Opinions
Jim Cramer - Mad Money
Enova International
ENVA-N
DON'T BUY
Aug 08, 2024
$76.850
Stock price when the opinion was issued
Financial Services
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Stockchase Research Editor: Michael O'Reilly
ENVA provides consumer credit services in the US and Brazil. Recently reported earnings showed a 28% increase in originations and 48% increase in EPS. Cash reserves are growing, partially thru increased debt and shares are being bought back. It trades at 11x earnings, 2.1x book and supports a ROE of 21%. We recommend setting a stop-loss at $77, looking to achieve $131 -- upside potential of 25%. Yield 0%
(Analysts’ price target is $131.12)
Financial Services
An unconventional lender, so too risky.