Earnings OutlookThe company raised this year’s full-year earnings outlook by essentially the 3Q upside and introduced its initial guidance for 2025.
Financial PerformancePRA Group once again delivered near-record levels of purchase volumes, record ERC (estimated remaining collections), accelerating and double-digit collections growth, improving portfolio yields, ongoing operational improvements, and significant EPS upside.
Market PositioningThe company remains well-positioned relative to the broader consumer finance landscape based on a sweet spot in the purchasing and collections cycle characterized by elevated supply of charge-offs, stable employment and collections backdrop, weakened competition overseas, and excess funding.