pawn lending and merchandise profitability. Higher margins broaden free cash flow potential and provide buffer for reinvestment, supporting long-term earnings resilience beyond transitory cycles.
Negative Factors
Inventory & Turnover Pressure
Rising inventory and slower turnover tie up capital, raise holding costs and increase markdown risk—especially with a higher jewelry mix that sells more slowly. Persistently elevated inventory can weaken cash conversion and compress margins unless velocity and clearance improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Sustained revenue growth and multi-year net margin expansion reflect durable improvement in core pawn lending and merchandise profitability. Higher margins broaden free cash flow potential and provide buffer for reinvestment, supporting long-term earnings resilience beyond transitory cycles.
Read all positive factors
EZCORP (EZPW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.03B
Dividend YieldN/A
Average Volume (3M)747.26K
Price to Earnings (P/E)8.0
Beta (1Y)0.28
Revenue Growth22.81%
EPS Growth47.41%
CountryUS
Employees8,000
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)2.41
Shares Outstanding58,565,807
10 Day Avg. Volume739,675
30 Day Avg. Volume747,258
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 Cap0.93
Enterprise Value/Revenue1.27
Enterprise Value/Gross Profit2.20
Enterprise Value/Ebitda7.50
Forecast
1Y Price Target
$41.00Price Target Upside34.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2
Revenue Forecast (FY)$1.68B
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 mainly through a combination of pawn lending-related charges and retail sales of merchandise. (1) Pawn lending / pawn service charges: Customers pledge personal property as collateral for a loan. EZCORP earns revenue via p...
EZCORP Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 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
73
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.48B | 1.27B | 1.16B | 1.05B | 886.23M | 729.55M |
| Gross Profit | 855.63M | 746.07M | 682.27M | 609.84M | 528.15M | 449.49M |
| EBITDA | 250.64M | 202.34M | 162.26M | 100.22M | 109.83M | 117.39M |
| Net Income | 146.61M | 109.61M | 83.09M | 38.46M | 50.16M | 8.61M |
Balance Sheet | ||||||
| Total Assets | 2.13B | 1.95B | 1.49B | 1.47B | 1.35B | 1.27B |
| Cash, Cash Equivalents and Short-Term Investments | 354.18M | 469.52M | 170.51M | 220.59M | 206.03M | 253.67M |
| Total Debt | 280.00M | 764.04M | 566.94M | 610.48M | 545.99M | 477.78M |
| Total Liabilities | 984.83M | 925.72M | 688.67M | 721.94M | 655.65M | 594.67M |
| Stockholders Equity | 1.12B | 1.03B | 804.57M | 745.77M | 692.23M | 672.24M |
Cash Flow | ||||||
| Free Cash Flow | 131.16M | 110.42M | 77.84M | 61.39M | 34.64M | 22.84M |
| Operating Cash Flow | 173.67M | 148.99M | 113.60M | 101.83M | 66.53M | 46.44M |
| Investing Cash Flow | -160.67M | -117.86M | -111.85M | -110.89M | -113.28M | -84.61M |
| Financing Cash Flow | -157.09M | 274.42M | -50.18M | 23.69M | -2.83M | -16.25M |
EZCORP Technical Analysis
Positive
30.54
Price Trends
26.27
Positive
23.39
Positive
20.00
Positive
Market Momentum
1.22
Negative
75.44
Negative
91.17
Negative
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 30.54 is above the 20-day moving average (MA) of 27.29, above the 50-day MA of 26.27, and above the 200-day MA of 20.00, indicating a bullish trend. The MACD of 1.22 indicates Negative momentum. The RSI at 75.44 is Negative, neither overbought nor oversold. The STOCH value of 91.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.03B | 7.97 | 13.94% | ― | 22.81% | 47.41% | |
72 Outperform | $9.93B | 19.31 | 15.91% | 0.99% | 14.39% | 27.91% | |
69 Neutral | $314.92M | 6.48 | 13.16% | 2.99% | 10.51% | 53.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | $180.79M | 28.48 | 0.54% | 10.37% | -1.41% | -98.13% | |
59 Neutral | $756.18M | 19.38 | 6.37% | ― | 3.70% | ― | |
59 Neutral | $240.13M | 23.29 | 4.63% | ― | -3.81% | ― |
* Financial Sector Average
EZPW
EZCORP
33.00
19.10
137.41%
FCFS
FirstCash
226.54
99.64
78.52%
RM
Regional Management
34.20
6.02
21.35%
WRLD
World Acceptance
156.15
7.69
5.18%
YRD
Yiren Digital
1.99
-4.11
-67.37%
OPRT
Oportun Financial
5.22
-1.67
-24.29%
EZCORP Corporate Events
Business Operations and StrategyM&A Transactions
EZCORP Gains Full Ownership of Founders and SMG
Positive
May 18, 2026
On January 5, 2026, EZCORP, Inc. announced it had acquired a controlling interest in Founders One, LLC and its subsidiaries, including Simple Management Group, Inc., which operates 107 pawn stores in the U.S. and 11 additional countries; this tran...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
EZCORP Delivers Record Q2 Results and Expansion Milestones
Positive
May 6, 2026
EZCORP reported record operating results for its second quarter ended March 31, 2026, with total revenue up 46% to $446.9 million and gross profit up 46% to $260.0 million. Net income attributable to EZCORP nearly doubled to $49.1 million, diluted...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
EZCORP Reaffirms Board Control at Annual Shareholder Meeting
Neutral
Mar 27, 2026
On March 26, 2026, EZCORP’s sole Class B Voting Common Stock holder, MS Pawn Limited Partnership, re-elected seven directors — Matthew W. Appel, Zena Srivatsa Arnold, Phillip E. Cohen, Lachlan P. Given, Jason A. Kulas, Pablo Lagos Espi...
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.