Key Points
- Chairman David Fisher sold 37,989 shares on Jan. 30 at an average price of $165.31 (~$6.28M), trimming his stake by about 9.8%; the CEO and general counsel also executed recent insider sales, signaling notable insider cashing out.
- Enova reported stronger-than-expected quarterly results — $3.46 EPS vs. $3.17 expected and ~$1.34B revenue (up ~15% YoY) — and its board authorized a $400 million share buyback (up to 12.5% of shares), supporting the company's fundamentals.
- Despite positive earnings and analyst momentum (consensus "Buy" rating, average price target ~$172.83), the stock opened at $159.18 and was down ~7.7%, with a market cap of about $4.48 billion.
Enova International, Inc. (NYSE:ENVA - Get Free Report) CEO Steven Cunningham sold 11,436 shares of the company's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $165.13, for a total transaction of $1,888,426.68. Following the transaction, the chief executive officer owned 127,719 shares in the company, valued at $21,090,238.47. This represents a 8.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Enova International Stock Performance
Shares of ENVA opened at $159.18 on Wednesday. Enova International, Inc. has a one year low of $79.41 and a one year high of $176.68. The company has a market cap of $4.48 billion, a PE ratio of 13.75 and a beta of 1.25. The stock has a 50-day moving average of $155.03 and a 200-day moving average of $129.65. The company has a debt-to-equity ratio of 3.37, a current ratio of 9.48 and a quick ratio of 19.29.
Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.17 by $0.29. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $838.59 million. During the same period in the prior year, the business earned $2.61 EPS. The firm's revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts predict that Enova International, Inc. will post 10.31 EPS for the current fiscal year.
Enova International declared that its Board of Directors has initiated a share repurchase program on Wednesday, November 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
Key Stories Impacting Enova International
Here are the key news stories impacting Enova International this week:
- Positive Sentiment: Jan. 27 quarter beat: Enova reported $3.46 EPS vs. $3.17 expected and roughly $1.34B revenue (well above consensus), with revenue up ~15% year-over-year — a clear fundamental positive supporting valuation.
- Positive Sentiment: Zacks notes ENVA hit a 52-week high and questions whether upside remains, highlighting continued investor interest and momentum. ENVA Hits Fresh High
- Positive Sentiment: Zacks also ran a momentum piece saying ENVA’s price strength could continue and included ENVA on a recent list of momentum/strong-buy candidates (Zacks Rank #1), reinforcing bullish analyst/momentum interest. Momentum Should Keep Going Zacks Rank #1 List
- Negative Sentiment: Chairman David Fisher sold 37,989 shares (~$6.28M at ~$165.31 avg), reducing his stake by ~9.8% — a sizable insider sale that can pressure the stock. Chairman SEC Filing
- Negative Sentiment: General Counsel Sean Rahilly sold 12,879 shares (~$2.12M at ~$164.28 avg), an ~11.3% cut to his holding — another insider sale that may stoke caution. GC SEC Filing
- Negative Sentiment: CEO Steven E. Cunningham sold 11,436 shares (~$1.89M at ~$165.13 avg), an ~8.2% reduction — CEO-level selling often draws the most investor scrutiny. CEO SEC Filing
Analysts Set New Price Targets
Several research analysts have weighed in on ENVA shares. Citigroup restated an "outperform" rating on shares of Enova International in a report on Wednesday, January 28th. BTIG Research restated a "buy" rating and issued a $199.00 target price on shares of Enova International in a report on Wednesday, January 28th. Wall Street Zen cut shares of Enova International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 22nd. JMP Securities lifted their price target on Enova International from $135.00 to $149.00 and gave the company a "market outperform" rating in a research note on Friday, October 24th. Finally, TD Cowen reissued a "buy" rating on shares of Enova International in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $172.83.
Get Our Latest Analysis on ENVA
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its position in Enova International by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider's stock worth $17,392,000 after purchasing an additional 1,276 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider's stock worth $21,847,000 after buying an additional 134,393 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Enova International in the 2nd quarter worth approximately $11,152,000. CX Institutional grew its holdings in shares of Enova International by 2.7% in the fourth quarter. CX Institutional now owns 72,224 shares of the credit services provider's stock valued at $11,354,000 after acquiring an additional 1,872 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Enova International by 2.4% during the second quarter. Russell Investments Group Ltd. now owns 65,255 shares of the credit services provider's stock valued at $7,277,000 after acquiring an additional 1,531 shares during the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.
About Enova International
(
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Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.
In addition to its U.S.
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