TD Cowen maintains Buy rating on Enova International, $224 price target

Citizens raised its price target for Enova International (NYSE:ENVA) to $220 from $215, citing strong growth and stable credit quality. The company reported 30%+ originations growth and 30%+ EPS growth for multiple quarters. Enova's stock has gained 55% over the past year, but may be overvalued according to InvestingPro's Fair Value analysis. Citizens also increased its 2027 adjusted EPS estimate to $22.03 from $21.47, expecting more aggressive share buybacks.

Enova International Inc (ENVA) reported Q3 2026 revenue exceeding $1 billion, up 26% YoY, with adjusted EPS increasing 33% to $4.48. Originations grew 31% YoY to $2.6 billion, marking 12 consecutive quarters of at least 20% growth. The company noted increased marketing expenses and SMB delinquencies, while withdrawing bank applications. Management expects Q4 2026 revenue to rise 25% YoY with stable margins.

Enova reported Q3 2026 revenue of $1.1 billion, up 26% YoY, with originations and adjusted EPS also rising significantly. Net charge-off ratio improved to 8.1%. The company's portfolio reached $5.9 billion, with small business products comprising 68%. Enova withdrew its bank regulatory applications for Grasshopper Bancorp acquisition, citing regulatory misalignment, but expects continued growth.

Enova International (ENVA) reported Q3 2026 growth in originations, receivables, revenue, and adjusted EPS, all up 25% or more year-over-year. The company expects Q4 2026 adjusted EPS to rise 30% to 35%, with revenue growth around 25%.

Enova International (ENVA) reported Q3 improvements in net charge-off ratios and revenue margins, with consolidated net revenue margin at 61%. The company expects Q4 margins between 55% and 60%. Marketing expenses rose to 23% of revenue, supporting growth. Enova has $1.3B in liquidity and repurchased 243,000 shares. It forecasts 25% revenue growth and 30-35% adjusted EPS increase for Q4. The company is exploring new product opportunities in consumer and small-business lending.

Enova (ENVA) reported Q3 2026 earnings with 26% revenue growth to over $1 billion, driven by 30% portfolio growth. Consumer and small business originations increased 37% and 28% respectively. Adjusted EPS rose 33%. Net charge-off rates improved, with the consolidated rate at 8.1%. The company expects strong Q4 results, citing resilient macroeconomic conditions and consumer spending.