Enova International saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Enova International is not currently near a proper buy point. Look for the stock to form and break out of a new base.
The stock earns a 93 EPS Rating, meaning its recent quarterly and annual earnings growth tops 93% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q2, the company posted 46% earnings growth. Top line growth was flat, matching the prior report's 22%.
Enova International earns the No. 5 rank among its peers in the Finance-Consumer Loans industry group. SoFi Technologies is the top-ranked stock within the group.
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