Vince Martin
Long/short equity, value, gambling

Enova International: Q4 Was Better, But The Concerns Aren't Gone

(click to enlarge)Source:

For what's really the first time in its history as a publicly-traded company, there was some good news for Enova International (NYSE:ENVA). Shares gained over 18% on Friday after the company finally posted a bullish quarter, beating guidance and analyst estimates in its fiscal fourth quarter.

Beyond exceeding expectations, Q4 finally showed some level of stabilization in Enova's business, with revenue and adjusted EBITDA increasing sequentially. The installment loan business appears to be growing nicely, and the company's first securitization, completed last month, provides a source of funding and perhaps takes some pressure off relative to long-term liquidity and solvency concerns.

That said, I'm not quite ready to reconsider my long-bearish stance

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