Jim Cramer - Mad MoneyEnova InternationalENVADON'T BUYAug 08, 2024

Our PAST TOP PICK with ENVA has triggered its stop at $145.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous guidance, this will result in a net investment gain of 32%.

Our PAST TOP PICK with ENVA is progressing well.  To remain disciplined, we recommend trailing up the stop (from $118) to $145 at this time.  

Our PAST TOP PICK with ENVA is progressing well.  To remain disciplined, we recommend trailing up the stop (from $107) to $118 at this time.  

Our PAST TOP PICK with ENVA has achieved its target at $131.  To remain discplined, we recommend covering half the position at this time and maintaining the stop at $107

Our PAST TOP PICK with ENVA is progressing well.  To remain disciplined, we recommend trailing up the stop (from $77) to $107 at this time.  

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%