The IBD SmartSelect Composite Rating for Enova International increased from 94 to 96 Friday.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Enova International is not currently near a proper entry. Look for the stock to form and break out of a new base.
The stock has a 92 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 56% earnings-per-share gain for Q1. Sales growth fell to 22%, down from 25% in the prior quarter.
Enova International earns the No. 2 rank among its peers in the Finance-Consumer Loans industry group. Atlanticus Holdings is the top-ranked stock within the group.
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