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Strong Q2 results, expansion of originations, higher full-year guidance, and a major acquisition synergy story typically lift multiple valuations and attract buyers; near-term catalysts include Grasshopper closing and potential further margin expansion.
What happened, with direct paths to the underlying reporting
Enova reported strong Q2 2026 results with revenue of $929 million, up 22% year over year, and EPS of $4.00, up 40% (adjusted EPS $4.31, up 33%). The company highlighted solid credit metrics and a 61% net revenue margin, while confirming the planned Grasshopper Bank acquisition to close later this year and deliver synergies. With liquidity at $929 million and a $19 million stock repurchase, Enova raised its full-year outlook as originations grew 27% and total loans rose to $5.5 billion (up 28%).
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