Strong Q3 Results and Asset-Backed Note Offering Could Be a Game Changer for Enova (ENVA)

• Enova International, Inc. recently reported strong third quarter 2025 results, including US$460.71 million in revenue and US$80.31 million in net income, with management providing guidance for a 10% to 15% increase in fourth quarter revenue over the previous year due to robust small business and consumer lending growth.
• Alongside these results, Enova completed its previously announced share buyback program and initiated a US$261.4 million asset-backed note offering, signaling management’s commitment to both capital return and funding expansion in small business lending through its OnDeck subsidiary.
• We’ll explore how this combination of robust quarterly earnings and optimistic revenue guidance impacts Enova’s long-term investment narrative, particularly its growth prospects in digital lending.

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Enova International Investment Narrative Recap

To be a shareholder in Enova International, one must believe in the continued shift toward digital lending and Enova’s ability to scale profitably through both consumer and small business credit. The latest earnings and revenue guidance confirm ongoing demand, but in the short term, the primary catalyst remains sustained origination growth, while heightened regulatory scrutiny over nonprime lending persists as the largest risk; recent results do not materially alter these dynamics.

Among the recent announcements, Enova’s completion of its US$220.39 million share buyback stands out, funneling value back to shareholders while highlighting confidence from management. However, for those focused on key growth drivers, the asset-backed note offering through OnDeck may be more directly tied to the company’s strategy for funding further expansion in small business lending.

By contrast, investors should be aware that even with strong current results, the risk of tighter consumer lending regulations could still ...

Read the full narrative on Enova International (it's free!)

Enova International's narrative projects $5.7 billion revenue and $426.8 million earnings by 2028. This requires 60.7% yearly revenue growth and an increase in earnings of $170.6 million from $256.2 million currently.

Uncover how Enova International's forecasts yield a $137.25 fair value, a 15% upside to its current price.

Exploring Other Perspectives

Fair value estimates from four Simply Wall St Community members span a wide range, from US$64.42 to US$467.73. With such variability, your view on digital lending adoption and Enova’s origination growth could shape expectations for future performance and risks.

Explore 4 other fair value estimates on Enova International - why the stock might be worth 46% less than the current price!

Build Your Own Enova International Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Enova International research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Enova International research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Enova International's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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