This article focuses on Q3 2019 earning highlights. For more information on Enova’s business please refer to my article here with a Q2 2019 update here.
Q3 2019 highlights
Enova reported strong year-over-year revenue growth of 12% which translated into an increase in adjusted EBITDA of 39% and adjusted EPS of 87% due to strong operating leverage (comes mainly from fixed general and administrative and operational and technology expenses and a falling cost of capital). Loans to new customers represented 38% of total originations which bodes well for expanded revenue potential going forwards from