Enova International Raises Price Target to $190 on $875M Q1 Revenue Beat
Cowen & Co. reiterated its Buy rating and lifted its price target to $190 as Enova International reported Q1 revenue of $875 million and EPS of $3.87. New originations climbed 33%, net charge-off ratio was 7.6%, and liquidity totaled $1.1 billion.
1. Analyst Rating and Price Target Increase
Cowen & Co. reiterated its Buy rating for Enova International and raised its price target to $190, citing the company's robust Q1 results and growth prospects.
2. Q1 2026 Financial Results
Enova delivered Q1 revenue of $875 million and EPS of $3.87, beating consensus and marking the fourth consecutive quarter of earnings surprises.
3. Loan Origination and Earnings Growth
New loan originations jumped 33% year-over-year, driving a 17% increase in total revenue and a 30% rise in adjusted EPS.
4. Risk Metrics and Liquidity Position
The company maintained a net charge-off ratio of 7.6% and ended the quarter with $1.1 billion in liquidity, while advancing its planned acquisition of Grasshopper Bank.