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EZCORP
(NASDAQ:EZPW)
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Rating:67Neutral
Price Target:
$32.00
▲(4.78% Upside)
Action:Downgraded
Date:06/11/26
Score is driven primarily by solid financial performance (improving margins, reduced leverage, higher ROE) and positive growth/scale corporate events. This is partially offset by weak technical conditions (below key moving averages with negative MACD and low RSI), while valuation appears reasonable on a P/E basis.
Positive Factors
Improved Profitability
EZCORP’s margin profile has strengthened materially over several years, driven by stable gross margins and expanding net margins. This improvement supports durable earnings power, funds reinvestment and acquisitions, and provides a buffer versus cyclical revenue swings across pawn retail and resale channels.
Negative Factors
Concentrated Governance
Control concentrated in a single Class B holder with Class A non-voting stock limits minority shareholder influence and oversight. This governance structure can entrench management, reduce accountability on strategic choices, and increase execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
EZCORP’s margin profile has strengthened materially over several years, driven by stable gross margins and expanding net margins. This improvement supports durable earnings power, funds reinvestment and acquisitions, and provides a buffer versus cyclical revenue swings across pawn retail and resale channels.
Read all positive factors
EZCORP (EZPW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.00B
Dividend YieldN/A
Average Volume (3M)903.68K
Price to Earnings (P/E)13.8
Beta (1Y)0.26
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. Volume1,162,048
30 Day Avg. Volume903,676
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 Cap1.11
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit2.60
Enterprise Value/Ebitda8.68
Forecast
1Y Price Target
$41.00Price Target Upside34.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)2.03
Revenue Forecast (FY)$1.69B
EZCORP Business Overview & Revenue Model
Company Description
EZCORP, Inc. operates primarily by offering collateralized loans, commonly known as pawn loans, to individuals in both the United States and various Latin American countries. These loans are secured by a wide array of personal items, including but...
How the Company Makes Money
EZCORP primarily makes money through (1) pawn lending and (2) retail merchandise sales. Pawn lending generates revenue from fees and/or interest (where permitted) charged on short-term loans secured by pledged personal property; if a customer repa...
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 | 256.64M | 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 | 799.00M | 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
32.15
Positive
29.04
Positive
24.12
Positive
Market Momentum
0.14
Negative
53.27
Neutral
67.89
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 30.54 is below the 20-day moving average (MA) of 31.55, below the 50-day MA of 32.15, and above the 200-day MA of 24.12, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 53.27 is Neutral, neither overbought nor oversold. The STOCH value of 67.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EZPW.
EZCORP Risk Analysis
EZCORP disclosed 30 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $9.31B | 26.87 | 15.91% | 0.99% | 14.39% | 27.91% | |
69 Neutral | $377.90M | 8.08 | 13.16% | 2.99% | 10.51% | 53.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $2.00B | 13.83 | 13.94% | ― | 22.81% | 47.41% | |
59 Neutral | $96.95M | -0.32 | 0.54% | 10.37% | -13.83% | -154.13% | |
59 Neutral | $263.00M | 15.08 | 4.63% | ― | -3.81% | ― | |
54 Neutral | $991.96M | 29.67 | 9.36% | ― | 3.70% | -54.55% |
* Financial Sector Average
EZPW
EZCORP
34.57
20.80
151.05%
FCFS
FirstCash
216.32
82.14
61.22%
RM
Regional Management
41.20
11.38
38.15%
WRLD
World Acceptance
223.83
54.74
32.37%
YRD
Yiren Digital
0.84
-4.99
-85.67%
OPRT
Oportun Financial
5.71
-1.03
-15.28%
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.