Enova International stock touched a 52-week high of $236.29, driven by strong small and medium-sized business lending and the pending acquisition of Grasshopper Bancorp. SMB loan originations jumped 42% year over year in the first quarter of 2026, marking the ninth straight quarter of more than 20% growth, and small business products now account for 70% of the total loan portfolio. The Grasshopper acquisition, valued at approximately $369 million, is expected to close in the second half of 2026 and generate annual net income uplift of $125 million to $220 million within two years. However, elevated operating expenses and a high debt burden of $4.83 billion against $1.1 billion in liquidity remain concerns, and the stock trades at a premium valuation relative to the industry. Analysts currently rate Enova a Hold.
Enova International IncSMB loan originations jumped 42% YoY, driving strong demand for small business lending products
